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The climate debate has begun in Paris. “We must work together”

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In Paris, political and business leaders are discussing climate justice, or rather the lack of it. In the French capital, it was postulated that global concerns, especially those most toxic to the environment, should contribute to the fight against the effects of the climate crisis.

The summit for a new global financial pact has begun in Paris. Initiated by Emmanuel Macron, the summit combines climate and economic topics. Participants discuss how to increase aid to the poorest countries, which at the same time suffer the most from extreme weather events. However, before the deliberations began, a minute’s silence was held in memory of the victims of the climate catastrophe.

– Dear guests. I am asking for a minute’s silence in memory of people all over the world who suffer from hunger, who have to flee their homes, who cannot go to school, who are forced into marriage. People who are deprived of their cultural heritage and history. All those who are helpless and deprived of help are dying as a result of the climate catastrophe, said Vanessa Nakate, climate activist.

Several dozen presidents and prime ministers, representatives of the European Union, the World Bank, the United Nations and activists from non-governmental, environmental and charity organizations came to Paris. The most important political players – such as the leaders of the United States, China and India – were absent. The main message coming from the meeting room and from the sidelines was that private companies, global corporations – co-responsible for causing it – must join the fight against the climate catastrophe. – If we are to succeed, if we want to fight poverty and the climate catastrophe, if we want to rebuild biodiversity, we will not do it using only public money. We must act together. We need much more from the private sector. We need more funds from independent sources, which we will donate precisely to these activities, said Emmanuel Macron.

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There is no doubt that the climate catastrophe is exacerbating social inequalities. Rich countries are better protected and prepared for, for example, extreme weather events. Poor countries, mainly in Africa and Central and Eastern Asia, do not have the means to help the victims or rebuild the infrastructure. We don’t want private companies going bankrupt. We simply want everyone to bear an equal burden, and in the future, so that everyone can benefit from the positive effects. Using only government funds has run out. Global corporations, whose budgets often exceed those of individual countries, must also sit at the table, believes Mia Mottley, Prime Minister of Barbados.

Vanuatu and other Oceanian islands are facing a climate crisisReuters Archive

Measurable costs

The costs of the climate catastrophe have several dimensions. It is the decreasing biodiversity, the disappearing species of animals and plants. But these are also purely financial costs, which amount to hundreds of billions of dollars every year. According to data quoted by AFP, if climate warming is not slowed down, Eastern Europe will lose 3 percent of GDP by 2050. Africa will lose the most – 4.7 percent of GDP. That is why proposals were made in Paris that the biggest polluters, i.e. the fossil fuel sector, as well as agriculture and the maritime industry, should join the fight against climate change. – Make those who pollute the environment pay for it. Cancel the debts of the Global South. Provide him with the best financial support so that finally the poorest, who did not cause this catastrophe, do not have to pay more for it. When it comes to amounts, think in trillions, not billions.

At the summit, the appeal was heard that the repayment of the debt of the poorest countries should be suspended during natural disasters. – We propose a suspension of debt repayments so that countries do not have to worry about installments in a moment of sudden crisis and can concentrate on providing assistance on an ongoing basis. Prime Minister, this is proof that my hand is slapping you on the back, not slapping you in the face,” said Ajay Banga, president of the World Bank. The two-day meeting in Paris – although it is unlikely to bring groundbreaking global decisions – is to prepare the ground for further talks as part of the upcoming G20 and COP28 summits.

Facts about the world TVN24 BiS

Main photo source: PAP/EPA/Emmanuel Dunand

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