EU has launched the new phase of the Global Climate Change Alliance partnership between the EU and the most vulnerable developing countries to fight climate change.
The EU Commissioner for International Cooperation and Development, Neven Mimica, has launched a new phase of the Global Climate Change Alliance (GCCA), called Global Climate Change Alliance plus (GCCA+), which will run until 2020. The GCCA+ is set to become one of Europe’s key tools to assist the world’s most vulnerable developing countries in addressing global climate change.
Around €350 million of EU funds will be made available until 2020 for the GCCA+, in addition to the private and national public investments that this financial support is expected to leverage.
Commissioner Neven Mimica said: “It is a top priority for the EU to assist the most vulnerable countries in their efforts to adapt to climate change and at the same time to transit to green and sustainable economies. There are encouraging success stories which we will replicate and take further over the next years.”
Climate Action and Energy Commissioner Miguel Arias Cañete said: “This is a great initiative which shows that EU is scaling up climate finance to help the most vulnerable countries take action against climate change. And it also sends a clear signal ahead of Paris: the EU stands by its commitments and is ready to continue to do its part.”
This announcement comes ahead of COP21 Conference, when global leaders from around the world will gather in Paris in December 2015 to reach an agreement tackling one of the most pressing issues of the 21st century – climate change.
Source: Europa.eu
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