JENA, Germany – Economy Minister Robert Habeck has expressed concern over the consequences of the transfer of funds back from Germany’s Climate Transformation fund following a top court ruling. The 60-billion-euro in funds had leveraged far more capital than previously anticipated, and their loss to the economy could be even greater if investments were not made now.

Habeck spoke at a news conference in Jena on November 21st, where he emphasized the significance of these funds. He said that they are not an add-on that can be carelessly discarded, and that their loss would have significant consequences for the economy. He also expressed concern about how to set up the budget in light of the court ruling and the missing funds.

Transport Minister Volker Wissing also commented on the ruling, emphasizing the need to re-evaluate and check budget prioritization in light of its consequences on government funds. Wissing stated that this reassessment must take place immediately, and he could not anticipate the exact result at this time.

Reporting by Riham Alkousaa