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Tuesday, 17 October 2017

EU Commission: Climate finance: EU and member states'=?UTF-8?B?IGNvbnRyaWJ1dGlvbnMgdXAgdG8g4oKsMjAuMiBiaWxsaW9uIGluIDIwMTY=?=

Climate finance: EU and member states' contributions up to €20.2 billion in 2016

Contributions from the EU and its member states to support developing countries in reducing their greenhouse gas emissions and coping with the impacts of climate change showed a significant increase in 2016. 

The total was confirmed on 16 October 2017 at a meeting of the EU Economic Policy Committee, ahead of COP23 UN climate change conference in Bonn. 

Total contributions from the EU and its member states amounted to €20.2billion[1]in 2016, a significant increase compared to 2015. The contributions were successfully channelled into climate change mitigation and adaptation initiatives in developing countries. 

The contribution is seen as an important step towards the implementation of the legally binding climate change agreement reached in Paris in December 2015.

The latest figure demonstrates the EU's determination to continue scaling up its international climate finance contribution towards the $100 billion per year goal set for developed countries by 2020 and through until 2025. Before 2025, the parties to the UN framework convention on climate change will set a new collective goal. Contributions for mitigation and adaptation will be jointly mobilised from a wide variety of sources: public and private, bilateral and multilateral, including alternative sources of finance and with transparency of implementation.

 [1] This figure includes climate finance sources from public budgets and other development financial institutions, as reported by member states in the context of the article 16 of regulation 525/2013 of 21 May 2013. It also includes €2.7 billion climate finance from the EU budget and the European Development Fund, and €1.9 billion from the European Investment Bank. 

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EMA's procedural handling of safety review was complete and independent

European Ombudsman concludes her inquiry into the HPV vaccines referral

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Steven Maijoor on the State of European Financial Markets

Steven Maijoor on the State of European Financial Markets

Tuesday 17 October 2017 09:28

Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), has spoken this morning at ESMA 2017 about the challenges facing European financial markets.

He focused on three key issues in his speech:

  1. To build a Capital Markets Union, especially by protecting retail investors;

  2. A strong convergent European supervisory culture including Brexit; and

  3. Improving our understanding of trends, risks and

  4. ...

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September 2017 - Annual inflation stable at 1.5% in the euro area - Up to 1.8% in the EU

European Commission - EUROSTAT September 2017 - September 2017 - Brussels, 17 October 2017 Euro area annual inflation was 1.5% in September 2017, stable compared with August 2017. In September 2016 the rate was 0.4%. European Union annual inflation was 1.8% in September 2017, up from 1.7% in August 2017.

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EU approves €100 million in financial assistance for Jordan

European Commission - Press release Brussels, 17 October 2017 The European Commission, on behalf of the European Union (EU), has today approved the disbursement of a €100 million loan to Jordan under its Macro-Financial Assistance (MFA) programme.

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