The beginning of the end of the fossil fuel era

Показать описание

In 2022, with our Global Gateway investment strategy, Team Europe mobilised EUR 28 billion in public funding to support emerging countries in reducing emissions and adapt to climate change. We do not only provide grants. We also use European public funds to de-risk investments and have a multiplier effect. But it is clear that public funding will not be enough to achieve our global goals. We need to start aligning all global financial flows with the Paris Agreement goals and this means mobilising private capital too. We can help with that. Because when we, as governments or international organisations, set global targets for renewables, we set the future course for businesses as well. When we develop de-risking instruments, we strengthen the business case for clean investments. And when we give public support to breakthrough innovation, we facilitate their uptake in the market. I am sure that representatives of the private sector are also ready to embark on this journey. So this is my call. Let us gear up towards COP29. It will be the place and time to showcase new projects that support our targets. Let us fill the Global Pledges with life.

Stay connected with us!

#eudebates the unique initiative aiming to promote debate, dialogue, knowledge, participation and communication among citizens. #nuclear #decarbonisation #decarbonise #decarbonising #decarbonize #carbon #climatechange #climate #climatecrisis #fuel #gas #justtransition #vonderleyen