Germany to commit at least 100 billion euros on climate action

Berlin, Germany Updated: Sep 20, 2019, 05:55 PM IST
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Climate activists standing on ice blocks in front of Berlin's landmark, the Brandenburg gate, gallows around their necks. Photograph:(Reuters)

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Germany will pledge at least 100 billion euros ($110 billion) on climate action by 2030, said a summary of a sweeping environmental protection plan agreed by Chancellor Angela Merkel's coalition Friday

Chancellor Angela Merkel's government reached a deal Friday on a broad climate plan for Germany, a coalition source said, as tens of thousands of protesters rallied demanding more environmental protection.

Germany will pledge at least 100 billion euros ($110 billion) on climate action by 2030, said a summary of a sweeping environmental protection plan agreed by Chancellor Angela Merkel's coalition Friday.

"By 2030, a total of ... a three-digit billion euro figure will be made available for climate protection and the energy transition," according to the document seen by AFP.

After marathon overnight talks dragging more than 18 hours, the coalition reached "an agreement with many measures and an annual monitoring mechanism" on meeting climate targets, said a government source.

The plan, which covers a slew of measures from tackling emissions in the energy and industrial sectors, to incentives for zero-emission electric vehicles or public transport, was due to be unveiled at a press conference later Friday.

As the politicians emerged red-eyed from the session, across Germany, protesters were out in the streets with colourful banners and posters with slogans like "make rainforests great again" or "I want a hot date, not a hot planet".

In the biggest international wave of Fridays for Future climate strikes to date started by Swedish teen Greta Thunberg, a major bridge in central Berlin was blocked off by demonstrators who strung red and white tape across the streets, while in the financial capital Frankfurt, sit-ins were underway.

After two blistering summers and thousands of youths joining school strikes week after week, climate has shot to the top of the political agenda in the EU's biggest economy. 

For Merkel's coalition government, the stakes are also rising.

With the economy already projected to slide into recession in the third quarter, balancing the interests of its crucial export industries while not alienating young voters with their green demands was proving to be a tough balancing act.

'Life-destroying crisis'

The EU's biggest economy is set to miss climate targets for next year but has committed itself to meeting the 2030 goal of a 55-per cent cut in greenhouse gas emissions from 1990 levels.

Export powerhouse Germany accounts for around two per cent of the worldwide emissions blamed for heating the Earth's atmosphere, melting ice caps, rising sea levels and intensifying violent weather events.

Merkel, a scientist by profession, was once known as the "climate chancellor" as she pushed forward a green energy transition that vastly increased clean renewables such as wind and solar power.

However, many of those gains have been eroded by an increased reliance on dirty coal, in part to offset the phase-out by 2022 of nuclear power that Merkel decided after Japan's 2011 Fukushima disaster.

Her government this year announced a coal phase-out by 2038, but faces local opposition from mining regions, especially in the ex-communist east, where the far-right AfD party has capitalised on fears over job losses.

Car-mad Germany has also lagged badly behind in the transport sector, where state-coddled auto giants VW, Daimler and BMW have long focused on gas-guzzling SUVs more than hybrid or zero-emission electric cars.

Mindful of the 800,000 jobs tied to the auto sector, Merkel's government is also cautious that new environment taxes could set off the type of "yellow-vest" anti-government protests that have plagued neighbouring France.

But the young warn that delaying action is not an option, calling the threat existential with devastating consequences during their lifetimes.

"We are heading for a life-destroying crisis and so far nothing has happened," said Linus Steinmetz of the student movement.

"That's why we're raising the pressure -- together we're strong."