This policy brief analyses policy convergence and divergence between Europe and Africa in the field of climate and energy and identifies areas for further policy debate beyond COP27. Specifically, it examines cooperation efforts and challenges in two areas: hydrogen and JETPs.
British International Investment (BII) is the United Kingdom’s development finance institution (DFI). It is entirely owned by the UK government
The European Bank for Reconstruction and Development (EBRD) has longstanding experience in coordinating and working with donors. The EBRD relationship
The Dutch government has a longstanding and comprehensive cooperation with the Dutch Entrepreneurial Development Bank (FMO) via the Ministry of
Elcano and ETTG have published the report on the rise of public development banks in the European financial architecture for development which shows how PDBs are critical in promoting resilience to shocks (financial, economic, pandemic, climate, etc.), stabilise the economy and foster a more rapid long-lasting recovery. The report also stresses the importance of medium- and long-term finance for development that can help building markets and promoting economic transformation in a sustainable, green, inclusive and gender-sensitive manner.
In spite of all the anger and frustration that was palpable especially during the final iterations of the Glasgow cover decision, it would be too bleak to consider COP26 as a mere waste of time and effort. Much rather, the Glasgow package delivered a hefty lump for all Parties to chew on. As of now, it remains hard to tell how palatable individual Parties will find their haggis once they take it to their domestic tables. But if they now act even upon the half-hearted words of the Glasgow Climate Pact, the implementation of the Paris Agreement could finally gain traction. Ultimately, the proof of the haggis will be in the eating.