The report looks at how international cooperation in the form of an inclusive climate club can promote climate ambition and facilitate the decarbonisation of industry.
G7 finance ministers and central bank governors have issued a joint statement following their meeting on 12 October on the sidelines of the Annual Meetings of the IMF and World Bank in Washington DC.
Climate action Green federal securities
Climate action is a priority. To boost sustainability in financial markets too, the German government is issuing Green German Federal Securities. This will inject momentum into the sustainable bond market as a whole.
Climate action Climate action publications
All the Finance Ministry’s publications relating to climate action, including a link to the German government’s Sustainable Development Strategy.
Climate action Climate action for everyone
We make climate action possible. That’s especially important today, more than ever. To ensure that the shift to a climate-friendly future is affordable for everyone, the German government is granting people relief in other areas.
Public finances Immediate climate action programme for 2022
Germany adopted major new climate legislation in June 2021 that sets higher national emissions reduction targets for 2030 (at least 65%) and 2040 (at least 88%), with the goal of achieving net greenhouse gas neutrality by 2045. In addition, a new €8bn “immediate climate action programme” for 2022 will finance further measures to achieve the new climate targets.
Climate action German Sustainable Finance Strategy
The federal cabinet adopted the first German Sustainable Finance Strategy on 5 May 2021. The goal of the strategy is to mobilise investments that are urgently needed for climate action and sustainability while also addressing the climate risks that are increasingly relevant to the financial system.