On Tuesday 4 October, the Council of the European Union adopted conclusions on climate finance ahead of the 27th United Nations Climate Change conference (COP27) in Sharm el Sheikh, Egypt, held from 6 to 18 November.
In particular, the conclusions reaffirm the commitment of the EU and its Member States to the collective target agreed by developed countries to mobilise $100 billion per year until 2025 to finance climate action.
In light of the backlog (see EUROPE B12793A3), the EU...