During its Plenary Session, which took place from 9-11 October in Brussels (Belgium), the European Committee of the Regions (CoR) recognised climate finance as an essential tool for the implementation of the Paris Agreement, and called on the European Commission to promote the Global Covenant of Mayors through providing financial and technical assistance, especially in countries where national ambition is lacking.

The CoR also called on the European Commission to make environment and climate investments more appealing.

It was further proposed that climate change and sustainability issues become a cross-cutting trend across all funding programmes, and that minimum allocation targets for climate be included both for the Multiannual Financial Framework (MFF) and for the main funding programmes.

It was also suggested that impact assessments of EU legislative proposals be accompanied by a climate impact assessment, as well as an assessment of how they will contribute to the Paris Agreement objectives.

For more information and to read the session outcome in full, click here.