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Published on: 27. April 2023

German climate finance faces cuts

November 9, 2022, Sharm El Sheijk, South Sinai, Egypt: Activists wearing masks with words Climate Finance Now protest on the fourth day of the COP27 UN Climate Change Conference Finance Day, held by UNFCCC in Sharm El-Sheikh International Convention Center. COP27, running from November 6 to November 18 in Sharm El Sheikh focuses on implementation of measures already agreed during previous COPs. The Conference in Sharm El Sheikh focuses also on the most vulnerable communities as the climate crisis hardens life conditions of those already most disadvantaged. Sharm El Sheijk Egypt - ZUMAs197 20221109_zaa_s197_014 Copyright: xDominikaxZarzyckax
The financing of international climate action is a key topic of the Petersberg Climate Dialogue, which will take place next week in Berlin. Despite this, the German government is planning to reduce tax spending for climate aid in its current draft budget.

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Last updated: 24. July 2025
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