Climate: Time is running out – finance and institutions need to be addressed quickly

News

As climate negotiators are meeting in Bonn, Germany, the European Greens are calling for greater ambition in terms of climate finance, institutional reform, and capacity building in the Global South, to protect the people against the climate disasters.

The latest Copernicus report states that human-induced warming has been increasing at an unprecedented rate. Scientists warn that only two years remain of the world's carbon budget to meet the 1.5°C target.

European Greens co-chair Ciarán Cuffe stated: "With time running out, the Bonn negotiations must ensure that a just transition is firmly embedded in the agenda for the COP30 United Nations climate summit in Brazil in November. It is crucial that all climate action protects the most vulnerable people. We have seen some progress on food, health and ecosystems. But now it is time to address broader issues such as finance, institutions and capacity building in the Global South.'

European Greens co-chair Vula Tsetsi added: 'The devastating consequences of climate change – droughts, heatwaves, floods, and wildfires – are becoming more visible every year. And yet, paradoxically, the political will among other parties to act is fading. We see it week after week in the European Parliament and other European institutions: the European People’s Party, the liberals, and the far right are working to weaken the Green Deal. That is not just bad for people — it’s also a threat to our economies. Delaying the green transition means higher costs from climate disasters, lost innovation, and fewer sustainable jobs. We Greens continue to push back, insisting that the phase-out of fossil fuels must accelerate and that funding for climate adaptation must increase. This is about protecting people everywhere from the extreme weather caused by the climate crisis.”

published

June 20, 2025

cover image

Copernicus latest report, Extrapolated from May 2025 data

By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. View our Privacy Policy for more information.