The revenue generated by the Climate Action Programme 2030 is not to be used by the state for other purposes. All additional income from the Climate Action Programme is to be reinvested in climate change mitigation measures or passed on to citizens to relieve their additional financial burden.
The planned measures will be incorporated in the 2020 economic plan of the Energy and Climate Fund, which thus remains the key financing instrument for the energy transition and climate change mitigation in Germany.
The German government has launched the financing of the Climate Action Programme. Between now and 2023 alone the federal government is to invest 54 billion euros in environmentally-friendly infrastructure, technologies and in ensuring that measures are socially balanced. The central financing instrument in future will remain the Energy and Climate Fund.
The Cabinet has now determined how the Climate Action Programme is to be implemented in financial terms. The Cabinet will extend the government draft budget for 2020 and the 2020 economic plan for the Energy and Climate Fund, putting in place the budgetary prerequisites to implement the climate agreements.
Triple-digit sum for climate action
Along with funding from outside the Energy and Climate Fund, the German government will be providing a sum in the triple-digit billion range for the energy transition and climate action by 2030. This should trigger further investment in climate-friendly measures and support the economy.
Income from CO2 pricing will also be used to finance measures laid out in the Climate Action Programme 2030, making Germany a business and industry location that is fit for the future.