Climate change will alter the basis of economic activity in Germany. It will therefore also affect public finances. On behalf of the Federal Ministry of Finance, the Ecologic Institute and Infras explored the extent to which the economic impacts of climate change might threaten the sustainability of public budgets in Germany. The results indicate that, in the event of unabated climate change, additional costs and revenue losses could amount to 0.6 to 2.5 percent of GDP. The Final Report is now available on our website.