German Chancellor Angela Merkel arrives at the Bellevue summit venue during the G7 summit in Biarritz, France, August 25, 2019. REUTERS/Christian Hartmann
FRANKFURT - Germany’s Christian Social Union , the sister party of Chancellor Angela Merkel’s Christian Democrats , are planning to launch a climate bond to help fund its efforts to reduce emission targets. “Climate change needs billions of euros of investment in climate friendly technologies,” Alexander Dobrindt, a senior lawmaker from the CSU Bavarian party in Merkel’s coalition, told weekly Bild am Sonntag.
“That’s why we’re planning to incentivize and reward citizens’ investment in climate protection via positive interest rates. For that reason we are planning to launch a climate bond with a return of 2% a year guaranteed by the state which runs until 2030.”Germany plans to cut CO2 emissions by 40% until 2020 compared with 1990 levels, and by 80-95% by 2050. It also plans to spend at least 40 billion euros in regions affected by a planned exit from coal-fired power generation.
A senior government official told Reuters earlier this month that Germany is considering ditching its balanced budget policy to help finance a costly climate protection program with new debt.
Its a 13 year bond so they never have to pay out.
Come dance with me !
'sister party'? Why are objects 'sisters'? Is it because feme persons are also seen as objects?
Oh is Merkel no longer uncontrollably shaking?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German finance minister backs plans for wealth tax: HandelsblattGerman Finance Minister Olaf Scholz is backing plans for a wealth tax his Social... Terrible idea. Such tax didn't work well in France, did it ? German irrational side in full display. Instead of boosting internal consumption and investment, especially in its infrastructure, they dragg whole Europe to recession. Interesting SenSanders ewarren KamalaHarris BetoORourke CoryBooker PeteButtigieg JulianCastro
Source: Reuters - 🏆 2. / 97 Read more »
There's Absolutely Nothing More Pure Than This German Shepherd Meeting a Golden Retriever PuppyThis is just TOO much 😍
Source: POPSUGARMoms - 🏆 117. / 63 Read more »
Thomas Middelhoff reflects on failure in German businessThomas Middelhoff’s tale of hubris resonated beyond the corporate world He followed the path of the American New Economy, which has nothing to do with german corporate culture . alllibertynews He is very honest in this book, he was always a competitive person but not greedy, that happened as he says after comparing his salary to others... then it just got out of hand. Very interesting self observation.
Source: TheEconomist - 🏆 6. / 92 Read more »
David Koch, Billionaire Conservative Activist, Is Dead at 79His influence over American politics amplified the tea party and pushed a strain of climate denial that has paralyzed efforts to take action on the climate crisis Good riddance
Source: RollingStone - 🏆 483. / 51 Read more »
Jeffrey Gundlach on Recession Odds, Bitcoin, and Why Trump Might Not Run Again'I can’t even imagine Trump running for reelection if there’s a recession in the summer of next year,' says TruthGundlach. 'I don’t understand what he could run on.' TruthGundlach he has the smartest people, the best words... TruthGundlach There’s always something he can run on as long he works up his supporters on a frenzy: Socialism is coming, scapegoating immigrants, Hillary is the puppet master, etc. TruthGundlach Racism?
Source: NYMag - 🏆 111. / 63 Read more »
Opinion | A 100-Year Treasury?From WSJOpinion: A 100-Year Treasury? With demand high, now is the time to float a really long bond. opinion Infrastructure. opinion Hey dipshits, the time was...any day since 2009, as many of us have been saying. Of COURSE you don’t support it until a Republican is President. opinion great gift for the great-great grandkids why doesn't the United States just mint one big gold coin to cover all the debt and go back to the Gold Standard?
Source: WSJ - 🏆 98. / 63 Read more »