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Allianz Trade

Climate warning

Germany’s highest court annuls a decision to repurpose COVID relief funding for climate measures

Germany’s highest court on Wednesday annulled a government decision to repurpose 60 billion euros ($65 billion) originally meant to cushion the fallout from the coronavirus pandemic for measures to help combat climate change and modernize the country. The ruling created a significant new problem for Chancellor Olaf Scholz’s quarrelsome coalition.
The money at stake was added retrospectively to the 2021 budget in light of the COVID-19 pandemic, under rules that allow new borrowing in emergencies despite Germany’s strict restrictions on running up debt.
But it eventually wasn’t needed for that purpose, and the center-left Scholz’s three-party coalition decided in 2022 to put the money into the “climate and transformation fund,” arguing that investment in measures to protect the climate would help the economy recover from the pandemic. It hasn’t yet been used.




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25 more agrees trigger social media ads

  • zelda ninga

    29 w

    A quick decision has to be made.

    4
    • Princess

      29 w

      This decision may hinder efforts to address pressing environmental challenges during a critical time.

      8
      • We Don't Have Time

        29 w

        Dear Videlis Eddie Your climate warning has received over 50 agrees! We have reached out to Germany by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        3
        • Sarah Chabane

          30 w

          Ridiculous

          8
          • Rotich Kim

            30 w

            The court should be free and allowed the decision to safeguard our environment and more resources should be realize

            8
            • Edwin wangombe

              30 w

              @rotich_kim I agree if the resources are there and they are not being used then they should be allocated to issues that are of urgency such as fighting climate change

              7
            • rosebellendiritu

              30 w

              They could have released the funds to be used for climate mitigation furthermore climate crisis is still a pandemic same as covid.

              8
              • Edwin wangombe

                30 w

                @rosebellendiritu Yes i agree... if the funds are there then they should be used to solve the pressing issues first

                7
              • Andy Kadir-Buxton

                30 w

                The court could be found guilty of ecocide.

                13
                • Edwin wangombe

                  30 w

                  @andy_kadir_buxton_978 this is right, the court is just being unreasonable

                  7
                • Rukia Ahmed Abdi

                  30 w

                  The decision by Germany's highest court to annul the government's move to repurpose 60 billion euros ($65 billion) of COVID relief funding for climate measures poses a significant challenge for Chancellor Olaf Scholz's coalition. The court's ruling indicates a legal setback for the government's attempt to redirect funds intended for pandemic-related economic recovery towards climate change initiatives and modernization efforts.

                  9
                  • Edwin wangombe

                    30 w

                    @rukia_ahmed_abdi The court should know that the COVID pandemic is over and climate change is more of a pressing issue now

                    7
                  • walter lungayi

                    30 w

                    This review has been posted multiple time

                    14
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