Climate Development

Climate Finance and Development

Climate Finance

A key piece to the climate and sustainable development puzzle is the role of international financial support and means of implementation, which are needed to address climate crises. As the number of challenges posed by climate change grow, so must the level of support which is going to the people who are impacted.

An international agreement to provide climate finance has been established to do just that. While development funding continues to assist actions on issues such as health, education and governance, climate finance should be delivered to help countries take on more recent problems directly associated with climate change. As set out in the United Nations Framework on Climate Change (UNFCCC), the provision of new and additional resources for enhanced action on mitigation, adaptation, technology development and capacity-building should be delivered to enhance climate action.

Bearing in mind the needs and commitments set out in the climate convention, it is essential that the EU ramps up its support for developing countries, both to enhance key development goals and to build climate change resilience and adaptation on the ground. This support is key to ensure that people can meet their development needs through low-carbon solutions.

Sustainable Development

Throughout the twenty-first century, sustainable development has become one of the most common terms among international negotiations and meetings. The term, which applies to both developed countries and developing countries, implies a whole new approach that places more value and emphasis on the natural environment and the global public goods and services which are essential to our economies. It stipulates that countries must integrate more environmentally viable methods to overall economic and social development plans, and not neglect the planetary boundaries and natural resource constraints that our world is facing. Among those many challenges is climate change; both tackling the causes of it while addressing the threats it poses to the development, stability and safety of all countries. Climate change and sustainable development are intrinsically linked; it cannot be emphasized enough that without acting on climate change, global development objectives will be reversed, and without pursuing development pathways that are truly sustainable, we will not avoid runaway climate change.

These challenges are especially pronounced in developing countries where communities are striving to protect their livelihoods and well-being from climate change impacts whilst also seeking to gain more economic and social stability from ambitious development pathways. In developing countries, key aspects of sustainable development are severely undermined by climate change impacts. In addition, many people still lack equitable access to scarce natural resources, including safe and sustainable energy. The EU’s international policies need to address climate change and sustainable development in an integrated manner, where protection from climate impacts and supporting the development needs of partner communities should go hand-in-hand through the EU’s international partnerships.

In developed economies, such as the EU, sustainable development should translate into ambitious domestic policy that drastically move our economies away from high-carbon consumption. This shift needs to happen across numerous sectors in the EU; from energy to agriculture, and from finance to infrastructure.

 

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Climate Finance & Fossil Fuel Subsidies Infographics

The following visuals were developed for our Climate Finance & Fossil Fuel Subsidies campaigns. Read More

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CAN Europe Post-Paris Briefing on the Financial Transaction Tax

The briefing on the Financial Transaction Tax was developed in spring 2016 to give a brief overview and update on the Financial Transaction Tax and its relevance for EU climate policy after the UNFCCC international climate agreement that was made in Paris in December 2015. Read More

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Agenda 2030: The Sustainable Development Goals

Agenda 2030, agreed in 2015 at the UN General Assembly, has anchored a set of 17 goals and associated 169 targets that will act as the successors to the Millennium Development Goals (MDGs). Read More

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The concept of Climate Finance

The origins of the concept of climate finance in the context of the UN climate negotiations and the UNFCCC Agreement to provide it. Read More

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Building on one of the assertions made in the Copenhagen Accord – ‘including alternative sources of finance’ – CAN Europe believes that the EU could lead a more ambitious way to increasing its climate finance support through implementing a number of measures that would generate revenues for EU governments. Read More

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Useful Climate Finance & Development Resources

Here you find a range of useful external climate finance & sustainable development resources. Read More

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