|Author (Corporate)||European Commission: DG Communication|
|Series Title||Press Release|
|Series Details||IP/16/3589 (04.11.16)|
On the 4 November 2016 the European Commission welcomed the coming into force of the Paris Agreement on Climate Change.
It became legally-binding 30 days after the EU's ratification pushed it past the threshold to take effect. The event came less than a year after the landmark agreement was adopted and just days ahead of the UN climate conference in Marrakech, Morocco.
The EU expected to see tangible progress on key elements of the Paris package, including on access to finance for developing countries and on developing and strengthening the skills and processes needed in developing countries to implement their domestic climate plans. The EU and its Member States are the biggest contributors of public climate finance to developing countries. Together they provide around a third of public funding available for action to tackle climate change and account for almost half of the pledges in the Green Climate Fund.
|Countries / Regions||Europe|