How much does Germany spend on climate finance?
Germany increased its climate finance from €471 million in 2005 to just over €2 billion in 2013. Furthermore, Chancellor Merkel promised a doubling of climate finance to €4 billion by 2020 in the summer of 2015. This is a step in the right direction, even though Germany’s share of the $100 billion pledge is generally considered to be ten percent (i.e. $10 billion or €7-8 billion) based on the country’s relative economic performance.
How does Germany compare internationally?
Internationally, Germany is one of the largest donors in climate finance. In absolute terms, with its €2 billion in 2013, Germany was in second place behind Japan.
While Germany seems to be able to find plenty of money to pour down the climate change rat hole, they never seem to be able to fully fund their NATO obligations. Germany and other NATO countries are expected to spend 2% of their GDP on the common defense. Germany barely pays half of what is owed. The US pays over 3X what Germany does to NATO as a percent of GDP, and the US has a GDP 5X that of Germany.
Germany had a GDP of $3,467,552 million in 2016, 2% of which is $69 billion. Germany paid about $41 billion, leaving the other countries, mainly the US, to make up for the $28 billion shortfall.
To put things in perspective, President Trump’s proposed Southern Wall is estimated to cost between $12 to $15 billion $12 to $15 billion. Getting Germany to fully fund their NATO obligations would provide enough money to build 2 walls. Many of President Trump’s spending initiatives could be paid for simply by making our foreign allies pay their “fair share.” Personally, I doubt the sanctimonious socialists will continue promoting the concept of “fairness” one they are the ones that actually are the ones paying to achieve it.
On Thursday, Senate leader Mitch McConnell, R-Ky, said Congress will follow through on Trump’s border wall order, and McConnell estimated it will cost $15 billion at most — he cited a range of $12 billion to $15 billion.
BTW, the MO of the Climate Alarmists is to deny, deflect, deceive, distort, and attack. One favorite tactic is to “appeal to authority,” who are often the “Fact Checkers.” These favorite attack dogs are a tainted jury at best.
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