Climate Finance & Development

The gap between the need for adaptation and loss and damage finance, and the current finance provided or committed is large and growing. This briefing paper identifies a number of potential new sources of climate finance. Some of these “new” sources of finance have been under discussion for a number of years, including by the High Level Advisory Group on Finance, the Leading Group on Innovative Finance and others.

Rules for implementation of the Financial Transaction Tax, which are expected to be agreed upon by 11 EU Member States on the 7th or 8th of December, can open up a new and additional source of public climate finance. This would give a strong signal to developing countries that actions are taken to continue to increase public climate finance in a predictable way and thus smooth the path towards a new climate deal in Paris.

After six days of negotiations at the UN climate summit in Paris, the baton has been handed over to environment ministers who will begin high-level discussions this week. As anticipated, a number of troublesome issues continue to cause concern among Parties and NGOs as they work within the walls of Le Bourget conference centre. Among those issues is climate finance, an infamously controversial topic where the division between developed countries and developing countries is put under

Climate change is already affecting the world’s poorest people. From cyclones to droughts, to flooding, its impacts could set the clock back and erase the progress that has been made in the global fight against poverty and inequality.

In advance of the ECOFIN Council, Climate Action Network Europe called on the Finance Ministers to guarantee a robust
climate finance package as part of a fair and transformational agreement to be adopted at COP21 in Paris.

All eyes will be on the EU Finance Ministers meeting in Brussels on November 10th to adopt the EU position on climate finance for the Paris climate summit. According to Climate Action Network (CAN) Europe, their commitment to deliver the EU’s fair share of $100 billion of climate finance annually by 2020 and to consistently scale it up after 2020 can be the make or break issue for the Paris climate agreement.

but not all that glitters is gold. Climate Action Network (CAN) Europe welcomes the fact that global finance ministers attending the joint World Bank and International Monetary Fund summit in Lima expressed their commitment to scale up climate finance. This is an essential element for a successful global agreement on climate change in Paris.

Ahead of the UN Summit in New York 25-27 of September 2015, European Civil Society Organisations working on both international and domestic EU policies across a variety of sectors ranging from Youth, Sustainability, Social Justice, Fair Trade, International cooperation, Health, Culture, Environment, Gender Equality, Migration, Climate Change, Local Democracy, Human Rights and Media Development, wrote to the Vice-President of the European Commission to call for the EU to

Climate action needs to be enshrined in the global fight against poverty and inequality. but the Financing for Development Conference in Addis Ababa failed to build strong momentum towards fossil fuel-free economies and climate resilience, argues Maeve McLynn.

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