Developed countries today published a roadmap which shows how the collective goal of providing $100 billion per year by 2020 to support developing countries tackle climate change will be met.
In reaction, Maeve McLynn, Finance and Subsidies Policy Coordinator at CAN Europe said:
“The long-awaited climate finance road map is a step in the right direction towards capturing efforts to scale up much needed financial support for climate action. However, the road map remains blurred when it comes to scaling up adequate support for adaptation and loss and damage or innovative ways to generate additional public finance. Donor countries must use the positive steps made in this road map to keep their eye on the balI. Impacts of recent extreme weather events on vulnerable communities remind us that much more will be needed to ensure adequate support is provided to those who need it the most.”
ENDS
For more information contact:
Maeve McLynn, CAN Europe Finance and Subsidies Policy Coordinator, maeve@caneurope.org, +32 2893 0950
Caroline Westblom, CAN Europe Communications Officer, caroline@caneurope.org,+32 484 566 239
Notes to editors:
The roadmap is available here.
The OECD analysis of climate finance is available here.
Climate Action Network (CAN) Europe is Europe’s largest coalition working on climate and energy issues. With over 130 member organisations in more than 30 European countries – representing over 44 million citizens – CAN Europe works to prevent dangerous climate change and promote sustainable climate and energy policy in Europe.
