Merkel Air Travel to Fund Climate Aid Projects From Next Year

Flights by German Chancellor Angela Merkel and her team around the world will help fund $2.6 million of climate-protection projects next year.

Germany will spend about 2 million euros ($2.6 million) in 2015 to make up for greenhouse gases emitted by the air travel of government and parliament members, Environment Minister Barbara Hendricks said in parliament.

“I want us to set a positive example with this measure and make an important internationally recognizable sign,” Hendricks said late yesterday, according to prepared remarks sent by her ministry. “We’re taking climate protection seriously.”

The German government stopped after spending about 9.9 million euros from 2008 through 2012 to offset flight emissions. The expenditure at the time paid for projects including a wind farm for a luxury hotel in India and a biogas plant run by a Chinese beermaker.

Germany, Europe’s biggest economy, earlier this year said it needs to take additional measures to avoid missing its target to cut carbon emissions 40 percent by 2020 from 1990 levels.

Before it's here, it's on the Bloomberg Terminal.