Global Focus coordinates the working group for climate finance in collaboration with The 92-group. The working group meets approximately once a month to share knowledge and develop joint positions and policy initiatives across our member organisations and those of The 92-group.
The working group has a particular focus on the following issues:
Ensuring that Denmark follows through on the climate financing promises that rich developed countries have made to developing countries in connection with the Paris Agreement, which amounts to 100 billion USD per year from 2020 and is new and additional to development aid.
Allocating 70% of Danish climate aid to climate adaptation and 30% to nature-based solutions.
Encouraging UN member states to earmark funds for loss and damage from climate change, including as part of the new global climate finance target that will apply from 2025. All of this must be done through uniform and transparent calculation methods, and we are therefore also developing recommendations for this.
Internationally, Global Focus collaborates on climate finance through EURODAD (The European Network on Debt and Development).