Germany to spend on climate goals in Developing Countries

ANI
23 Apr 2021, 03:03 GMT+10

Berlin [Germany], April 22 (ANI/Sputnik): Germany will increase its climate financing to developing countries by USD 4 billion by 2022, Chancellor Angela Merkel told a US-sponsored virtual climate summit on Thursday.

"As industrialized countries, we have committed ourselves to mobilize by 2020 an annual amount of $100 billion and this is to be followed up by an extension until at the very least 2025," she said.

"Germany has doubled its financing by 2022 by USD 4 billion per year and we are going to continue to contribute our fair share to this," the chancellor added.

Merkel also proposed placing 30% of the global land and marine surface under protection in order to stop the loss of biodiversity around the world.

Germany aims to attain climate neutrality by 2050.

As part of the EU climate drive, it hopes to emit at least 55 per cent less greenhouse gases by 2030 compared to 1990 and plans to phase out coal by 2038 by investing in green energy. It produced 46 per cent of electricity from renewables in 2020. (ANI/Sputnik)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Irish Sun.

More Information

6 ℃

Fair in Dublin

International

Section

White House seeks subsidies for nuclear power in bid for clean energy

WASHINGTON D.C.: The White House is talking with lawmakers to offer subsidies to the nation's nuclear power plants, in a ...

Fear of Covid variants calls off Oktoberfest for 2nd year

MUNICH, Germany: Authorities in Germany have called off Oktoberfest for the second straight year, saying the festival, which attracts nearly ...

Police recognize wanted Mafia fugitive on YouTube from tattoos

SANTO DOMINGO, Dominican Republic: Italian detectives have arrested a member of the Italian mafia after seeing him on YouTube in ...

93 policemen killed in 2020, 41 shot to death

WASHINGTON D.C.: The FBI has reported that 93 police officers were killed in the line of duty in 2020.This was ...

Lithuania president voices support for Ukraine at Warsaw summit

WARSAW, Poland: A defiant Lithuanian president said earlier this week that his country would never accept Russia's 2014 annexation of ...

Columbus police still investigating pepper-spraying of reporters

Who is this person?Nearly a year after Columbus police officers pepper-sprayed journalists covering protests against police brutality, the Columbus Division ...

Europe

Section