Petersberg: How major donor countries are cutting their climate funding

At the Petersberg Climate Dialogue, countries aim to accelerate the phase-out of fossil fuels, electrification, and the decarbonization of industry. Yet the funding needed to achieve all of this is being cut.

21. April 2026
Friedrich Merz auf dem World Climate Leaders' Summit kurz vor der COP30 in Belém.
Will Chancellor Merz make a new financial commitment at the Petersberg Climate Dialogue? Pictured: Merz at the World Climate Leaders’ Summit shortly before COP30 in Belém. (IMAGO / Fotoarena)

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Last updated: 21. April 2026