Wealthier countries must step up climate finance, EU govts say ahead of COP31
( October 9, 2026, 13:29 GMT | Official Statement) -- MLex Summary: EU governments have reaffirmed a global goal to mobilize at least $300 billion annually for developing countries’ climate needs by 2035, while calling on more countries with the financial capacity to contribute. In a position adopted by EU finance ministers on Friday ahead of UN climate change conference COP31, member states also backed efforts to triple adaptation finance by 2035 and warned of a possible slowdown in climate commitments from multilateral development banks. Conclusions attached....
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