Video on climate finance launched on September 16th, 2013.
Climate finance is essential to poor countries that are already being impacted by the effects of a changing climate. We are calling for European governments to start delivering their fair share of the promised funds this year, and to dedicate at least 50% of this to adaptation funding for people impacted by flooding, droughts and other consequences of climate change.
In 2009, all developed countries, including those in the European Union, committed to mobilise new and additional funds, known as Long Term Finance, to increase overall climate finance funding to US$100 billion by 2020. So far little of this has materialized, but now there is the chance for governments to start putting money on the table and keep their promises.
European Finance Ministers are meeting in October 2013, and climate finance will be one of the topics on the agenda. The meeting will take place a month before the international climate negotiations being held this November in Poland. It is essential that they make a strong commitment to delivering the public funds promised and send a signal to the international community that Europe is committed to action on climate finance.
Some countries will continue to turn their backs on the promises made unless we can show them we are watching and demand action. .
Let’s hold them to their word, stop funding fossil fuel subsidies and fund what counts!
For more information visit: www.caneurope.org/FundWhatCounts