Sharma said that in the technical negotiations that have already begun, and that will take place over the next week and a half, “the same attitude” shown by the 120 world leaders who attended the first two days of the summit is being reflected. .
G20 countries reach “insufficient” agreement on climate
“We are making progress in a wide range of fields and the first draft texts are beginning to emerge,” said the COP26 president.
Sharma admitted that “unfortunately” the commitment to mobilize at least 100 billion dollars a year since 2020 to support the ecological transition of developing countries has not been fulfilled, but assured that his analyzes indicate that “progress will be made towards that goal in 2022 “and that he is confident that it will come true in 2023.
Espinosa, for his part, highlighted the importance of the financial commitments that funds from all over the world are making at this summit.
“Since we met in Madrid (2019) we have seen a change in the financial sector, especially in the private sector, which is understanding that climate risks are very important for their portfolios,” said the UN executive secretary.
UN Special Envoy for Climate Actions and Finance Mark Carney reflected this morning on the availability of funds for environmental causes.
“Make no mistake, the money is there if the world wants to use it,” he argued.
Espinosa quoted that statement and stressed that the phrase of the former governor of the Bank of England “expresses the situation” in which the world finds itself.
“The money is there, but we need to mobilize it for the climate. We need to put it at the service of this cause, to achieve the transformation we need to solve the greatest challenge facing humanity,” said the executive secretary.