Innovative sources of climate finance

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.

We set out the most viable innovative sources of finance in our position paper. These sources include revenues from the EU Emissions Trading Scheme, earmarked funds from a tax on financial transactions in EU Member States, carbon pricing for international shipping and aviation, as well as a levy on the extraction of fossil fuels. For our full position and proposals please go here.

In addition, CAN Europe has been supporting the on-going CSO campaign to adopt and reinforce a Financial Transaction Tax in ten EU Member States see our blog on the discussions.

Latest Publications

  • Letter from UN Secretary General urging EU leaders to ramp up climate action

    In a letter to European Council President Donald Tusk leaked by the media last week, U.N. Secretary-General António Guterres urged EU leaders to adopt a long-term vision for a carbon-neutral economy by 2050 and commit to increasing the EU's 2030 climate target to 55 percent reductions in emissions.
  • Letter to EU ministers on climate and environmental action in development funding

    Ahead of Foreign Affairs Council on 16 May, Climate Action Network (CAN) Europe, Oxfam EU, ACT Alliance EU, Conservation International and Wetlands International write to EU ministers to highlight how the Neighbourhood, Development and International Cooperation Instrument (NDICI) can support developing countries to scale up climate and environmental action and support biodiversity, fostering sustainable development.
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