At a pledging conference in Paris today, seven European countries confirmed their commitment to double their previous contributions for the Green Climate Fund replenishment. But some other European governments continue to dodge their responsibility.
Today EU employment and social policy ministers adopted underwhelming conclusions of ECA’s latest report on the state of play in renewables progress, without committing to concrete actions to revive the boom of renewable energy.
Read more: Member States must urgently increase ambition on renewables
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The new president of the European Commission von der Leyen has made the European Green Deal a top priority for the European Union. Her political commitments put a strong emphasis on how EU funds can further support the clean energy transition in line with a more ambitious climate policy. The future EU budget, which will be discussed by EU leaders this week, must translate this ambition into a reality.
Read more: EU leaders can land the European Green Deal in the EU budget
According to draft conclusions of the European Council, EU leaders meeting today and tomorrow look forward to a proposal from the European Commission to establish a Just Transition Fund.
Read more: Just Transition funding needs to support real transitions
The European Parliament voted today for an increase of climate action spending in the next EU budget, calling for a quantum leap in financial efforts in order to achieve the Paris Agreement goals.
Read more: European Parliament calls for a quantum leap in EU financial support for climate action