Groups advocate for increased climate funding from specialized assets

Companies call for increased financial commitments towards climate change mitigation from dedicated investment sources - Groups advocate for increased climate funding from specialized assets

Alright, here's the lowdown on the latest climate funding push by German environmental associations. They're aiming big, asking for a whopping 6 billion euros more per year for energy-efficient building renovations, taking the total to a cool 20 billion euros.

But that's not all. Let's break it down:

• Municipal heating networks: They want 3 billion euros for this, making homes warmer and less dependent on fossil fuels.
• Natural climate protection: This includes rejuvenating moors, forests, and floodplains to the tune of 1 billion euro.
• International climate protection: reasoning 2.5 billion euros is needed to tackle global warming beyond German borders.
• Industrial transformation: Lastly, they're seeking 0.6 billion euros for industries to make the switch to green practices.

However, these groups draw the line at new gas power plants, LNG terminals, or carbon capture and storage (CCS) projects. They also don't want any additional money for building new roads or reducing industrial electricity prices.

The orchestrators of this backing include top groups like German Nature Conservation Ring (DNR), Climate Alliance, BUND, German Environmental Aid, Germanwatch, German Zero, Greenpeace, and WWF, among others. Importantly, they want existing climate protection funds to remain intact and be funded from the general budget.

Now, let's talk about the 500 billion euro special fund that our government's cooking up. Berlin is scheduled to decide its design on June 24. From this, 100 billion euros will go to the states and cities, and another 100 billion euros to the Climate and Transformation Fund (KTF). The catch? The special fund's credit-financed investments must aid in infrastructure development and achieving climate neutrality by 2045, according to the Constitution.

Here's a quick peek at what the total 500 billion euro special fund is earmarked for:

• Transport, digital infrastructure, energy, and climate policy:collectively receive funding from this massive fund.
• Climate and energy initiatives: boast 100 billion euros specifically for projects like renewable energy, grid modernization, and green technology development.

So, while these green groups haven't spilled their precise proposals for the upcoming special fund, it's clear they're serious about fighting climate change and shifting industries towards sustainability. Keep your eyes peeled for further updates!

1. The green groups, such as German Nature Conservation Ring (DNR), Climate Alliance, BUND, German Environmental Aid, Germanwatch, German Zero, Greenpeace, and WWF, are advocating for a significant portion of the 100 billion euros from the special fund to be allocated towards employment policies that encourage industrial transformation towards green practices.
2. To address the issue of climate change, the environmental associations are also advocating for a portion of the special fund to be used in funding scientific research, particularly in the field of environmental science, focusing on mitigating climate change and its effects on various industries.
3. In their push for a sustainable future, these green groups are also advocating for a portion of the special fund to be allocated towards policies that promote the growth of sectors like renewable energy, which can help curb the impact of climate change on our planet and provide employment opportunities that align with environmental goals.

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