Declaration: Calling on the EU to direct revenues from the CBAM towards international climate finance

The undersigned urge the European Union (EU) and its institutions to direct revenues from the EU Carbon Border Adjustment Mechanism (CBAM) towards international climate finance to provide funding to developing countries most affected by, and least able to adapt to, the demands of CBAM, and to promote the effective implementation of the Paris agreement, namely Articles 2, 4 and 9.