WWF briefing: EU climate finance and COP Paris
Addressing climate change will require two key actions from developed countries:
- a reduction in greenhouse gas emissions to keep global temperature rise between 1.5°C (ideal maximum temperature) and 2°C; and
- financial contributions for mitigation (including REDD+), adaptation and loss and damage.
The EU has an important leadership role to play in fighting against global climate change. COP21 provides the opportune moment for Europe to encourage all nations to move to energy efficient, renewable energy powered nations. EU Member states should lead by delivering on their pre-2020 finance targets, by phasing out harmful fossil fuel subsidies and establishing innovative sources of finance.