Outcomes of the Elmau summit
Climate change is causing more and more natural disasters, for instance floods and droughts. The poorest people are the ones who contribute least to climate change, yet they are also the ones suffering the most and the ones who are least capable to take any precautions. The international climate agreement that is to be negotiated and adopted in Paris in November/December 2015 will set key priorities in regard to global climate protection. In the context of Germany’s G7 Presidency the BMZ has been cooperating with the Federal Environment Ministry (BMUB) to provide impetus for the decisive phase of the international climate negotiations.
Germany will honour its commitments. And we have also set the bar high with and for the G7 by committing to two concrete initiatives, one on expanding renewable energies in Africa and one on climate risk insurance schemes!
- Together with the G7 and our partner countries we want to provide up to an additional 400 million poor people with insurance against the risks of climate change by 2020! Those who have contributed least to climate change are the ones who are feeling its effects the most, be it severe flooding, droughts or heavy storms.
- The plan to be pursued, in cooperation with the African Union, is to add 10 gigawatts to Africa's installed capacity of renewable energy generation by 2020. That is the equivalent of 10 large coal-fired power plants. African countries have ample renewable energy resources: sun and wind power are available in abundance; and with prices for photovoltaic and wind systems falling, these technologies can compete with plants fired by fossil fuels.