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EU fund targets €20bn
The European Union launched the Global Green Bond Initiative Fund to mobilize up to €20.000 millones de euros of private capital for “proyectos de infraestructura sostenible” in low- and middle-income countries.
“Climate finance has so far eluded the current geopolitical crisis”
The EU said the fund would direct at least 20% of its investments to “los países menos adelantados del mundo,” using bonds denominated in euros and bonds issued in local currencies.
The initiative will be managed by the French asset manager Amundi, and the European Commission said its structure would help “crear canales de financiación a largo plazo” for projects contributing to climate and environmental goals.
Ursula von der Leyen said the fund demonstrates Europe’s leadership in sustainable finance, adding, “Movilizaremos miles de millones en inversión privada para nuestros objetivos climáticos y medioambientales.”
Catalunya climate projects
In Catalunya, the Generalitat announced two new projects to improve the response to “calor extremo,” announced in Los Angeles, with both initiatives financed through “créditos climáticos forestales” from the Fondo Climático del Gobierno.
The director general de Cambio Climático y Calidad Ambiental, Sonsoles Letang, said the projects will address the effects of extreme heat on “la salud, los ecosistemas naturales y los cultivos agrícolas,” and also promote “la gestión forestal sostenible.”
Catalunya already participates in three initiatives within the MCAP, including a project in the Aiguamolls de l'Empordà focused on resilience of wet spaces and river environments, with emphasis on “la sequía, la calidad del agua y la intrusión salina.”
In a separate MCAP effort, Catalunya and California lead a study on the impact of climate change on biodiversity in “las bios regiones mediterráneas,” analyzing effects such as “desplazamientos de especies” and “pérdida de crecimiento de los ecosistemas.”
Climate finance gap persists
A report published this month in Davos by the World Economic Forum, with support from McKinsey, said climate finance has “eludido” the current geopolitical crisis and remains on an upward trajectory despite Donald Trump and the decline of multilateralism.
“Sociedad La Generalitat destina 300”
The report said the amount of public and private climate finance surpassed two trillion dollars in 2024, a record volume, and that this represented a 26% increase in the 2021-2023 period compared with 2018-2020.
Yet the study warned that investment flows remain insufficient to meet environmental goals, citing CPI estimates that “investment needs at around $8.1-9 trillion per year through 2030.”
Ana Belén Sánchez, director of the Alinnea think tank at IE University, warned that “any budget reallocation toward defense or security will translate into a slowdown or a higher deficit,” even as the private sector continues to advance under a shift from ESG to “resilience and strategic autonomy.”
