Today at an Economic and Financial Affairs Council, EU ministers discussed their commitments to international climate finance ahead of the climate summit in Katowice (COP 24).
In reaction to the council conclusions, Wendel Trio, Director of Climate Action Network (CAN) Europe said:
“It’s high time that EU finance ministers boost support for developing countries, in particular for their struggle to adapt to climate change. Scaled up financing for those countries that are at the frontline of the worst impacts of global warming is paramount to increase their resilience and put them on a pathway towards zero-carbon energy systems. The renewed commitment to gather 100 billion dollars per year for climate change adaptation and mitigation purposes, as well as the replenishment of the Green Climate Fund are steps in the right direction, but they require immediate action to ensure the EU contributes its fair share to this effort.”
“Developing countries need predictability and certainty over the amount and nature of climate finance they will receive to support their efforts to combat climate change impacts. We expect the EU to take a leadership role during the rulebook negotiations on this issue at COP 24.”
ENDS
Contact:
Nicolas Derobert, CAN Europe Communications Coordinator, nicolas@caneurope.org, +32 483 62 18 88
Notes to editors:
[1] The Climate Finance conclusions are available here.
[2] Last week, CAN Europe sent a letter calling on EU ministers to adopt an ambitious position on climate finance at the UNFCCC COP24, ahead of today’s Economic and Financial Affairs Council.
Climate Action Network (CAN) Europe is Europe’s leading NGO coalition fighting dangerous climate change. With over 150 member organisations from 35 European countries, representing over 1.700 NGOs and more than 40 million citizens, CAN Europe promotes sustainable climate, energy and development policies throughout Europe.
