Climate Targets

Finance

 

'Public finance in Europe should catalyse the transition away from fossil fuels and towards 100% renewables and fully energy efficient economies'

 
In 2016, the EU and its Member States ratified the Paris Agreement, demonstrating their ambition to limit global temperature rise to 1.5°C. The Paris Agreement stipulates that financial flows need to be made “consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” The Paris Agreement requires major overhaul of not just climate and energy policies in the EU, but also financial policies and investments to ensure a shift in support away from fossil fuels and instead towards a renewable energy, energy efficiency and climate resilience. 

CAN Europe works to ensure public financial flows in Europe are shifted away from fossil fuels and towards renewable energy and energy efficiency. This entails ending fossil fuel subsidies, making sure that the EU budget catalyses the transition away from fossil fuels and that EU’s financing facilities, policy tools and development banks undergo ambitious reforms that lead the way in the transition of the EU economy away from fossil fuels.

banner eu budget2

EU Budget

FussilFuelSubsidies

Fossil Fuel Subsidies

Climate Development

Climate Finance & Sustainable Development



 Contact

 

MAEVE

Maeve McLynn
Finance and Subsidies
Policy Coordinator
maeve/at/caneurope.org
+32 2 893 0950

Markus Trilling
Finance and Subsidies
Policy Coordinator
markus/at/caneurope.org
+32 2 894 4688

Nicolas

Nicolas Derobert
Communications Coordinator
Nicolas/at/caneurope.org
+32 2 894 4673

RACHEL2

Rachel Simon
Network Outreach Officer
rachel/at/caneurope.org

Latest publications

See All: Shifting Financial Flows