FILE PHOTO: German Chancellor Angela Merkel delivers a spech at the start of the second day of the 10th Petersberger Klimadialog climate conference in Berlin, Germany, May 14, 2019. Tobias Schwarz/Pool via Reuters
BERLIN (Reuters) - German Chancellor Angela Merkel's coalition government is split over the creation of a climate foundation that would aim to attract funds from citizens by issuing 'green bonds' with state-subsidised interest rates.
Economy Minister Peter Altmaier, a close Merkel ally, has floated the idea of such a climate foundation into which Berlin could initially inject 5 billion euros (4.5 billion pounds) and then 1 billion euros per year.
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