As EU finance ministers met to approve Council Conclusions on international climate finance at the Economic and Financial Affairs Council on Friday 10 October, CAN Europe hosted a live broadcast where a global panel of experts unpacked the EU’s approach. The panel also highlighted positive examples of climate finance from Denmark, and gave the global perspective on what is needed at COP30 to unlock public finance, shape private flows, and shift the trillions needed to tackle the climate crisis.
WATCH HERE (Live broadcasted on Friday October 10 – 13:30 Brussels time)
CONTEXT:
Climate change is increasingly impacting national and global economic systems, contributing to inflation, reductions to productivity and prosperity, and driving up credit costs for countries facing a growing debt crisis. At the same time the EU’s international climate finance is stagnating, fossil fuel subsidies have recently reached global heights, and we lack meaningful regulation to align private finance with the Paris Agreement. This demands bold solutions not incremental changes, or worse, backsliding on financial regulation.
Aligning finance flows with the Paris Agreement brings major long-term economic benefits and greater macro-economic stability. The EU’s approach to finance provision, mobilisation, and global economic governance is key to accelerating global progress to unlock public finance, shape private flows, and shift the trillions needed to tackle the climate crisis.
SPEAKERS:
- Rachel Simon, Senior Policy Coordinator, International Finance & Development, Climate Action Network (CAN) Europe
- Sigrid Bjerre Andersen, Policy advisor and thematic coordinator: Climate and sustainability – Global Focus (Denmark)
- Said Skounti, Climate Finance Researcher at Imal Initiative for Climate and Development (Morocco)
- Moderated by Chiara Martinelli, Director, Climate Action Network (CAN) Europe
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