Swedish climate activist Greta Thunberg is arrested in London during a demonstration organised by Fossil-Free London and Greenpeace on the sidelines of the opening day of the Energy Intelligence Forum 2023 on Tuesday. Photograph: Henry Nicholls/AFP via Getty Imagesat the UN global climate conference in Dubai later this year, which could be a global mechanism to raise large amounts of climate finance.’s conclusions on climate finance in advance of Cop28.
Over the past year, and in co-operation with the IEA, he has been advocating for the application of the polluter pays principle to help finance mitigation and adaptation measures in response to the devastating impact climate change is having on many of the world’s poorest countries, who are least responsible for man-made carbon emissions.
Mr Ryan said: “This amendment is a significant step forward and means the EU could go to Cop28 with a mandate to, firstly, negotiate to broaden the sources of funding for climate based on the polluter pays principle, and to explore how the clean energy revolution can be financed and expanded across the least developed countries, so they too can benefit from their own clean, reliable and indigenous energy sources in exactly the way the developed world is now moving at speed and scale.
EU member states remained divided on this issue until the Council meeting, with a number having backed a more ambitious call for a full fossil fuel phase-out.