Germany: You’ve Done It Again
We get the impression that Germany likes being ahead of the curve, it appears that Germany is leading the pack when it comes to what developed countries are doing on climate finance. Last year, was the first country to pledge to the Green Climate Fund. This year, just two weeks ago, at the Petersberg Climate Dialogue, Chancellor Angela Merkel announced to double the German climate finance by 2020.
ECO has been told that this is no empty pledge, and it actually refers to public finance from the government budget which is currently said to be approximately €2 billion a year, and set to become €4 billion a year by 2020. And so you know, Germany, we’ll be watching you.
It’s not just Germany that we’ll be watching though. ECO is excitedly looking around for others—yes, that’s you developed countries—to take up the challenge and use what time remains before Paris to prepare for their own announcement to match that of Germany. matching . France, the US and Japan, please, no cheeky accounting of loans, including non-concessional ones, at face value, to look bigger than you are. Remember, we’re watching.
The other thing Merkel did was to call on developed countries to draft a roadmap of how to meet the US$100 billion promise, and an important push for its peers.
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