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

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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.

02.08.2016 | Blogs

CAN Europe, Europe's largest coalition working on climate and energy issues, is currently seeking a highly motivated and dynamic colleague to join our team in Berlin as an Energy Analyst. 

03.07.2016 | Blogs

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

03.07.2016 | Blogs

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.

01.07.2016 | Blogs

As a short-term measure the Commission postponed the auctioning of 900 million allowances until 2019-2020.

09.06.2016 | Blogs

Some market fundamentalists make that a simple price on carbon (ie an ETS) can fix everything. This is simply wrong, has been proven wrong by many studies and it will remain wrong no matter how often this myth is repeated.

05.06.2016 | Blogs

The success of the ETS revision hinges on its ability to make the polluter pay, rather than paying the polluter. Handing out free pollution permits contradicts the EU Treaty principle that polluters should pay.

05.06.2016 | Blogs

Here you find a range of useful external Turkey climate & energy resources. For all Turkey climate & energy related CAN Europe publications, go here.

05.06.2016 | Blogs

Here you find a range of useful external South East Europe climate and energy resources. For all South East Europe climate and energyrelated CAN Europe publications, go here.

Latest Publications

  • Coal is out. Are the Western Balkans in?

    Are EU member-states in Southeast Europe ready for timely and just transition beyond coal? For the Western Balkans, membership hopefuls, the question is how much longer can public subsidies and Chinese loans keep coal zombie alive at growing cost to health, livelihoods, and the environment?
  • Submission - Feedback on ENTSOS' Proposals for TYNDP 2022 Storylines

    Future energy infrastructure planning in Europe needs to be fully aligned with the Paris Agreement. CAN Europe recommends to increase variation of TYNDP 2022 storylines by assessing higher ambition of greenhouse gas emission reductions. In order to reach the 1.5°C target of the Paris Agreement, a trajectory towards net-zero emissions in 2040 should be assessed. Instead of primarily opposing “decentralised” and “global” solutions in the TYNDP 2022 storylines, at least one scenario should analyse how to prepare European energy infrastructure for a 100% renewable energy system in the most efficient way, combining the best out of both “decentralised” and “global” futures.
See All: Climate & Energy Targets