Rules for implementation of the Financial Transaction Tax, which are expected to be agreed upon by 11 EU Member States on the 7th or 8th of December, can open up a new and additional source of public climate finance. This would give a strong signal to developing countries that actions are taken to continue to increase public climate finance in a predictable way and thus smooth the path towards a new climate deal in Paris.
The Ministers attending the high-level segment of the UN climate talks in Paris starting today need to ensure that the Paris agreement does not lock us on a path to catastrophic 3°C warming.
Read more: Ministers need to move off the 3-degree warming pathway
Denmark’s government U-Turn on ambitious climate targets earned the country the shameful 1st place Fossil of the Day Award at the Paris climate summit today. The dubious award was handed down to Denmark for stating that it will reduce its ambitious climate targets and nearly halve financial support provided to empower developing countries in their efforts to tackle climate change.
Read more: Former champion of climate action wins Fossil of the Day Award at COP21
Europe’s political leaders must dramatically ramp up efforts to phase out polluting coal plants if they are serious about preventing dangerous climate change, a new report shows.
Read more: Europe needs coal clampdown to stop dangerous climate change
Governments from Africa, Asia, the Caribbean, Latin America and the Pacific, united in the Climate Vulnerable Forum (CVF) representing countries highly vulnerable to climate change, published today a joint declaration, demanding that the Paris agreement includes a global goal consistent with keeping temperature rise below 1.5°C. They are calling for full decarbonisation and 100% renewable energy production globally by 2050.
Read more: Most vulnerable countries call for full decarbonisation by 2050