+++ Joint press release by the Federal Foreign Office, the Federal Ministry for Economic Affairs and Climate Protection, the Federal Ministry for Economic Cooperation and Development and the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection on the conclusion of COP27 +++
Outside the negotiating rooms, it has also been possible to agree on substantial concrete progress that will curb global emissions and the impact of the climate crisis.
Such concrete initiatives are taking up an increasingly large share of the world's climate conferences.
Together with its partners, “Team Germany,” comprising the Federal Foreign Office, the Development Ministry, the Climate Ministry and the Environment Ministry, has been able to provide decisive impetus here:
- The Global Shield Against Climate Risk, which Germany launched as G7 presidency together with the V20, the group of 58 most vulnerable countries. The shield systematically analyzes, country by country, which protection gaps exist and develops protection packages with the most affected countries to protect people financially against climate-related loss and damage.
- Development Minister Schulze has discussed initial implementation of the shield with Pakistan, one of the pioneer countries, and has pledged concrete assistance for risk analysis and social protection.
- The Just Energy Transition Partnership (JETP) with Indonesia was agreed during the COP at the G20 summit in Bali. With US$20 billion in public and private funding, Indonesia will accelerate its energy transition by ten years.
- There was concrete implementation of the Just Energy Transition Partnership with South Africa with a €300 million loan to accelerate the energy transition.
- Germany has agreed a climate and development partnership with Kenya. The partnership's goal is 100 percent renewables by 2030, which shows other developing countries: Development is also possible without fossil energy sources.
- Germany and the USA have agreed with Egypt on an accelerated energy transition that also includes social compensation for gas industry workers.
- The German Chancellor has doubled Germany's commitment to forest protection to two billion euros.
- Together with Egypt, we launched the new “Enact” initiative to coordinate global efforts to combat climate change, land and ecosystem degradation and biodiversity loss through nature-based solutions (NbS). In doing so, we also looked ahead to the World Conservation Conference (CBF-COP15) in Montreal in December.
- The Ministry of Development and the Ministry of Economics have established a platform for the international development of a green hydrogen economy, with the aim of creating value in developing countries in addition to meeting German needs.
- The Sustainable Electricity Transition Roadmap with Morocco was signed by Germany and other EU countries. It provides for a direct connection of European electricity grids with Morocco's electricity grid and a reduction of barriers to the transmission of renewable electricity from Africa. This is to be realized by 2024 at the latest.