In our submission CAN Europe assesses the effectiveness of the instruments with relevance to climate change. In short, the Development Cooperation Instrument has made a substantial impact on addressing longer term sustainable development needs in the EU’s partner countries. But there is concern that coherence and synergies can be better explored and identified in regard to objectives on the environment and climate action. The European Development Fund is currently inadequate and will need to enhance how it supports country-level actions. The Instrument of Pre-Accession Assistance priorities and projects are relevant, however more needs to be done to ensure coherence across different IPA II sectors. The Partnership Instrument for cooperation with third countries has proven useful and has outstanding potential if the ‘EU’s mutual interests’ are defined more broadly.
CAN Europe also emphasises the importance of the minimum of 20% climate target commitment being fulfilled. All future EU financing instruments, both internal and external, should be crafted with the backdrop of long-term zero-carbon and climate resilient development objectives.
Find our submission in full below:
Submission to Public Consultation on External Financing Instruments of the European Union