Germany's ruling coalition plans to spend €40 billion on climate protection

The governing coalition parties in Germany have reportedly agreed to a deal to ensure the country meets its 2030 goals to combat climate change. The government is set to unveil its climate package on September 20.

World 10:45 15.09.2019

German Chancellor Angela Merkel's government is set to unveil a package of measures on Friday, September 20, to ensure that the country cuts its greenhouse gas emissions by 55% by 2030 compared to the 1990 levels, Deutsche Welle reports.

Days before the announcement, Germany's governing coalition parties have reached an agreement on a climate package, which could cost at least €40 billion ($44.6 billion) until 2023, according to reports from German daily Welt am Sonntag and the Reuters news agency.

 "Over €40 billion in just four years is a huge sum," Welt am Sonntag quoted government officials as saying.

"We agree that something needs to be done, but it is still open which form this will take," a person briefed on the talks told Reuters. "We still have not agreed on a price for a ton of C02."

The coalition partners — including Merkel's Christian Democrats (CDU), their Bavarian Christian Social Union (CSU) sister party and the center-left Social Democrats (SPD) — have long argued about how to finance Germany's march toward a green future.

The CDU/CSU have been eager to ensure that the burden of financing the measures doesn't hurt German businesses, while the SPD wants to protect small earners.

IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Israel wants to coordinate with US on possibility of new strikes on Iran
09:15 08.07.2025
Netanyahu nominates Trump for Nobel Peace Prize
09:00 08.07.2025
Geno rejects signing of 38-year-old Jamie Vardy
21:00 07.07.2025
Gaza death toll passes 57,500 as Israeli attacks continue unabated
20:45 07.07.2025
Russian emergencies minister arrives in Baku
20:25 07.07.2025
Trump due to meet Netanyahu at White House
20:15 07.07.2025
Russia attacks recruitment centers in Ukraine's Kharkiv, Zaporizhzhia
20:00 07.07.2025
Pezeshkian says Israel attempted assassination against him
19:45 07.07.2025
Iran has military capability to strike Israel daily for 2 years, IRGC adviser says
19:20 07.07.2025
US envoy says ‘satisfied’ with Lebanese response on roadmap to disarm Hezbollah
19:00 07.07.2025
Peskov: Russia, Azerbaijan should remain close partners, allies
18:45 07.07.2025
The Gulf Observer: Armenians' destruction of Azerbaijan's cultural heritage - vandalism against all humanity
18:30 07.07.2025
Official: Nearly 1M foreigners arrived in Azerbaijan in 5 months of 2025
18:15 07.07.2025
Chief of General Staff of Azerbaijan Army visits Saudi Arabia
18:00 07.07.2025
Israeli PM approved Yemen airstrikes during his flight to US
17:45 07.07.2025
Expert: ECO Summit in Khankendi confirmed member countries' desire for inclusive, multipolar world
17:30 07.07.2025
AZAL introduces new online service
17:15 07.07.2025
Poland imposes checks on German and Lithuanian borders amid migration fears
17:00 07.07.2025
Saudi Arabia raises August oil prices for Asia, Europe buyers
16:45 07.07.2025
EU Reporter: Karabakh region became platform for int'l forums
16:15 07.07.2025
Georgian PM says direct foreign interference in democratic elections failed
16:00 07.07.2025
Typhoon Danas kills two in Taiwan, injures over 500
15:45 07.07.2025
'Coalition of the Willing' may fall apart over Starmer-Macron conflict
15:30 07.07.2025
Former Adjara head hospitalized with gunshot wound in Georgia
15:15 07.07.2025
Scientists reveal how caffeine slows down aging
15:00 07.07.2025
Thailand to offer US more trade concessions to avert 36% tariff
14:45 07.07.2025
Putin dismisses transport minister
14:30 07.07.2025
Israel carries out strikes on Houthi-controlled power station, ports across Yemen
14:15 07.07.2025
UK to name Iran as one of its biggest threats
14:00 07.07.2025
Armenia rejects possibility of using country's territory for military purposes
13:45 07.07.2025
Mexico defeats US for second consecutive Gold Cup title
13:30 07.07.2025
Iranian FM calls attacks on Iran's nuclear facilities flagrant violation of NPT
13:15 07.07.2025
Netanyahu lands in US ahead of White House meeting with Trump
13:00 07.07.2025
Ilham Aliyev receives delegation led by Pakistani National Assembly speaker
12:55 07.07.2025
Araghchi: BRICS to play key role in defending world order
12:45 07.07.2025
Eight Turkish soldiers martyred in northern Iraq
12:30 07.07.2025
Pro-Palestinian protesters gather outside White House ahead of Israeli premier's visit
12:15 07.07.2025
US Treasury Secretary Scott Bessent scoffs at Musk’s new America Party
12:00 07.07.2025
Trump dismisses Musk’s third party idea as ‘ridiculous’
11:45 07.07.2025
Israeli army launches airstrikes on western Yemen
11:30 07.07.2025
Hamısı