Climate Finance & Development

As the UNFCCC negotiations wrapped up at the newly finished World Conference Centre in Bonn, there was a feeling of slow and fractional progress towards the climate summit in Paris.

To secure a strong outcome in Paris that facilitates ambitious climate action on the ground, a key pillar will be a “finance package” that covers both the pre- and the post-2020 period. Developed countries will have to demonstrate how they are meeting past promises (in particular the $100bn target). For the period after 2020, strong provisions on finance in the Paris Agreement are needed to enable developing countries to enhance their ambition beyond what they can do on their own, laying

CAN Europe is asking for more ambition in the fight against climate change and a 100% renewables target by 2050.

The aim of this paper is to highlight both the importance and the potential of the Finance for sustainable Development (FFsD) process in advancing global efforts to tackle climate change. At present, FFsD does not specifically address climate change among or through the issues and mechanisms that are being discussed within the process – namely international public finance, domestic resource mobilisation (tax and private capital), international private finance, trade, and debt and systemic

39 non-governmental organizations urge the finance ministers attending today's G20 meeting in Istanbul to take immediate steps to eliminate subsidies for fossil fuels, and use these funds for climate action. 

According to Climate Action Network Europe, one of the signatories of