Capsule · The news app for modern leaders

Trends and Insights

Download
illustration image for the article
15 Dec 2023

Germany Cuts Climate Fund by €45 Billion by 2027

Following a court ruling on the debt brake, Chancellor Olaf Scholz's government [will reduce](https://www.cleanenergywire.org/news/scholzs-government-cuts-climate-fund-45-bln-euros-2027-response-debt-brake-ruling) funding for climate initiatives by 45 billion euros by 2027. These cuts are part of necessary budget adjustments, along with higher carbon pricing and tackling environmentally harmful subsidies to adhere to borrowing limits.