As of: March 2009

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General Information Climate Initiative

Since the beginning of 2008 the Federal Environment Ministry (BMU) has had additional funds at its disposal from the sale of emissions allowances for the implementation of a Climate Initiative. In 2008 a total of 400 million euro was available, of which 280 million was invested in Germany and 120 million euro in developing and newly industrialising countries. For 2009 this has been increased to 460 million euro of additional funding for the BMU budget.

The goal of the Climate Initiative is to tap existing potential for reducing emissions in a cost-effective way and to advance innovative model projects for climate protection. Specifically, the BMU promotes climate protection measures for increased energy efficiency and greater use of renewable energies. Furthermore, the International Climate Initiative supports measures for adapting to climate change and for conserving climate-relevant biodiversity in developing and newly industrialising countries. It thus aims to bring new momentum to negotiations on an international climate agreement for the post-2012 period.

The BMU is therefore establishing an innovative and reliable mechanism for international climate protection financing and making an important contribution to reaching ambitious climate protection targets in Germany, Europe and worldwide.