From 10-12 November, the first summit of Public Development Banks, the Finance in Common Summit, will be held.
Climate change is a global crisis that requires a concerted, multilateral effort from all countries, regions, communities and polluting stakeholders.
Ongoing climate hazards and impacts are setting-back gains made in sustainable development, poverty eradication, and are increasing global debt. Overwhelmingly, countries and communities in the global south experience the brunt force of climate change, despite having contributed the least to it. This is a structural injustice that is impacting the ability of countries highly susceptible to climate change to pursue a debt-free, sustainable development pathway toward net-zero emission societies.
Eurodad’s climate finance work focuses on ensuring that it supports the needs of vulnerable countries and frontline communities and is grounded in impact and effectiveness. Fairness and equity are also at the heart of this work and Eurodad strives to ensure that climate finance is gender-responsive and integrates social and environmental safeguards.
Current key workstreams for Eurodad’s climate finance work are:
- Ensuring climate finance is new and additional to existing finance commitments and supports those most impacted by climate change
- Championing the use of robust transparency mechanisms to ensure the climate finance is effective
- Promoting the use of innovative finance mechanisms to increase the amount of public finance
- Supporting the creation and use of sustainable finance mechanisms to enable greater accessibility to climate finance for regional and local communities
- Ensuring finance flows are aligned with climate and environmental protections, standards and policies
- Promoting the use of policies and accounting methodologies that integrate climate risks, local needs, gender equality, women’s empowerment, and social practices
Unjust Enrichment: How the IFC Profits from Land Grabbing in Africa
Eurodad member Bank Information Center in collaboration with Inclusive Development International, Accountability Counsel, The Oakland Institute and Urgewald, have released...
Agro-Colonialism in the Congo: European and US development finance is bankrolling a new round of colonialism in the DRC
A report authored by Eurodad partners GRAIN and RIAO-RDC looks at how European and US development finance is bankrolling a...
Fool's Gold: How Canadian mining company Eldorado Gold destroys the Greek environment and dodges tax through Dutch mailbox companies
Eurodad's member SOMO has published a new report titled Fool's Gold - How Canadian mining company Eldorado Gold destroys the Greek environment and dodges...