Germany’s GEF financing also supports projects contributing to protecting national parks and adapting agriculture to climate change.
Photo: Andrey Filippov / flickr

03.07.2018

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The German Federal Government is renewing its financial support for global environmental protection via the Global Environment Facility (GEF). At a conference in May, Secretary of State Norbert Barthle stressed the responsibility of the industrialised nations vis-à-vis the developing countries regarding global environmental protection and the conservation of natural resources.

Germany’s Federal Development Ministry (BMZ) has approved financing totalling 420 million euros for the Global Environment Facility (GEF) to support international environmental protection and natural resource conservation efforts during the period from 2018 to 2022. The money will be allocated to projects in areas such as international marine and forest conservation as well food security and climate-friendly urban development measures.

One of the priorities in financing will be supporting the poorest countries. Desertification, land degradation and the loss of biodiversity are hitting poorer countries in particular, since a major share of the population there rely on a subsistence economy and depend on an intact environment. Combatting climate change, environmental protection and conservation of natural resources therefore play an important role in poverty alleviation.

Investing global finance flows in climate-friendly projects

According to estimates by the Organisation for Economic Co-operation and Development, the money held in the coffers of pension, government and insurance funds roughly corresponds to the investment sum required to achieve the climate goal agreed by the international community – keeping global warming below two degrees.

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