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Protecting the climate
Financial support – instruments and institutions
To enable the developing countries to implement measures aimed at reducing greenhouse gas emissions (mitigation) and facilitating adaptation to climate change, the Bali Action Plan, adopted in 2007, contains pledges on financial support.
The German government has already substantially increased its financial support for mitigation, adaptation to climate change and technology transfer, notably during the period 2004-2008.
In the 2009 federal budget, the sum of around one billion euros was earmarked for this purpose from the budget of the Federal Ministry for Economic Cooperation and Development (BMZ) alone, with a further 120 million euros coming from the budget of the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU). A continued upward trajectory can be expected over the coming years as a result of the "fast start" financing.
The German government's commitment utilises a wide range of instruments and institutions in the field of bilateral financial and technical cooperation as well as multilateral cooperation.
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