BERLIN (dpa-AFX) - The traffic light coalition is cutting climate protection and transformation projects worth 45 billion euros by 2027 due to the budget crisis. The Climate and Transformation Fund remains the central instrument of the federal government for the climate-neutral transformation of the country, said Federal Chancellor Olaf Scholz (SPD) in Berlin on Wednesday. It still has a total volume of 160 billion euros. Next year alone, however, expenditure would be reduced by twelve billion euros as a result of the Karlsruhe budget ruling.

In the core budget for 2024, the traffic light coalition had to plug a gap of around 17 billion euros. "We are doing this in particular by abolishing climate-damaging subsidies, slightly reducing the expenditure of individual departments and reducing federal subsidies," said Scholz./tam/DP/mis