Scholz recalled the commitment of the most important western industrialized countries (G7) to reach 100 billion dollars annually for climate finance in poorer countries as quickly as possible.
(Photo: Reuters)
Berlin Chancellor Olaf Scholz has warned that the response to the Russian attack on Ukraine must not lead to a return of coal energy. “What must not happen to us is slipping into a global renaissance of fossil energy and especially coal,” Scholz said on Monday at the Petersberg Climate Dialogue in Berlin.
“No one can be satisfied that the share of coal-fired power generation is increasing again in our country as a reaction to imminent bottlenecks in the gas supply.” However, this is only a temporary emergency measure. “We have to get out of coal, oil and gas – I almost said: full throttle,” added Scholz.
This also applies to investments in gas infrastructure. “Everything we do today to secure the gas supply must be in line with our goal of becoming CO2-neutral in Germany and worldwide in the future,” he said, referring to new LNG terminals and possible further uses for the hydrogen Care.
Scholz also recalled the commitment of the most important western industrialized countries (G7) to reach 100 billion dollars annually for climate finance in poorer countries as quickly as possible until 2025. “By 2025 at the latest, Germany wants to achieve the goal of contributing at least six billion euros annually,” he added.
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One will also find practicable solutions for dealing with losses and damage caused by climate change, he said in response to a demand from developing and emerging countries.
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