During the EU Environment Council held in Luxembourg, Energy Minister Miriam Dalli emphasised the need for necessary financing to support small and most vulnerable countries. She explained that this assistance could come in the form of Green Bonds, which would help mobilise the required capital for environmental projects.

During the Council meeting, EU countries agreed on a common position, allowing them to negotiate collectively with the rest of the international community during the COP29 climate change conference, which will take place in Baku, Azerbaijan.

"We must keep in mind the level of ambition required globally to ensure that temperatures do not rise beyond 1.5°C. At the same time, Malta must see a transition that is fair and inclusive. This transition should not leave any country behind, no matter how small. Therefore, social, and economic aspects must remain a priority," emphasised Minister Miriam Dalli.

Minister Dalli insisted that energy prices must be addressed to avoid placing undue burden on consumers.

Minister Dalli also emphasised the need for mitigation measures, many of which are directly related to European directives and legislation. "In the same way, we must ensure that we have effective adaptation measures", added Minister Dalli. She explained that climate change is a global challenge that affects economies, the environment, and communities, making both adaptation and mitigation essential. "The most affected countries, particularly small islands, are implementing adaptation measures, but collective action is needed in this regard, along with direct financing support, to minimize the impact of climate change as much as possible".

These reflections from Malta were included in the conclusions that the European Union will present as a common position during the COP29 discussions.