Since 2008, the International Climate Initiative (IKI) of the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) has been financing climate and biodiversity projects in developing and newly industrialising countries, as well as in countries in transition. In the early years of the programme, its financial resources came from the proceeds of auctioning allowances under the emissions trading scheme. To ensure financial continuity, further funds were made available through the Special Energy and Climate Fund. Both funding mechanisms are now part of the Federal Environment Ministry’s regular budget.
The IKI is a key element of Germany’s climate financing and the funding commitments in the framework of the Convention on Biological Diversity. The Initiative places clear emphasis on climate change mitigation, adaption to the impacts of climate change and the protection of biological diversity. These efforts provide various co-benefits, particularly the improvement of living conditions in partner countries.
The IKI funds projects in the following areas:
Mitigating greenhouse gas emissions
Adapting to the impacts of climate change
Conserving natural carbon sinks with a focus on reducing emissions from deforestation and forest degradation (REDD+)
Conserving biological diversity
The projects look for innovative solutions to the challenges and develop new political, economic and regulatory approaches, as well as technological options and cooperation models. The solutions are meant to have impacts that go beyond the individual project and to be transferable.