Oil and gas financing: exit with exceptions

After some hesitation, Germany is now one of the 29 supporters of the joint declaration on phasing out international financing for fossil fuels. At the UN Climate Change Conference (COP26) in Glasgow on Tuesday, the German delegation signed an agreement to this effect, which was already presented last week. This means that in addition to coal, the move away from gas and oil production is now also moving into the focus of international climate protection efforts.

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