Brussels European Council – Presidency Conclusions, March 2009

Sectors : Climate change - general
Organisation : EU
Date made: 
Heads Of State
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Commitments in: Climate Change - Climate change - general

“27. Significant domestic and external sources of finance, both private and public, will be required for financing mitigation and adaptation actions, particularly in the most vulnerable developing countries. The European Union will take on its fair share of financing such actions in developing countries. Future discussions on generating financial support should focus on, inter alia, different approaches, including a contributory approach based on an agreed scale, market-based approaches based on auctioning arrangements or a combination of these and other options.”