The commitment to provide new finance in support of climate change actions in developing countries was one of the few areas where tangible progress was made at the Copenhagen COP meeting. In light of this, securing a system that supports such flows is an immediate challenge for the international community. What should Europe’s approach be to the provision of such finance?
This policy brief examines several European initiatives against a number of principles set within the UNFCCC negotiations that are meant to guide the governance of climate finance. These initiatives display considerable diversity in approach and varying degrees of compliance with the proposed principles, limiting the overall coherence of the European response.
The European Union places considerable emphasis on tackling climate change, both within Europe and internationally. Recognising that climate change is a global concern, much attention is focused on supporting developing countries. Europe has a long-standing relationship with developing countries through its programme of development cooperation and so is well placed to understand some of the challenges these countries face regarding the impacts of climate change.
As the largest contributor of official development assistance, Europe has considerable experience in delivering substantial international public finance at scale and has sought, through the Paris Declaration on Aid Effectiveness and the Accra Agenda for Action, to improve the effectiveness of aid delivery. In a similar way, the EU needs to have a credible strategy for assisting developing countries cope with climate change. Read the full publication
- EDC 2020 - Policy Brief No 15: Climate change challenges for European Development Cooperation: issues towards 2020
- EDC 2020 - Policy Brief No 14: Climate Finance in Bangladesh: Lessons for Development Cooperation and Climate Finance at National Level
- EDC 2020 - Working Paper No 13 - The New Landscape Of Economic Governance - Strengthening the Role of Emerging Economies
- EDC 2020 - Policy Brief No 12: International Public Finance to Address Climate Change in Indonesia – Lessons for the Future of European Development Cooperation
- EDC 2020 - Working Paper No 12: Climate Finance in Bangladesh: Lessons for the Development Cooperation and Climate Finance at National Level
- EDC 2020 - Policy Brief No. 10: The Challenge from Within: New EU Donors and European Development Cooperation
- EDC 2020 - Working Paper No 11: Climate Finance in Indonesia: Lessons for the Future of Public Finance for Climate Change Mitigation
- EDC 2020 - Working Paper No 9: The EU’s Interests in Central Asia: Integrating Energy, Security and Values Into Coherent Policy
- EDC 2020 - Policy Brief No.6: European Development Cooperation to 2020: Rising Powers and New Global Challenges
- EDC 2020 - Working Paper No. 6 - International Climate Finance: Principles for European Support to Developing Countries
- EDC 2020 - Working Paper No 7 - Emerging Non-State Actors in Global Development: Challenges for Europe