Conclusies ECOFIN over klimaatfinanciën (en)

COUNCIL OF THE EUROPEAN UNION

Council conclusions on climate finance - fast start finance

3238th ECONOMIC and FINANCIAL AFFAIRS Council meeting

Brussels, 14 May 2013

The Council adopted the following conclusions:

"The Council:

• 1. 

  NOTES the EU and its Member States' commitment to provide EUR 7.2 billion cumulatively over the period 2010 - 2012 to fast start finance; UNDERLINES that despite the difficult economic situation and tight budgetary constraints, the EU and its Member States have more than fulfilled their commitment by allocating EUR 7.34 billion to fast start finance;

• 2. 

  DORSES the official report on fast-start financing by the EU and its Member States for 2012 which concludes the period of fast-start financing; CONFIRMS that in the year 2012 a total of €2.67 billion has been allocated by the EU and its Member States to meet its FSF commitment, with 48% of the total to fund mitigation action, 28% to support adaptation efforts, 12% to support action to reduce deforestation and forest degradation in developing countries and 12% to cross sectoral activities and activities that cannot be strictly categorised; NOTES that capacity building has been a major aim of the finance provided and that the investments in enhanced capacity are expected to help boost tangible results in mitigation as well as increase the return on further investments in adaptation; REQUESTS the Commission to update the data in the Fast Start Finance report as appropriate in order to reflect any further information received before the submission to the UNFCCC; UNDERLINES the need of continuing to work actively towards common internationally agreed standards for Monitoring Reporting and Verification of climate finance flows; CONFIRMS its commitment to continue to report on the flows of climate finance in accordance with the decisions of the UNFCCC in Doha

WELCOMES the progress made at the COP 18 in Doha towards the goal of adopting a global legally-binding agreement to tackle climate change, applicable to all by 2015; UNDERLINES the importance for the EU, together with other developed countries, of continuing to provide support beyond 2012 as set forth in the Doha decision and; REITERATES that in this respect the EU and its Member States are continuing to provide climate finance support after 2012 ; RECALLS that a number of Member States have already announced total voluntary contributions of EUR 5.5bn to climate finance from their respective financial provisions; WELCOMES the agreement to extend the work programme on long-term finance in 2013 which is expected to provide useful input towards the identification of pathways for mobilizing the scaling-up of climate finance in the context of meaningful mitigation actions and transparency on implementation and, WELCOMES the invitation for submissions from developed country Parties to the UNFCCC in September 2013; COURAGES further analytical work on public interventions to engage private sector participation for adaptation and mitigation activities;

RECALLS the Council Conclusions on climate finance of November 2012; REITERATES in this respect that the EU and other developed countries should continue to work in a constructive manner towards the identification of pathways for scaling up climate finance from 2013 to 2020 from a wide variety of sources, public finance and private sector finance, bilateral and multilateral, including alternative sources of finance, as needed to reach the international long term committed goal of mobilising jointly US$100 billion per year by 2020 in the context of meaningful mitigation actions and transparency on implementation; STRESSES the need for fair burden sharing amongst developed countries and REITERATES its call for emerging economies to contribute to financing of adaptation and mitigation of climate change in line with their respective responsibilities and capabilities."