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BONN BUDGETS DEM 1 BILLION FOR INTERNATIONAL PROGRAMME
1 May 1996
A new world-wide climate protection programme is to be introduced next year by the Bonn Ministry for Economic Co-operation and Development. The main focus of the programme will be promotion of cleaner energy, including the use of wind, rationalisation of energy actions and modernisation of existing power stations. A budget of DEM 1 billion will be available. DEM 750 million is earmarked for loans while the remaining DEM 250 million will be spent on technical co-operation to promote efficient energy use and renewable energies. The ministry expects to make decisions over projects requesting a total DEM 500 million in 1997, although the money will actually be spent over several subsequent years. The DEM 1 billion has been allocated from money earmarked for international aid organisations but not spent, says Carl-Dieter Spranger, explaining why such a large sum is available in a country regarded as economically hard pressed. The money will be devoted to specific projects in selected countries. Spranger also stresses that for a given sum, much more can be achieved to protect the climate in partner countries in the developing world than in industrialised countries. He also points out that creating a market in these countries will in the long run benefit Germany. "As a leading nation in the manufacture of environmental technology," it can expect to see much of the DEM 1 billion in German hands again.
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