The German Federal Environment Ministry (BMU) established the International Climate Initiative (IKI) in 2008. BMUB uses this instrument to strengthen cooperation between the German Government and developing and transition countries and emerging economies, in order to mitigate and adapt to climate change, and preserve biodiversity.
In accordance with a Bundestag resolution, the IKI receives EUR 120 million from the BMUB budget every year. The Energy and Climate Fund (EKF) also contributes money to the IKI and is replenished through the auctioning of emission allowances. This innovative financing mechanism has enabled Germany to support further measures in the areas of climate change and biological diversity around the world. In this way, the IKI provides a role model for the 'new and additional' funding called for by developing countries.
The IKI funds projects in the following areas
- Mitigating greenhouse gas emissions
- Adapting to the impacts of climate change
- Conserving natural carbon sinks with a focus on reducing emissions from deforestation and
forest degradation (REDD+)
- Conserving biological diversity