Climate protection foundation Baden-Württemberg starts

29.12.20 CO2 offsets of the state administration flow into foundation

The state of Baden-Württemberg is setting an example in climate protection: by 2040 at the latest, the state administration is to operate in a climate-neutral manner. The new Climate Protection Foundation supports it in this by using the interest on its share capital to promote research and development as well as educational projects in the field of climate protection. In addition, the state, municipalities, companies and all citizens can offset their CO2 emissions through compensation payments and thus become climate neutral. The cooperation partner will be the non-profit climate protection organisation myclimate Germany.

Stuttgart, December 29, 2020 - On January 1, 2021, the new Climate Protection Foundation under the umbrella of the Baden-Württemberg Foundation will officially begin its work. The Baden-Württemberg Climate Protection Foundation is endowed with a capital of 49.5 million euros and supports the state administration in its goal of climate neutrality by 2040, offsetting the CO2 emissions of official air travel of state ministries, subordinate authorities and universities. Companies, districts and municipalities as well as all citizens can also make compensation payments to the foundation. For the simple calculation and direct compensation of CO2 emissions, the state is currently having an app developed under the leadership of the Ministry of the Interior. The assets of the Climate Protection Foundation are invested sustainably by the Baden-Württemberg Ministry of Finance as part of the asset management of the Baden-Württemberg Foundation. Further information, including the foundation's statutes, can be found at Klimaschutzstiftung BadenWürttemberg - BW Foundation.

"I am very pleased that we can now get started with the Baden-Württemberg Climate Protection Foundation. We must not neglect the international climate goals even in times of the Corona pandemic - and with the Climate Protection Foundation we are making an important contribution to Baden-Württemberg," says Christoph Dahl, Managing Director of the Baden-Württemberg Foundation. "The state is thus taking on a pioneering role, as no other federal state can boast a comparable foundation."

Strategic partnership with myclimate Germany The Carbon Offset Foundation will establish carbon offset projects with its own team, into which the offsets can flow. In addition, the foundation will develop its own educational and research projects. The strategic partner will be myclimate Germany, one of the leading providers of CO2 offsetting and carbon offset consulting based in Reutlingen. myclimate Germany supports the Carbon Offset Foundation Baden-Württemberg primarily through strategic consulting, the calculation of CO2 emissions, and the implementation of CO2 offsetting. myclimate provides CO2 certificates from carbon offset projects that are certified according to the strictest quality standards and supports the Carbon Offset Foundation in the development and implementation of its own carbon offset projects, both regionally and internationally.

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myclimate Germany - Your partner for climate protection