European Parliament adopts climate position for COP26, focuses on climate finance

The European Parliament overwhelmingly adopted its position for the UN COP26 climate talks, which will take place in Glasgow from October 31 - November 12, 2021; the adopted position calls for the EU to remain a world leader in fighting climate change and will encourage high-income countries to improve climate finance for partner countries.

The resolution urged donor countries to deliver on their promise to provide at least US$100.0 billion per year in climate finance to support the green transition in target countries. It also calls for the European Commission to create an international climate club with other major emitters of greenhouse gases (GHG) to set common standards, raise global climate ambition, and create a common carbon border adjustment mechanism. 

Press release - European Parliament