Our award-winning reporting has moved

Context provides news and analysis on three of the world’s most critical issues:

climate change, the impact of technology on society, and inclusive economies.

Germany to increase climate funding for developing countries

by Reuters
Sunday, 13 June 2021 12:14 GMT

Germany's Chancellor Angela Merkel arrives for a working session during G7 summit in Carbis Bay, Cornwall, Britain, June 12, 2021. Brendan Smialowski/Pool via REUTERS

Image Caption and Rights Information

Government spokesman says Germany will continue to contribute its fair share for climate action in poorer nations

FRANKFURT, June 13 (Reuters) - Germany will seek to increase it climate funding for poorer countries to 6 billion euros ($7.26 billion) a year by 2025 at the latest, up from 4 billion euros paid in 2020, a government spokesman said on Sunday during the Group of Seven meetings.

"Germany will continue to contribute its fair share," he said after Chancellor Merkel emphasised the importance of responding to global challenges such as climate change, the COVID-19 pandemic and infrastructure aid.

($1 = 0.8260 euros)

(Reporting by Andreas Rinke Writing by Vera Eckert Editing by David Goodman )

Our Standards: The Thomson Reuters Trust Principles.