Brussels European Council - Presidency Conclusions, December 2009

Sectors : Adaptation, Climate change financing, Mitigation and low carbon growth
Organisation : EU
Date made: 
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Commitments in: Climate Change - Climate change financing

“IV. The Copenhagen Conference on climate change

...37. The Copenhagen Agreement should include provisions on immediate action, starting in 2010. The European Council acknowledges that this requires scaled up financial support. Fast-start international public support should imply specific and separate support for adaptation, mitigation, including forestry and capacity building, with a special emphasis on vulnerable and least developed countries. The EU calls on developed countries to announce their contributions to such support, in line with the October European Council conclusions. The EU is confident that a global amount of EUR 7 billion annually will be reached. The EU and its Member States are ready to contribute with fast-start funding of EUR 2.4 billion annually for the years 2010 to 2012.

38. In addition, the European Council recognises the need for a significant increase in public and private financial flows to 2020 and reiterates its conclusions of October 2009. In that context the European Council reconfirms its commitment to provide its fair share of international public support.”