Financing climate policy in developing countries

In order to demonstrate that the EU is seriously committed to helping developing countries, real numbers have to be offered on the long-term financing of the climate policy.

The EEB welcomed the announcement of 7.2bn euros that the EU will put on the table for the “fast start” financing for three years starting from 2010 for developing countries to address urgent adaptation needs. However, significant attention is also urgently required for the longer term. So far, no figures have been offered for the longer term financial assistance, already recognised by the EU to be around $100bn a year by 2020. In order to demonstrate that the EU is seriously committed to helping developing countries, real numbers have to be offered.

Many development NGOs have said a contribution from Europe of at least 35bn euros a year by 2020 is required. Essential to this is clearly stating that this money is new and additional to ODA commitments, predictable and binding. Management of such funds must be equitable and transparent with fair representation from developing countries. If developed countries are calling for transparency on the mitigation actions of the rapidly industrialising countries, they in turn must also demonstrate transparency to ensure the money offered is truly new and additional.

The EU must also push other developed countries to do the same.

The EEB urges the Polish Presidency to:

• Set in place the annual 2.4bn euros EU contribution to the ”fast start financing”, new and additional to existing commitments and made available with immediate effect.
• Set clear figures on the EU contribution, at least 35bn euros a year by 2020, to go directly to developing countries for mitigation and adaptation support. This supportmust be new, additional to ODA commitments, predictable and binding.

www.eeb.org/?LinkServID=E539100D-C605-5287-B046180EA05FE1C2&showMeta=0

Europe;Afrique;Asie;Océanie;Amériques

financement du développement;politique de coopération