German Top Court Rejects €60bn Climate Fund, Dealing Blow to Scholz Government

Germany's top court has ruled that a €60 billion off-budget climate fund, established to finance measures to reduce greenhouse gas emissions, is unconstitutional. The court argued that the fund, which was set up outside the regular budgetary process, violated the parliament's budgetary rights. The decision is seen as a blow to Germany's environmental policy and may require the government to find alternative ways to finance climate initiatives.