Swedish Environment Minister chairs pre-COP26 financial discussions in Milan – Eye on the Arctic
The Swedish Minister of Environment and Climate, Per Bolund, is chairing the work of the financial part of the Pre-COP26 which has been taking place in Milan, Italy since September 28 and which will end tomorrow.
This ministerial meeting is being organized to prepare for COP26, the United Nations Climate Change Conference to be held in Glasgow, Scotland, from October 31 to November 12.
And it is not by chance that Per Bolund was chosen for this mission. He was in charge of the Swedish Ministry of Financial Markets between October 2014 and February 2021, when Prime Minister Stefan Löfven entrusted him with the reins of the Ministry of the Environment.
I am happy to have been tasked with leading the discussions on climate finance and look forward to moving the work forward with my colleagues. My aim is for the outcome of the discussions to help the UK succeed at COP26 in Glasgow.Per Bolund, Swedish Minister for Environment and Climate
He recalled that the issue of financing climate action is recurrent in international climate negotiations.
“In the perspective of the COP26, the objective of mobilizing 100 billion dollars per year from 2020 to 2025 is at the center of the concerns”, according to the Swedish government.
It was during the COP15 in Copenhagen that the target of 100 billion was set.
“The OECD, which conducts an annual assessment of progress towards the goal, reports that in 2019, donors had provided around $ 79 billion,” said the same source.
In Glasgow, discussions will focus on financial targets for post-2025.
With information from the Government of Sweden
