Germany agrees 60-bn-euro climate investment plan

The new German government approved a 60 billion euro ($68 billion) climate investment plan in a cabinet meeting on Monday, laying the first stone towards achieving its ambitious environmental targets. 

The agreement was announced by Finance Minister Christian Lindner, who celebrated a “booster” for Europe’s top economy and “the beginning of a climate-neutral and digital future for Germany”. 

The investment in the new government’s “Climate and Transformation Fund”, first announced on Friday, comes from unused debts intended to tackle the coronavirus.