Excellencies, distinguished delegates and colleagues,
In our national sustainable development strategy, we have set ourselves the target to reduce our greenhouse gas emissions by at least 55% compared to 1990 levels until 2030. On current trends, however, the pace of emission reduction is not fast enough to achieve this objective.
Therefore, we have established a climate cabinet, led by the Federal Chancellery, which is currently developing a programme of measures for 2030, addressing all relevant sectors and preparing all necessary legal implementation, to ensure our 2030 targets will be met. We expect the adoption of the package by the end of 2019.
Germany sees the upcoming Climate Action Summit as an opportunity to demonstrate enhanced collective climate ambition. The Summit should pave the way for the submission of long-term emission development strategies and the communication or update of NDCs by 2020. These should strive for climate neutrality in line with the Paris Agreement.
According to the conclusions of the European Council, the EU will submit its long-term strategy in early 2020.
It is important for the EU to agree on an ambitious climate change strategy. The Federal Chancellor Ms. Merkel has declared for Germany that we want to become carbon neutral by 2050. In this regard, we welcome that a large majority of EU Member States affirmed this long-term objective in the June European Council conclusions.
It is crucial that the EU long-term strategy shows how the transformation process can be technologically implemented and describes the necessary conditions.
Regarding the Green Climate Fund, our announcement to double the German contribution to the Fund to 1.5 billion Euros shows that we are fully committed to support the Fund and its successful replenishment.