Focus on climate crisis
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Reporting on climate change is one of the major journalistic challenges of our time. The climate crisis is also one of the most important issues of humanity for SPIEGEL. For this reason, we support an international initiative that seeks to take a look this week: "Covering Climate Now" was initiated by the Columbia Journalism Review and the Canadian newspaper "The Nation", with more than 200 media companies around the world, including the Guardian, El País, La Repubblica, The Times of India, Bloomberg or Vanity Fair. SPIEGEL is dedicating the cover story of the current issue to the climate crisis this week and every day pays special attention to mirror.de
From the late afternoon, the tips of the CDU, CSU and SPD advise on the climate package, there are still many unresolved issues - but it will be expensive in any case: Between 40 and 50 billion euros it will be in the next four years, you can hear , Debated is now between the coalition partners an idea that, according to SPIEGEL information at two GroKo parties sympathies: to use money from the fund to dismantle nuclear power plants.
The "Fund for the Financing of Nuclear Waste Disposal", also called KENFO, which was set up in June 2017, is filled with 24.1 billion euros, and the money was paid into the corresponding foundation by the operators of the 25 German nuclear power plants.
Both leaders of the SPD and CSU can imagine using KENFO funds to finance the climate package. Vice-Chancellor and Federal Finance Minister Olaf Scholz should have developed the idea some time ago, in the leadership of the CSU-Landesgruppe they are reported to meet with approval.
One could hear, according to government circles, that KENFO money is used primarily to finance the necessary billions of investments in grid expansion for renewable energies. By 2030, the electricity share of renewables should be 65 percent, among other things, because of the sluggish network expansion, it is still far away. The funds needed for the decommissioning of nuclear power plants, such an idea, could be put into the budget as future commitments.
Federal Ministry of Economics opposes the plans
According to SPIEGEL information, however, there is resistance to the plans from the responsible Federal Ministry of Economics. The examination of the house has revealed, it says there that the KENFO capital "outside the access rights of the Ministry of Finance" lie. Minister of Economic Affairs is the CDU politician Peter Altmaier.
The financing of the climate package is also so difficult because the Union and Social Democrat Scholz on the black zero, ie the renunciation of new debt. Otherwise, the Federal Government could raise billions of euros over new loans in the years to come within the framework of the debt brake laid down in the Basic Law.
In the discussion is also a so-called Klimaanleihe with citizens, which would be provided with a fixed interest of two per cent. On the other hand, it suggests that it would be much cheaper for the government to raise new debt given the current zero or even negative interest rates.
In a climate package draft of the federal government of Monday evening, which is the SPIEGEL, appear under the heading "fiscal policy" both the KENFO and a "green" federal bond.
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