ANALYSIS OF FINANCIAL INTERESTS UNDER THE INTERNATIONAL TREATY UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE UNFCCC.

Purpose: This article aims to analyze the financial contribution from the European Union countries' annual budget, the European Commission, and the European Investment Bank to financing activities related to climate change under the United Nations Framework Convention on Climate Change (UNFCCC). Design/methodology/approach: Based on statistical data, an analysis was made of changes in financial shares under the treaty; the largest and smallest shareholders among the European Union countries were identified, and the changes in subsequent years in all European Union countries. Findings: Based on the analysis, it was indicated that countries such as Germany and France are the countries with the most significant shares in budget spending under the UNFCCC, followed by the largest shareholders are the European Commission and the European Investment Bank Research limitations/implications: The possibilities of analyzing data on the shares of European Union countries under the UNFCCC Treaty were limited due to the lack of availability of data from some periods. Practical implications: The analysis may be the basis for more significant mobilization of countries in climate support that do not participate financially enough under the UNFCCC. Social implications: Society should be made aware of the issue of caring for the environment, it should introduce ecological habits in its own home, encourage friends to take actions to protect the environment and encourage them to change their diet, habits, conscious purchasing, saving water and energy. Originality/value: Analyzing the spending of European Union countries to improve the climate is of fundamental importance to find out to what extent all parties to the treaty are involved and what financial resources are available to enhance the negative consequences of climate change. [ABSTRACT FROM AUTHOR]