Germany is fulfilling the commitments established for financing climate change mitigation and adaptation measures. In addition, the German Government is working towards a new international climate financing architecture as part of an ambitious, comprehensive and binding climate agreement adopted at the 2015 Conference of the Parties.
The key role of cities as players in climate change was formally recognised for the first time at the climate negotiations in Paris. At the third UN summit on housing and sustainable urban development – the ‘Habitat III’ conference in Quito in October 2016 – the ‘New Urban Agenda’ also anchored global objectives and orientations for sustainable urban development.
In the last seven years, Germany has increased six-fold its financial contribution to biodiversity conservation and protection of ecosystems worldwide and has also developed new sources of finance. This is a clear demonstration of the high degree of importance the German Government attaches to global biodiversity conservation.
The member states’ Nationally Determined Contributions (NDCs) form a core element of the Paris Climate Change Agreement from December 2015. Implementing the NDCs is essential for meeting the agreed 2-degree target. To define their contributions, many countries set climate targets for the first time in their history – an ambitious process that requires a solid institutional basis. It is essential that the relevant countries quickly strengthen their structures, develop financial instruments and create means for ensuring transparency and conducting evaluation.
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