Climate Finance

Iolanda Fresnillo

COP29 and the NCQG: linking climate, debt and gender justice

The conclusion of the ongoing negotiations for the post-2025 climate goal is top of the agenda at COP29 this week in Baku, Azerbaijan. Civil society is calling on global north leaders to deliver a binding commitment, strive to re-establish trust, and recognise the owed climate debt to the global south.

  • Gender Justice
  • DEAR

Debt swaps won’t save us: the urgent need for debt cancellation and grant-based climate finance

Debt swaps for climate and conservation goals have experienced a resurgence in recent years. As COP29 negotiations kick off, they are presented as a dual solution for debt and climate issues, however they fall short in practice and pose risks that threaten to harm global south countries and communities. This briefing explains why instead of debt swaps, we need urgent debt cancellation and grant-based climate finance.

  • Climate Finance
  • Type Homepage report

Global week of action for climate finance and a fossil-free future: webinars and resources

Last week, civil society organisations mobilised online and offline during the Global Week of Action for Climate Finance and a Fossil-Free Future, calling on global north governments to meet their climate finance obligations in full. 

  • Climate Finance
Lavinia Steinfort

Fostering a global public financial ecosystem for development and climate action

The Think Tanks (T20), one of the engagement groups of the G20, recently released the policy briefs that it commissioned earlier this year, as part of the Brazilian G20 presidency. Eurodad contributed to one policy brief that advocates for a global ecosystem of public national and multilateral development banks that can serve as a pillar for democratic, accountable, and transparent finance for development and climate action. This ecosystem should be grounded in public-public collaboration, rather than in the risky over reliance on private finance that dominates much of the practices today.
  • Climate Finance
Markus Trilling

When tax justice meets climate justice - how a new global tax deal can address the climate crises

While hundreds of billions of tax revenues are lost every year due to tax dodging, the need for public climate finance becomes ever more urgent. A global tax deal can make polluters pay their fair share of taxes and for compensating the damage they cause.

  • Climate Finance
Eurodad

Joint submission from the Debt and Climate Working Group for the 11th Technical Expert Dialogue of the New Collective Quantified Goal process

The 11th Technical Expert Dialogue of the New Collective Quantified Goal (NCQG) is an important opportunity to agree on the qualitative elements of the post-2025 climate goal, including improving the quality of international climate finance flows to benefit of low and middle-income countries that already face disproportionate impacts of the climate and debt crisis.

Download the full submission

  • Climate Finance

Debt demands & debunking distractions for climate action

Coordinated by thirty member organisations of the global Debt and Climate Working Group, this briefing is launched during the Bonn Climate Change Conference (3-13 June) and the 10th Technical Expert Dialogue for the process of establishing a new post-2025 climate finance goal. 

 

  • Climate Finance
Eurodad

UN reaches global consensus on the road ahead towards a Tax Convention

#TaxJustice #UNTaxConvention #BlendedFinance #ClimateFinance #DebtJustice 

  • Climate Finance
Markus Trilling

Blackmailing the global south on EU carbon border tax won't work

Eurodad's Senior Policy and Advocacy Officer Markus Trilling explains the negative effect of the EU's Carbon Border Adjustment Mechanism' (CBAM) on countries in the global south. 

This opinion piece was first published by the EU Observer here.

  • Climate Finance
Iolanda Fresnillo

Irresponsible lending prevents the global south from escaping the debt-climate trap

Most climate finance for countries in the global south is in the form of loans that come with high-interest payments. This blog, written by Eurodad's Iolanda Fresnillo and Leia Achampong, outlines the impact of climate finance loans and why grants are essential to global south countries implementing robust climate measures.

Read the full article on Global Dev

  • Climate Finance