When it comes to helping poor nations cope with the effects of climate change, money is a central issue.
As the world’s largest climate finance donor, the European Union plays a pivotal role in shaping how the global community combats climate change. In 2014, the European Commission and the 28 European Union member states jointly provided 14.5 billion euros ($15.8 billion) worth of grants and loans for global climate action. Commitments from EU member states also make up almost two-thirds of all pledges so far signed by the United Nations Green Climate Fund.
So where does the bloc stand on the question of climate finance?