In the recent European Parliament elections, the Green Party loss may not be good news for EU countries new climate ambition especially at a time when it has already been marred by the Russia-Ukraine conflict but this is not expected to have any huge impact on its long-term objectives. The backlash against the green party might be felt during the 27-strong member European Union summit in Baku, Azerbaijan that will take a decision on a new global climate finance goal as developed nation among others at CO29 UN Climate Summit (CO) in November.
The ongoing negotiations at the UN conference in Bonn are already revealing some shift even if there is no tectonic one on the overall plan. Countries are trying to hammer out broad contours of new global climate finance that will be finally shaped up in Baku. Climate finance refers to streams of financing meant to aid developing countries’ efforts towards mitigating and adapting to climate change.
Over these last years, Europe has passed a package aimed at reducing emissions and taken steps such as trade protectionism according to some developing nations like India whose implementation may be weaker with a low level of support for the Greens.
There is little doubt that “climate-progressives’” Europe would result from this outcome. Experts said EU’s commitments toward climate diplomacy remain intact.” The EU should act as an important player for positive change within global climate diplomacy.” Dan Jorgensen, Denmark’s Minister for Global Climate Policy said “Europe needs to stay serious about meeting our climate commitments” even though he added that much work still remained. Interestingly enough, despite their poor performance elsewhere, this party held or gained seats in Sweden, Denmark and Holland while losing them both in Germany and France – two largest economies within EU very active on advancing environmental policy making.
