On Wednesday, MEPs approved over €116 million in EU Solidarity Fund aid to support recovery efforts in two EU countries relating to floods in 2024. The €116,031,553 in aid from the European Union Solidarity Fund (EUSF) will be distributed as follows: Germany, for floods in May 2024 in the southern part of the country: €112.1 […]
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EU secures agreement on carbon market rules and new climate finance goal
At the COP29 UN Climate Change Conference in Baku, the European Commission and EU Member States took the lead in brokering a deal to align global financial flows with the objectives of the Paris Agreement. Through the adoption of a New Collective Quantified Goal (NCQG) for Climate Finance, the EU successfully broadened the global contributor base for climate […]
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EU continues to be a global leader on sustainable finance
More than three years after the first transaction of our NextGenerationEU (NGEU) Green Bonds, the EU has issued more than €65 billion of NGEU Green Bonds, setting the EU on track to becoming the largest issuer of Green Bonds in the world. In line with the announcement of President von der Leyen in her State of the […]
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2023 among the five worst years for wildfires in Europe, Commission report shows
Last year, Europe, the Middle East and Africa suffered some of the worst wildfires since 2000. According to the Forest Fires 2023 report, published last 19 by the Commission’s Joint Research Centre, wildfires affected over 500 000 hectares of natural lands, roughly half the size of the island of Cyprus. In recent years, catastrophic wildfires […]
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COP29: EP calls for all countries to pay for climate action
Parliament on Thursday adopted its demands for COP29, which is to set a new collective target for climate action financing. With 429 votes in favour, 183 against and 24 abstentions, the House calls on all countries to agree on a new collective target on climate finance after 2025. MEPs want it to be based on […]
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Hearing with Teresa Ribera, nominee for Executive Vice-President of the European Commission
Three parliamentary committees on Tuesday examined Teresa Ribera, nominee for vice-president of the European Commission for Clean, Fair and Competitive Transition. The European Commission’s vice-presidential candidate for Clean, Fair and Competitive Transition, Teresa Ribera, was examined by three parliamentary committees on Tuesday. During her opening speech, Ms Ribera paid tribute to the victims of the […]
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Mediterranean cities and regions emphasise need for dialogue and cooperation on water and energy
Local and regional leaders from Mediterranean cities convened in Amman on 4-5 November for the Euro-Mediterranean Regional and Local Assembly (ARLEM), where they underscored their commitment to cooperation and dialogue on critical regional challenges including cultural dialogue, water scarcity and the energy transition. ARLEM’s plenary session in Amman, capital of Jordan, was co-chaired by the […]
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EU to support continued global climate action and push for ambitious finance and investment goals at COP29
At the COP29 UN Climate Change Conference on 11-22 November in Azerbaijan, the European Union will work with international partners to deliver on the goals of the Paris Agreement of limiting global average temperature rise to as close as possible to 1.5C. Climate change continues to be an issue which knows no borders, and increasingly harms […]
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Council publishes 2023 international climate finance figures
In 2023, the European Union and its 27 member states contributed €28.6 billion in climate finance from public sources and mobilised an additional amount of €7.2 billion of private finance to support developing countries to reduce their greenhouse gas emissions and adapt to the impacts of climate change. The Council published the figures today, in […]
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