The European Union has been pursuing concrete actions to support the implementation of the 2015 Paris Agreement on Climate Change and seeking global partnerships and increased cooperation to advance the Union’s strategic interests to deal with global challenges. The EU has launched a new strategic partnership for the implementation of the Paris Agreement to boost European climate policy collaborations with the world’s major economies. Projects financed by the new tool will focus on environmentally friendly practices, advancements in investment and contributions to improving public awareness.
Brussels has recently also reaffirmed its mutual cooperation on climate with India where the bloc boosted cooperation regarding smart and sustainable urbanization. In this context, the EU adopted the action to further promote sustainable energy and urbanization as well as environmentally friendly practices with hands-on technical solutions from EU businesses, mainly small and medium sized enterprises (SMEs). This cooperation will help position the EU as a go-to partner in the areas of energy, climate and urbanization.
These actions are part of recently adopted Phase II of the partnership instrument, which will include four new projects totaling more than 23 million euros. The new tranche of funding will enhance the EU’s strategic partnerships in line with the EU Global Strategy. The EU maintains that partnerships among the world’s major economies are necessary to achieve the ambitious climate objectives. The Paris climate agreement is a deal within the United Nations Framework Conventions on Climate Change (UNFCCC) negotiated by representatives of 196 signatories at the 21st Conference of the Parties of the UNFCCC in Paris and adopted by consensus on 12 December 2015.