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Similarly and emphasizing the importance of monetary aid to the most affected countries by climate change, a number of international organizations are actively engaged in administering and/or operating climate change funds, including the '''United Nations Development Programme (UNDP)''', the '''United Nations Environment Programme (UNEP)''', and the '''United Nations International Strategy for Disaster Reduction (UN-ISDR)'''. Also, a number of multilateral development banks have set up dedicated funds to address climate change.
In terms of international cooperation, the EU, besides being a key supporter of climate action, international treaties and promoter of international cooperation through funding and policies, contributes to fighting climate change at global level with both '''domestic action''' and '''international cooperation''' through . It has set policies, legislation and initiatives for more efficient use of less polluting energy, cleaner and more balanced transport options, more environmentally-friendly land-use and agriculture, more sustainable cities , more climate-resilient communities and fewer emissions from all sectors of our economy.<ref>"Adaptation to climate change", retrieved from: https://ec.europa.eu/clima/policies/adaptation_en</ref>
The EU development cooperation policy: the '''Agenda for Change''' pays particular attention to the energy sector for inclusive sustainable growth. It aims to improve access to affordable and sustainable energy, enhance energy efficiency and increase the use of renewable energy sources.<ref>"EU Communication on the Agenda for Change", retrieved from: https://ec.europa.eu/europeaid/policies/european-development-policy/agenda-change_en</ref> It has also committed, in the global initiative '''[http://www.se4all.org/ Sustainable Energy for All]''', to helping provide 500 million people in developing countries with access to sustainable energy services by 2030. Furthermore, the EU launched the '''[http://www.gcca.eu/ Global Climate Change AlliancePlus (GCCA+)]''', a seven-year programme to help the world’s most vulnerable places tackle climate change
In terms of internal policy, the EU leaders have also established the [[2020 climate and energy package]] in 2007, that has become '''legally binding''' under EU law in 2009. This package is meant to ensure that the EU meets its 2020 targets for energy and climate targets - 20% cut in GHG’s emissions, 20% renewable energy in the EU and 20% energy efficiency improvement. <ref>"2020 climate & energy package", retrieved from: https://ec.europa.eu/clima/policies/strategies/2020_en</ref> Building on the [[2020 climate and energy package]], the EU has also established the '''2030 climate and energy framework''' with the goal of approaching a low carbon economy - 40% cut in GHG’s emissions, 27% renewable energy in the EU and 27% energy efficiency improvement.<ref>"2030 climate & energy framework", retrieved from: https://ec.europa.eu/clima/policies/strategies/2030_en </ref> The [[European Commission]] has developed the '''2050 low-carbon roadmap''', that aims to cut greenhouse gas emissions in the EU to 80% below 1990 levels.<ref>"2050 low-carbon roadmap", retrieved from: https://ec.europa.eu/clima/policies/strategies/2050_en</ref> The EU has set itself targets to put itself on the way to achieve the transformation towards a low-carbon economy as detailed in the '''2050 low-carbon roadmap'''through actions in all main sectors, concluding it is feasible and cost-effective in the long run, as long as innovation and investments are present.
[[File:Targets.png|thumb|Image 3 - Possible 80% cut in greenhouse gas emissions in the EU]]