Climate Politics
Germany Faces €12 Billion Shortfall in Climate-Protection Fund
- Planned carbon-cutting programs exceed resources through 2026
- Ruling coalition likely to face some tough choices on funding
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Germany is facing a shortfall of about €12 billion ($13.2 billion) in its special climate-protection fund, suggesting the government in Berlin has significantly underestimated the cost of greening Europe’s biggest economy.
Commitments to climate—protection projects exceed earmarked resources through 2026, according to people familiar with the budget details, who asked not to be identified discussing confidential information.