Michel says a new sustainable financing model is needed

At a press conference prior to the G20 summit, an international treaty on the response to the pandemic would help in the futureEuropean Council President Charles Michel said on Friday, Reuters reported.

Additional comments:

“We are looking for establish a carbon frontier mechanism in line with WTO rules“.

The green transition it’s a great opportunity, we need massive private investment. ”

“We need common standards for green bonds “.

“It will not be enough to extend debt relief for 6 months, we need more, a new sustainable financing model“.

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