16.11.2016 | Blogs

A monthly update on policy development, campaigning and communications

26.10.2016 | Blogs

Today, a consortium of NGOs led by CONCORD Europe jointly published its ‘AidWatch’ report which tracks aid from EU Member States to developing country partners, as part of their international commitment to address global poverty and inequality through financial support. The report seeks to enhance the transparency and effectiveness of financial flows towards enhanced and sustainable development. This year, the report has included a section on climate financing as part of overall development flows.

24.10.2016 | Blogs

In July 2016, the European Commission published their proposal for a regulation for CO2 emissions form the land-use (LULUCF) sectors.It contains three different ways of accounting for emissions or removals. We explain what they are and why having such a mixed bag isn't good.

18.10.2016 | Blogs

'Ending Fossil Fuel Subsidies in Europe' Newsletter No.2 - October 2016:

A monthly update on policy development, campaigning and communications

18.10.2016 | Blogs

The Global Wind Energy Council, representing wind energy industry worldwide published its bi-annual flagship Global Wind Energy Outlook 2016 today.

20.09.2016 | Blogs

'Ending Fossil Fuel Subsidies in Europe' Newsletter:

A monthly update on policy development, campaigning and communications

01.09.2016 | Blogs

 

On this page you find civil society organisations' reports and other publications related to the issue of shifting financial flows and fossil fuel subsidies. For all shifting financial flows and fossil fuel subsidy related CAN Europe publications, go here.

01.09.2016 | Blogs

 

Here we collect a sample of the media coverage of the topics shifting financial flows and fossil fuel subsidies. 

 

EU

December 2017 - January 2018

The Parliament Magazine (EU): EU must stop subsidising fossil-fuels infrastructure. “The European Fund for Strategic Investments is funding dozens of carbon-intensive projects, at the expense of genuinely sustainable infrastructure, argues Anna Roggenbuck.”

- The Guardian (United Kingdom): EU announces €9bn in funding for climate action. “EU funds will be focused on clean energy, and sustainable cities and agriculture, with Bill and Melinda Gates Foundation also pledging $300m towards climate adaptation.”

- Sun and Wind Energy (Germany): EU fails to eliminate fossil fuels from the Juncker Investment Plan. “Markus Trilling at Climate Action Network Europe, said: “We welcome the climate target for EFSI 2.0. But to be in compliance with the Paris Agreement, all EFSI projects have to be assessed against their long-term climate impacts.”

- Euractiv (EU): Room for hope at Macron’s One Planet Summit. “A number of initiatives targeting the global transition away from fossil fuels have been established over the last two years, and most recently at the international climate summit in Bonn.”

- ExecReview (United Kingdom): ‘Death spiral’: half of Europe’s coal plants are losing money. “Air pollution and climate change policies are pushing coal-fired electricity stations to the brink, says a new report. Closing them would avoid €22bn in losses by 2030.”

- Euractiv (EU): Europe is not fighting hard enough to keep out coal subsidies. “To prevent coal subsidies, the European Commission proposed a CO2 threshold for power plants to receive public subsidies. However, due to last minute edits from current EU President, Estonia, the door will be open for existing high-carbon power plants to receive public money to stay online, writes Kathrin Gutmann.”

- Windkraft (Germany): Estonia makes surprise push for coal subsidies. “The coal industry and those governments dragging their feet on climate actions love nothing more than the idea to use public money to keep dirty plants open for another few decades. This last minute change of heart from Estonia is indefensible and biased towards coal lobby interests,” said Joanna Flisowska, Coal Policy Coordinator with Climate Action Network (CAN) Europe.”

- Euractiv (EU): The Brief: EU goes Jekyll and Hyde on climate and energy. “How can the Commission call on the EIB to grant €2bn to a mega gas pipeline and then release a report urging the member states and the same bank to do more to reduce subsidies for fossil fuels?”

- Climate Home News (United Kingdom): EU commission urged bank to support Azerbaijan gas pipeline. “Loans to the pipeline from the EIB and EBRD would qualify as fossil fuel subsidies, said Shelagh Whitley, a leading researcher on the issue at the Overseas Development Institute.”

01.09.2016 | Blogs

 

'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.

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EU Budget

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Fossil Fuel Subsidies

Climate Development

Climate Finance & Sustainable Development



31.08.2016 | Blogs

EU decision makers are currently discussing how to reform the EU ETS for the post 2020 period. In July 2015, the European Commission released its proposal on the reform.

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