- European Commission President Ursula von der Leyen announces “Green Coupon Facility” to subsidize green bonds for developing countries.
- Calls for global carbon pricing to reduce emissions and fund climate innovation.
- Enhances strategic investments in small island states through the EUR 300 billion Global Gateway plan.
Acknowledging Small Island Leadership
“Thank you for showing leadership… by adamantly calling for improvement, change and awareness of climate change,” said European Commission President Ursula von der Leyen at the Association of Small Island States Leaders’ Meeting.
Small island states face the stark realities of a warming planet, making their call for global unity crucial.
Europe’s Commitment to Climate Action
Europe stands with small island nations to transform pleas into tangible actions.
Launching the Green Bonds Initiative
Last year, the EU launched the Global Green Bond Initiative, a EUR 1 billion fund to stimulate green bond markets in developing countries.
“We will establish a new ‘Green Coupon Facility’,” von der Leyen announced. “Europe will subsidize part of the coupons for green bond issuers who face very high interest rates.”
This move aims to accelerate green investments by reducing financial barriers.
Promoting Global Carbon Pricing
With nearly 20 years of experience, the EU’s carbon pricing has reduced emissions by almost 50% in key sectors and generated over EUR 200 billion for reinvestment.
“Tomorrow, together with Prime Minister Justin Trudeau, we will… promote global carbon pricing and… its opportunities,” she stated. “If you pollute—you pay. If you go clean—it pays off.”
The EU encourages global adoption of this effective principle to combat climate change.
Strategic Investments Through Global Gateway
The EUR 300 billion Global Gateway plan finances infrastructure projects abroad, including clean energy in Fiji and Cabo Verde and a multipurpose port in Kiribati.
“We want the processing, the value chains to stay local… so that we support the development… in your countries,” she emphasized.
This strategy aims for a win-win partnership, strengthening supply chains while creating local jobs.
A Call for Unity and Partnership
“In this world of giants, small island states can be pioneers of change,” President von der Leyen concluded. “Europe wants to be at your side… as your partner with our ambitions for a clean, circular, and sustainable growth.”
The EU commits to supporting small island nations in leading global climate initiatives.
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