With reference to in Greece which was affected by fires and fires and speaking of a “boiling planet» she began her speech about climate in the Global Citizenthe President of the Commission, Ursula von der Leyen.
“Just a month ago, I was in Greece as the country was devastated by the worst wildfires in Europe. Only a few weeks later, the same country was hit by three years’ worth of rain in just three days. It’s a tragedy. And the same is happening from Libya to Slovenia, from Spain to the Philippines. Climate change is among usUrsula von der Leyen emphasized. He pointed out that climate action and economic development can go hand in hand, noting that “with our European Green Deal and Climate Act, we became the first continent to make climate neutrality a legally binding goal by 2050.” “We have set emission reduction targets for 2030. And we are on track not only to meet them but to exceed them. This climate neutrality roadmap has spurred innovation and investment,” said the President of the Commission. Additionally, he stated that more and more countries are joining the cleantech race. “They want to get away from old, brown energies like natural gas, oil and coal. They want to protect the world’s green lungs while growing their economy. I saw it with my own eyes earlier this month in Nairobi, at the Africa Climate Summit,” he noted. As the President of the Commission explained, too often, emerging economies do not have the resources to invest or cannot access resources.
“The big question is how to close the world’s net investment gap. And major economies like Europe have an important role to play.
The EU remains the world’s largest climate funder. In 2021 alone, we contributed more than $27 billion in climate finance. That’s more than a quarter of the global goal of $100 billion. And with our infrastructure investment plan, Global Gateway, we fund clean infrastructure around the world in developing countries and emerging marketshe underlined.
Finally, he said the international financial system needs to be readjusted so that it can better support climate action.
Source: News Beast

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