Germany's 54 billion euro ($59 billion) plan to reduce carbon emissions is too small to make a difference, an analyst told CNBC Monday.
Friday's announcement followed an earlier decision to help regions hit by the phasing out of coal, a policy set to cost Germany an estimated 40 billion euros. "The sums may sound large.
For Germany, a balanced budget — one where revenues match or outweigh expenditure — and price stability are pillars of the nation's collective psyche, which still has memories of the hyperinflation that crippled the Weimar Republic in the 1930s.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deutsche Bahn sees big windfall from climate change packageGermany's Deutsche Bahn [DBN.UL] expects the government's 50 billion e...
Read more »
World leaders feel the heat in upcoming climate summitSaying humanity is waging war with the planet, the head of the United Nations isn't planning to let just any world leader speak about climate change at Monday's special 'action summit.'
Read more »
After strikes, youth climate activists keep pressure on leadersYoung climate change activists delivered a strong message to United Nations Secr...
Read more »
Protesting climate change, young people take the streetsDimonique Johnson, President of the National Action Network's Youth Huddle, joins TheRevAl to discuss why climate change is a civil rights issue.
Read more »
TRT World @trtworldLIVE: WMO Director of Climate Prediction and Adaptation Division Maxx Dilley addresses a presser on climate change
Read more »
Youth leaders at UN demand bold climate change actionYoung activists tell UN Secretary General Antonio Guterres that if he fails to take strong actions to combat climate change they 'we will mobilise to vote you out'
Read more »