Climate change: The European Union towards COP21 and beyond

Developing countries – especially the most vulnerable – need a robust deal at the 21st Conference of the Parties (COP21) in Paris, as well as an ambitious action plan to ramp up action afterwards. The European Union (EU) can help finalise the deal by offering more in the key negotiating fora, especially on adaptation support and finance. But the real work will begin after Paris.

As COP21 gets underway, this latest ETTG briefing looks at the challenges and opportunities for EU climate action at COP21 and beyond.

While the EU must support developing countries with mitigation and adaptation, climate change and energy have become central issues in foreign and security policy, and the EU needs to look beyond 2030 and focus on sustainability issues up to 2050, both within Europe and beyond its borders.

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Donors, implementing agencies and DFI/PDB cooperation. EBRD and donors comprehensive coordination

The European Bank for Reconstruction and Development (EBRD) has longstanding experience in coordinating and working with donors. The EBRD relationship with donors takes different forms, such as co-financing (e.g., grant support, concessional finance and guarantees), technical assistance and policy dialogues. The focus ranges from strategic considerations to more concrete actions. The relationship can be materialised through donor facilities, such as the Green Climate Fund, or through EBRD-established multi-donor funds, agreements with bilateral donor countries, such as the United States, Switzerland and Japan, or collaborations with the European Union (EU), for example, involving the European Commission and several EU member states.

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