EUROCLIMA

Confronting Climate Change

Euroclima contributes to the new Joint Communication 2023 that presents a revitalized agenda for the relationship between the EU and LAC, aligning with the EU Green Deal and the objectives outlined in the Paris Agreement. This refreshed agenda details the EU's commitment to this partnership under the EU Global Gateway strategy, which aims to catalyze investments that will expedite a just and green transition.

The EU-LAC Global Gateway Investment Agenda (GGIA) will pinpoint fair, green, and digital investment opportunities in LAC. These opportunities will leverage the open environment fostered by trade and investment agreements to aid in achieving the Sustainable Development Goals. The Investment Agenda will direct investments towards renewable energy and green hydrogen, critical raw materials, decarbonization, and sustainable finance, among other areas.

There is substantial potential for collaboration between the EU and LAC in creating climate-neutral, clean, and nature-positive economies. The LAC region possesses unparalleled potential in areas such as biodiversity, natural resources, sustainable renewable energies, agricultural production, and strategic critical raw materials.

The EU has pledged to allocate at least 30% of its cooperation budget to initiatives focusing on climate change and biodiversity. Euroclima, Team Europe's flagship climate Programme, exemplifies this strategic commitment to climate change and biodiversity in LAC.

Euroclima is a 105 million euro programme jointly funded by the EU and the German Federal Government via the Federal Ministry for Economic Cooperation and Development (BMZ).
 

Actions for climate policies

The Programme accompanies Latin American countries in strengthening their climate governance and the design, updating and implementation of climate policies, enabling them to have legislation and plans or NDCs adapted to their realities and access to financing. In addition, it strengthens the capacities of public administration staff as well as other stakeholders, including civil society. EUROCLIMA supports the implementation and/or updating of NDCs at national, regional and plurinational levels in Latin America, with a common approach.

EUROCLIMA acts through six lines of action, aligned with the Paris Agreement on Climate Change.

Through each line of action, various climate governance actions are carried out.
 

Results and achievements of EUROCLIMA

EUROCLIMA was initiated as a result of the Fifth LAC-EU Summit, held in Lima in May 2008, where the Heads of State and Government of both continents committed to work together to address climate change (Video). 
 

Communication

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