11.11.2015 - EU missed its chance on climate finance
Finance ministers from the EU countries have adopted a position on climate finance. This is a key element in the EU strategy toward the forthcoming climate summit in Paris COP21. EU positions, or council conclusions as they formally are called, are official. It is therefore not only a mandate for negotiations, but also a message to other parties. And the message from EU is targeted poor and vulnerable countries: “We want to cooperate, you should look at us as a potential partner and ally!” The council conclusions adopted by the finance ministers includes a range of good points and references. They stress the need for scaled up climate finance, the need for special attention and support to poor and vulnerable countries, and there is a willingness to support implementation of national climate plans in developing countries. These are important matters, answering directly to concerns raised by developing countries in the UN climate talks...............................................Full Article: Source
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