Spotlight Activity: Germany’s Climate Action Plan 2050 to Support the EU Paris Agreement Pledge
In regard to the intended nationally determined contributions (INDCs) pledge to Paris agreement, Germany intends to reduce greenhouse gas emissions (GHGs) by 40% by 2020 and up to about 95% in 2050, as compared to 1990 levels. To achieve this aim, Germany drafted a policy known as the Climate Action Plan 2050 which provides emission reductions targets in individual sectors such as energy, industry, buildings, agriculture and transport among others as shown in the table below.
Source: www.bmub.bund.de (Federal ministry for Environment, Nature conservation, Building and Nuclear Safety)
The total emission reductions for 2040 and 2050 are 374 and 62-250 million tonnes of CO2 equivalent respectively. However, the Climate Action Plan, 2050 lacks an exact financial plan that provides transparent financial information on the management of capital flows in climate-friendly projects and companies. It also lacks ways to initiate the right capital flows in pensions or green market bonds for proper innovative products and positive financial market dynamics. Germany is also not doing enough to meet the sectoral targets. For instance, it is likely to miss the short-term emission reduction targets of 40% by 2020 which are set to help meet the sectoral targets. This is a major setback on Germany’s commitments to the EU emission reduction goals.
Status: Standing Still
The climate change targets set in the Climate Action Plan, 2050 are not yet legally binding and the sectoral targets have not been sufficiently incorporated into climate protection law. There are no specific emission reduction measures aligned to each sector so far. Also, the missing of the 2020 emission reduction targets affects the 2030 and 2050 targets and this could mean a total overhaul of the targets set in the Climate Action Plan 2050.
Please send the following message to Federal Minister Svenja Schulze:
Dear Federal Minister Svenja Schulze,
It is important that Germany strengthens the pledge it made to meet the goals of the Paris Agreement before the Agreement goes into effect. For example, Germany could;
Develop a programme of measures to quantify emission reduction impacts that are also aligned to each of the sectors,
Support efforts that resolve global finance flows with climate targets e.g. through the G20’s Financial Stability Board, and
Eliminate environmentally harmful subsidies to discourage increased emissions
Svenja Schulze – Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety
Tel: (0251) 77 0 99
Address: Bahnhofstraße 9, 48143 Münster