Europe heads into the UN climate conference in Antalya, Turkey, with low expectations and a focus on resisting new financing commitments. After years of bruising negotiations, fossil-fuel producers and trade partners have stymied EU efforts. The EU acknowledges the Paris Agreement's 1.5C goal is likely exceeded but aims to limit further warming.
EU ministers note the bloc is the largest provider of international public climate finance and call on others to contribute. Ireland's climate minister calls the approach "much more focused, strategic" with slimmed-down objectives. The EU announced member states contributed €32.3bn to developing countries in 2025.
However, resistance is expected from nations facing climate impacts, highlighted by devastating floods in Nepal. The UN allocated $20mn from its loss and damage fund, a fraction of the $4.7bn needed for recovery. Managing Climate Change© Ozan Kose/AFP via Getty Images.
Source: Financial Times Companies · Summarized by HeadlinesBriefing