The EU and its member states will play their rightful part in the annual $USD 100 billion promised in 2009 (COP 15) by developed countries for 2020 to climate change for mitigation and adaptation purposes and will continue this until 2025, in line with the Paris Climate Agreement (COP 21). The EU28 finance ministers confirmed this in Luxembourg on 10 October in a conclusions document for the ECOFIN Council on the financing of climate action.
The consolidated total of financial...