Baku (Eurotoday) – In his closing remarks, EU Commissioner, Wopke Hoekstra said that COP29 will usher in a new era of climate finance.
The 2024 UN Climate Change Conference was concluded in Baku, Azerbaijan. The event has assembled world leaders and negotiators from the member states (or Parties) of the UN Framework Convention on Climate Change (UNFCCC) to further global improvement, with business leaders, young people, climate scientists, Indigenous Peoples, and civil society sharing insights and best practices to support global, collective and inclusive climate action.
What steps is the EU taking to boost climate financing?
The European Commissioner highlighted that
“the European Union and its Member States will continue to play a leading function in this process. We have performed actively with all participants to significantly improve the volume of financing. We have tripled the target of 100 billion dollars and consider this target ambitious, necessary, realistic and achievable,”
he stated.
The European Commissioner emphasised that all countries with the capacity should assist in climate financing.
Further, Wopke Hoekstra stressed
“We are working hard to support those who are most vulnerable. Access to finance will be easier, and we have agreed to increase funding for adaptation measures. This is especially important since public funds are the key driver in this area.”
blank” rel=”noopener”>Hoekstra concluded by stating that increasing the donor base voluntarily is a crucial step, given the scale of the problem,
“We also see a historic increase in the role of multilateral development banks in supporting this transition, which in turn will attract significantly more private funds. This is the approach we need to achieve the $1.3 trillion target.”
Moreover, among the critical priorities of COP 29 are securing a new plan on climate finance, ensuring every country has the standards to take much stronger climate action, cutting greenhouse gas emissions, and building resilient communities.
Comments
2 responses to “Wopke Hoekstra Highlights the EU’s Role in Climate Action”
-
Just what we needed, another grandstanding speech about climate finance that’ll probably end up gathering dust like the last one. 🙄 At this rate, we might need a second conference just to discuss how we’ll manage to not manage anything at all! 🍷
-
Oh great, another ambitious climate plan—just what we needed! At this rate, I might start charging the EU for my own hot air emissions! 😏💨
Last News
OneTaste at the Human Rights Council: Legal Categories Blurring into Belief Policing
A UN submission examines the expanding scope of trafficking law and its effects on spiritual leadership.
After completing the first academic study of the American organization OneTaste with María Vardé for the scholarly online encyclopedia World Religions and Spirituality Project (WRSP), I have taken a keen interest in the written submission by the ECOSC-accredited NGO CAP LC for the 62nd sessio
Un think tank pro-Orbán suspendu du registre de transparence européen
Why Plutonium Is Not the Quick Solution to America’s Nuclear Fuel Challenge
UNITED STATES, June 15 – Brussels Morning Newspaper — plutonium nuclear fuel has returned to the spotlight as policymakers and energy experts debate how to strengthen America’s long-term nuclear energy supply. While some advocates point to plutonium as a possible future fuel source, specialists warn that the material presents major technical, economic, and security challenges that prevent it fro
UN Calls on Global Community to Remember Rohingya Refugees Amid Aid Reduction Threats
Kyiv Cathedral Hit by Russian Drone Strikes Overnight
“What more must the Kremlin Antichrist do for the world to realize that decisive action must be taken to end Russian terror against Ukraine and the very principles of peace?” he wrote on X.
Presi
“Growing sense” that Europe cannot rely on the U.S. for security – survey
Public support for expanding the EU eastwards is “slipping,” says a major new survey.
It found that majorities in most countries continue to view war torn Kyiv either as an “ally” or a “necessary partner”.
However, there is “markedly less enthusiasm and consensus” on subjects of long-term support such as sending peacekeeping troops to Ukraine after the war and expanding the EU eastwards.
One of
Germany and Curaçao Open a World Cup Story About Scale
The four-time champions start off in Houston against the smallest nation ever to qualify for the tournament
Germany’s World Cup kickoff against Curaçao in Houston goes beyond a clash between a European powerhouse and a newcomer. It serves as an early gauge of the expanded tournament’s potential: pressure for established teams, exposure for smaller football nations, and a reminder of
Bardella warns Brussels he won’t moderate
CPMR Applauds EU’s Ambitious New Islands Strategy
The initiative, unveiled on Wednesday, marks the first attempt to give Europe’s islands and coastal areas a more coherent policy framework.
The European Commission formally adopted two dedicated strategies, one for EU islands and one for EU coastal communities.
This sets out for the first time a coordinate
Leave a Reply