Germany supports exports by offering guarantees for non-payment caused by economic and political factors, helping companies to secure political backing for their projects and better financing terms.
The guidelines set three categories for future projects: a positive green for projects contributing to achieving climate targets that would be eligible for government support, a neutral white for projects that do not make a significant contribution to climate goals but would still receive support, and a climate-damaging red to be excluded from such guarantees.
"These plans highlight the German governments' shameless disrespect of its international commitments and climate goals," Martin Kaiser, executive director of Greenpeace Germany, said.to stop public funding for overseas fossil fuel projects by the end of 2022.