Germany will contribute another $60mn to the Climate Adaptation Fund, the country's environment and foreign ministries announced at the UN climate summit Cop 29 in Baku, Azerbaijan, today.
The federal ministry for the environment and the federal foreign office will contribute $30mn each. The ministries today said that Germany has contributed over $640mn since the fund was established in 2007, making the country the largest cumulative donor. The fund supports countries that are most at risk from climate change to adapt to the consequences of global warming and avoiding future climate damage through proactive action.
With the commitment Germany is now "putting other countries under pressure", the German unit of non-governmental organisation Oxfam said.
The payments will come from Germany's current budget, German special envoy for international climate action Jennifer Morgan said. Germany is not expected to pass a budget for 2025 this year, since its government lost its majority two weeks ago.
Germany supports the adaptation fund through its international climate action initiative IKI, with which the federal ministry of economic affairs and climate action is also involved. The IKI since its establishment in 2008 has contributed a total of $840mn to adaptation activities, in addition to its contribution to the adaptation fund.
Germany also launched a new $205mn call for projects through IKI at Cop 29 this week. The call asks for project ideas addressing mitigation — reducing emissions — as well as climate resilience and biodiversity protection, and has nine thematic priorities, including carbon removal activities and the mobilisation of private capital under Article 6 of the Paris agreement, which allows for co-operative approaches in mitigation activities.
Other thematic priorities include energy efficiency in buildings, the development and implementation of innovative financing models and programmes for the protection of forests, and the scaling of innovative financing solutions for decarbonising energy-intensive industries.
German economy and climate minister Robert Habeck also presented a new contribution to climate finance in Baku this week, aimed at promoting the decarbonisation of industry in emerging and developing countries, together with the UK and Canadian government and the CIF. And he joined the Global Cement and Concrete Association presentation at the summit of the first global standards for "climate-friendly" concrete and cement.
