Thursday, November 25, 2021

BERLIN --- Germany's next government is working on a 2021 supplementary budget to pump more than 50 billion euros ($56 billion) into its climate fund which could be spent over the coming years to speed up the transition towards a green economy, sources said on Thursday. The three parties set to form the new government agreed to finance the climate fund injection with still unused debt authorization in this year's federal budget, two people familiar with the plans told Reuters on condition of anonymity. The debt-financed injection means the government will now make nearly full use of the 240 billion euros debt limit originally granted by parliament for 2021, the sources added. ...

Keep on reading: Germany to pump more than 50 billion euros into climate fund — sources
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