Germany does not have financing for 2030 climate goals

According to a study by the environmental organization WWF, Germany lacks money to finance the climate goals set for 2030.

In 2022 there was a funding gap of 32.7 billion euros ($34.6 billion), according to a report published today by WWF. In 2023, the gap would still be 8.3 billion euros, although taking into account the planned expenses, not the actual ones.

But not all sectors are underfunded, according to the report. The construction sector is even overfunded by 2023: there is an annual need of 12.4 billion euros, compared to 18.5 billion that will be made available for financing.

On the other hand, the expansion of local public transport requires an average of 5.7 billion euros annually, but only 3.4 billion is planned to be spent.

“The government acts on climate protection as if it wanted to build a house without a financial plan: it does not look at how expensive the house will be in total,” said Viviane Raddatz, climate manager at WWF Germany. “He doesn’t check whether the doors and windows actually fill the gaps, and whether the painting he ordered wasn’t actually intended for cars rather than walls. No one in their right mind would approach a vital task in such a haphazard manner.”

Germany faces incalculable challenges regarding the 2030 climate agenda, by which time less than 80 % of local electricity consumption should come from renewable energy. This is an unavoidable requirement to become a climate-neutral industrial country in 2045. A point in Germany’s favor is its early start, in the 1990s, of renewable energies, which gives it knowledge and disposition.

Source: dpa

(Referential image source: Karsten Würth, Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram