COP27 only delivered one part of the climate finance puzzle, namely a Loss and Damage Fund. Developed countries need to step up their efforts to repay the climate debt so all countries are able to pursue sustainable development.
Leia Achampong
The clarion call for climate finance at COP27
The UN Climate Conference (COP27) is currently taking place in Egypt. Tackling climate change requires a global effort; so it is crucial that the quality and quantity of international climate finance for countries in the global south is strengthened. Two key markers of success at COP27 are whether countries agree to a Loss and Damage Finance Facility, and whether the post-2025 climate finance goal will cover loss and damage.
- Climate Finance
Six recommendations to ensure the new global climate finance goal is effective
We sent six recommendations to the UNFCCC so that the new post-2025 climate finance goal (NQCG) effectively helps deliver on the Paris Agreement.
- Climate Finance
- NQCG
Where do things stand on the global US$100 billion climate finance goal?
Developed countries provided and mobilised US$ 83.3 billion in 2020 in climate finance, an increase on previous years but still a long way from the US$ 100 billion climate finance goal set in 2009. In this article, we take a look at the most recent data to assess where things stand today.
- Climate Finance
- Global Processes
- NQCG
Efficient, Equitable and Effective High-Quality Climate Finance: Recommendations for the post-2025 global climate finance goal
One of the main outcomes of COP26 is the process to agree a new collective quantified goal on climate finance (NCQG). In order to facilitate deliberations and an exchange of experiences and best practices, several public consultations have been organised. This is Eurodad's August 2022 submission to the UNFCCC.
- Climate Finance
- Global Processes
Q & A: The future global climate finance goal (aka NCQG) - what is it, why is it important and what does it entail?
One of the main outcomes of COP26 is the process to agree a new global climate finance target. In the following Q&A, Eurodad's climate finance expert answers some of the most frequently asked questions about the new collective quantified goal on climate finance.
- Climate Finance
- Global Processes
Skilling up on UNFCCC COP processes
This toolkit has been designed for those who are new to the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) processes.
- Climate Finance
- Global Processes
The EU's Climate Diplomacy priorities focus on solutions from the past to address current climate finance challenges
Ahead of the UN climate conference (COP27) - the first to take place in Africa for five years - European Union (EU) Foreign Ministers have published their 2022 Climate Diplomacy priorities. These priorities help us understand the level of EU ambition, and the direction the bloc will take in various negotiating spheres throughout the year.
- Climate Finance
Skilling up to Scale up: A guide to COP26 for development finance organisations
This toolkit aims to inform those who are new to COP processes and provides suggestions on how to engage in COP26. Specifically, this toolkit explains what the United Nations Framework Convention on Climate Change (UNFCCC) is, looks at the Agreements that operationalise the Convention and covers some of the many technical bodies of the UNFCCC.
- Climate Finance
New figures on climate finance: The good, the bad, the disturbing and what's missing
Analysis of the 2019 Climate Finance data released by the OECD shows developed countries are still falling short of meeting the US$ 100 billion per year climate finance goal.
- Climate Finance
- IFIs