German Green Party calls for two-billion euro climate change aid fund

In the face of one of the hottest and driest summers ever recorded in Germany, the Green Party is calling for an aid fund worth at least two billion euros to provide financial resources for climate change mitigation across the country, the party says in a press release. “We have ignored climate change mitigation in Germany […] because we hoped this will only affect the global south,” party leader Annalena Baerbock said in an article carried by Zeit Online, adding that the relief fund could be used to pay compensation to those whose economic existence is threatened by the extreme weather, as well as to finance health care, heat protection in cities, fire and flooding protection, and adaptation measures in agriculture, the article says. The Greens say the fund could be filled with money generated from a tax on carbon emissions.

Find the article in German here and a press release by the Greens in German here.

See the CLEW article Germany’s power system weathers heat wave despite fossil plant curbs and the factsheet How much does Germany’s energy transition cost? for more information.