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MEMO/10/628 Brussels, 29 November 2010 Q&A on Climate Change Windows What exactly will the Climate Change Windows actually do? Climate Change Windows (CCW) will have 3 main specific features:
Is it new money? Climate Change Windows will include both projects financed on the existing resources and projects financed on new fresh resources like for instance the EU Fast Start funding and additional climate change funding coming from Member States or other resources in the years to come. Which countries will benefit from it? Potentially all partner countries involved in the EU cooperation or development policy may benefit from these Climate Change Windows in the different regions covered by the Investment Facilities (Neighbourhood Countries, Africa, Central Asia, Latin America etc.) The existing facilities include already over 100 eligible countries and more will be included in the years to come. How will this scheme help people in developing countries? By decreasing green house gas emissions and promoting low carbon development, as well as by reducing the vulnerability of natural systems to the impact of climate change, Climate Change Windows will benefit all people living in developing countries. In parallel, these climate change projects will also provide to developing countries citizens better or increased resources in clean energy, will improve their means of transportation and preserve their natural environment (forest, water etc.). Examples of climate projects financed under the Facilities: 200 MW Wind Farm project in the Gulf of El Zayt/Egypt
Linking REDD+ mechanism with local implementation / Mexico
The project will contribute to better forest management. It will have a huge impact in terms of biodiversity conservation as all the watersheds are located in biodiversity hot-spots. How is this initiative different to what the EU is already doing in this area? Climate Change Windows will at the same time increase EU actions in the field of climate change and enable the International Community and all our partner countries to be fully informed in a transparent and accountable way of all projects financed by the EU to fight against negative effects of the climate change. Related Links: Website of Commissioner for Development Andris Piebalgs: http://ec.europa.eu/commission_2010-2014/piebalgs/index_en.htm Website of Commissioner for Climate Action Connie Hedegaard: http://ec.europa.eu/commission_2010-2014/hedegaard/index_en.htm Website of Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle: http://ec.europa.eu/commission_2010-2014/fule/ |
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