A Recipe for transparent climate finance in the EU

Global transition

CAN Europe, Aprodev, German Watch, CIDSE and Oxfam commissioned a report in order to identify how the EU can improve the current process for monitoring their climate finance commitments.

The new report assesses how the EU can improve its current process for monitoring its climate finance commitments. It also makes recommendations for how the EU can ensure it has a transparent process in place.

Developing countries have long insisted on the need to provide financial support in a transparent and coordinated manner to enable independent review of the extent to which commitments are fulfilled, as well as maximizing the effectiveness of the funding. Moreover, transparency is vital to ensuring that the funds are equitably distributed over all developing countries in need of support, with priority for the most vulnerable developing countries.

The report explores different ways to improve the current system of Measuring Reporting and Verification (MRV) of international climate finance, with a focus on what the EU can do.

The European Commission has made a proposal for a new regulation for monitoring and reporting of climate finance, called the Monitoring and Reporting Mechanism (MMR).  The new CAN Europe report seeks to provide specific recommendations to feed into this legislative process.

Download  CAN Europe: A Recipe for transparent climate finance in the EU (May 2012)



EU Parliament Scoreboard​: Protectors, Procrastinators & Prehistoric Thinkers

New in-depth data research from five leading climate and environment organisations reveals that only a minority of MEPs during the 2019 – 2024 mandate acted to protect Europe’s climate, nature and air quality. The majority of MEPs acted instead as either procrastinators or prehistoric thinkers, delaying real action with patchy and inconsistent voting records, or worse, completely failing to rise to the challenge of the crises Europe is facing.

Read More »