Next month, the European Investment Bank will begin deliberations of the second phase of its Climate Bank Roadmap. In a joint-letter 19 civil society organisations have urged the Board of Directors to ensure that a Just Transition is at the heart of this strategy.

Despite the accelerating global climate breakdown, the promises of impactful climate finance remain largely unmet. Global north countries hide behind the excuse that there is not enough public finance available, but as this blog highlights, there is actually plenty of money out there.

This blog has been prepared by Latindadd, Eurodad, CAN International, INESC, WEDO, Financial Transparency Coalition, WWF Brazil, OXFAM, Christian Aid and CCFD-Terre

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Fifty days ahead of the 4th UN Financing for Development Conference (FfD4), a coalition of nine EU NGOs are launching the campaign “Era of Justice” to show how the multiple crises our world is living are deeply interconnected and to call on governments to take decisive action.

#UNTaxConvention #COP29 #FfD4 #EurodadIC25

#COP29 #PayUpforClimateFinance #Aid #FfD4 #EurodadIC25

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.

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.

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. 

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.