EU needs to deliver on their promises – video explaining new ACT Alliance EU report on Climate Finance
On 3 September 2020 ACT Alliance EU published a new report on climate finance revealing that EU institutions are failing to meet their climate finance commitments. A policy shift is needed to ensure that developing countries receive the appropriate support to address the climate crisis.
The report assesses climate finance channelled from the European Investment Bank, European Development Fund, and the European Commission, to developing countries. It reveals the decline in climate adaptation and grant-based financial support for the most climate-vulnerable countries.
In this video Mattias Söderberg, Chief Advisor at DanChurchAid and spokesperson on climate finance in ACT Alliance EU, explains the main findings of the report.