Directions of EU support to EECCA countries
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Transcript of Directions of EU support to EECCA countries
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Directions of EU support to EECCA countries
Niels SchusterDirectorate-General for Climate Action
European Commission
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Climate Action
• Target: continuing to mobilise USD 100 bn a year in public and private climate finance from 2020-2025
• EU on track: Mainstreaming 20% of EU budget on climate related issues
• EU agreed to 0.7% GDP ODA target
• Developing synergies between climate policies and IFI activities
EU Leading Mobiliser of Climate Finance
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ArmeniaAzerbaijan
BelarusGeorgia
Republic of MoldovaUkraine
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Climate Action
Overall available funding: €15.4 billion (2014-20)ENI East Regional: €741 - €906 Mio• In view of the agreed 20% MFF climate target, an increase
of climate-related expenditure during the 2014-2020 programming period is expected
• Domestic coordination!• Indicative priorities:
Further capacity-building on climate legislation topics Investment in mitigation and adaptation Mainstreaming of climate in other sectors (e.g. energy,
transport, agriculture etc.)
European Neighbourhood Instrument (ENI)
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Climate Action
Offers an enhanced framework for our climate cooperation:
"greater attention to energy security and climate action"
"promotion of the full implementation of the expected Paris Climate Agreement (including commitments)"
"introducing robust emissions monitoring, reporting and verification frameworks, including in the longer term,
emission trading systems.''
Review of the European Neighbourhood Policy
EU climate cooperation will need to integrate Paris Agreement!
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Climate Action
Project time frame: October 2012 – October 2016Project budget: maximum EUR 7 million*
Objective to support Partner Countries so that they are better equipped for
greenhouse-gas emission reductions and better prepared to deal with climate change impacts
• * Part of a larger 'Clima East project' package, which also consists of pilot projects on ecosystems based approaches to climate change (maximum EUR 11 million)
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Climate Action
Neighbourhood Investment Facility (NIF)
Purpose:Using EU grants to mobilize financing from Financial Institutions and private sector for greater impact
Overall, NIF has helped to ensure around €3 billion climate financing in Eastern Partnership region (2008-2014)
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Central Asia
Kazakhstan Kyrgyz Republic
Tajikistan Turkmenistan
Uzbekistan
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Climate Action
Central Asia Programming Period 2014 –2020
Available funding (Central Asia): €1.07 billion
Regional (non-bilateral) assistance focuses on • socio-economic development; • regional security for development• sustainable regional development – energy, environment
and water with a strong focus on climate change
Development Cooperation Instrument (DCI)
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Climate Action
Finances projects (inter alia) with the following aims:• Better energy infrastructure• Better focus and control of climate change impacts
Results (2010-2015 ): 22 projects - grant financing of €119 million (climate & other)• total financing from IFI of approximately €553 million • total investment budget of approximately €830 million.
IFCA provides its support through:• Investment grants• Technical assistance• Risk capital and other risk sharing instruments
Investment Facility for Central Asia (IFCA)
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Four-year project on improved energy data and evidence-based energy policy-making Eastern Europe, Caucasus and Central Asia. follows on from the EU INOGATE programme
Implemented by the IEA, the Energy Community Secretariat and the Energy Charter Secretariat
Project time frame: July 2016 – July 2020Project Budget: EUR 6.8 million
EU4Energy
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Climate Action
Thank you!
Visit DG Climate Action online:
facebook.com/EUClimateAction
youtube.com/EUClimateAction
pinterest.com/EUClimateAction
twitter.com/EUClimateAction
ec.europa.eu/clima/