The 27th UN Climate Change Conference (COP27) ended today in Sharm el-Sheikh. As Team Germany, the Federal Government has worked both in the negotiations and through concrete initiatives and partnerships for greater ambition in containing the climate crisis and for more solidarity with the countries impacted most by it.

The negotiations at the international climate conference in Sharm el-Sheikh are entering their final phase today. It is already clear that it has been possible, beyond the negotiations themselves, to agree on substantial tangible advances that will mitigate global emissions and the impacts of the climate crisis.

Initial contributions for the the Global Shield against Climate Risks include around 170 million euros from Germany and more than 40 million euros from other countries.

The Federal Ministry of Economic Cooperation and Development is in charge of climate-related loss and damage and adaptation to climate change in developing countries and is also responsible for a large part of Germany’s climate finance.

German Development Minister Schulze is travelling to COP27 in Egypt. She will be lobbying together with developing countries to advance concrete solutions for climate protection, adaptation to climate change and dealing with climate-related loss and damage.

Federal Chancellor Olaf Scholz announced today as the COP27 climate conference in Sharm el-Sheikh begins that Germany will be doubling its contribution to forest conservation from one to two billion euros in the period up to 2025.