Finance Working Group

Many developing countries lack the resources to properly address the profound challenges of climate change. For this reason, developed countries have long promised to provide support to help developing countries limit their emissions and adapt to the impacts of climate change. Yet for the most part, the assistance that has been provided to date has been inadequate to meet the challenge. The CAN Finance Group coordinates advocacy and policy work around the need to rapidly scale up support for climate action from developed countries directly, and through new, innovative sources of finance. The group’s main focus is to ensure that sufficient support is available for developing countries to reduce their emissions as required to stay below 2 degrees/1.5 degree temperature rise, and to help countries adapt to climate effects that are already inevitable. Towards this end, the group works to strengthen financial commitments within the UNFCCC and other venues, and to ensure that the Green Climate Fund is an effective and appropriately funded vehicle for delivering climate support to developing countries.

For more information please contact:
Kashmala Kakakhel, WEDO, kashmalakakakhel@gmail.com
Lucile Dufour, Réseau Action Climat France, lucile@rac-f.org 
Eddy Pérez, Climate Reality, eperez@climatereality.ca

CAN Annual Policy Document, Executive Summary: Katowice - Spurring the Paris Agreement to Action, November 2018

The IPCC report on 1.5°C is a siren alerting humanity to the urgency of the climate crisis. The report shows even half a degree of warming makes a huge difference in terms of impacts; more than was previously known. It also shows that, already, some communities and ecosystems are being forced beyond the limits of adaptation. The report further demonstrates the tools needed to meet the Paris Agreement goal of limiting warming to 1.5°C are within the scope of science and human capability. It is economically and technically feasible, but we need political will right now.

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CAN Annual Policy Document, Full Version: Katowice - Spurring the Paris Agreement to Action, November 2018

The IPCC report on 1.5°C is a siren alerting humanity to the urgency of the climate crisis. The report shows even half a degree of warming makes a huge difference in terms of impacts; more than was previously known. It also shows that, already, some communities and ecosystems are being forced beyond the limits of adaptation. The report further demonstrates the tools needed to meet the Paris Agreement goal of limiting warming to 1.5°C are within the scope of science and human capability. It is economically and technically feasible, but we need political will right now.

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CAN Submission on the Scope of the Technical Paper Exploring Sources of Support for Loss and Damage and Modalities for Accessing Support, February 2018

The prevalence of extreme weather events and climate impacts experienced all over the world in 2017 - hurricanes in the Caribbean, heavy floods in South Asia, floods and droughts in Africa, droughts and rising sea levels in the Pacific, changing rainfall including flooding in South America - make it very clear that we have no time to waste.  The most vulnerable people in the frontlines of climate change require finance for loss and damage urgently. 

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