Ahead of Economic and Financial Affairs Council on 8 November, Climate Action Network (CAN) Europe called on Ministers to adopt an ambitious and forward-thinking position on climate finance for the UNFCCC COP25. The EU has a crucial role to play in advancing climate finance issues, to build trust between countries, and to support governments to implement ambitious nationally determined contributions.
To this end, we highlighted three key issues to ensure a successful outcome of the COP25 negotiations:
- The $100 billion goal and the Green Climate Fund Replenishment
- Loss and damage finance
- Alignment of public finance with the Paris Agreement