Germany on Thursday called on industrialized nations to live up to their climate pledges, and not to cut down funds for developing countries.
“We in the industrialized countries need to continue to live up to our responsibilities,” German Foreign Minister Annalena Baerbock told participants at the Petersberg Climate Dialogue meeting in Berlin.
She said Germany will continue to provide over €6 billion ($6.4 billion) annually for climate projects in developing countries in the coming years, despite the negative impact of the Ukraine war on the national budget.
“Our climate finance has reached €6.4 billion and I want to confirm that our goal for 2025 stands at €6 billion even though we face heavy budget pressure as many others,” Baerbock said.
“We encourage other industrialized countries to follow suit so that we will continue to jointly fulfill our $100 billion commitment for developing countries, as we finally did for the first time in 2022,” the minister added.
The two-day Petersberg Climate Dialogue, co-hosted by Baerbock and Azerbaijan's Environment Minister Mukhtar Babayev, brings together politicians and climate experts from over 40 countries, ahead of this year's UN climate summit.
The UN Climate Change Conference, also knowns as COP 29, will be held in Azerbaijan's capital Baku, between Nov. 11 and Nov. 22.
