“There will be no climate justice without making the polluters pay,” said Patience Nabukala, part of the Fridays for Futures Uganda activist group. Biden said his words would have no negative impact on U.S.-China relations and that he still expects to meet with Xi sometime soon.Ĭlimate activists gathered in central Paris on Friday to make polluters pay for climate damage. President Joe Biden defended his harsh public remarks on China, in which he called President Xi Jinping a dictator. “It’s something we can do and something the world expects of us.”
“As the world’s two largest economies, we have a responsibility to work together on global issues,” she said. and China were able to collaborate on the fight against climate change, with Qiang also attending. Yellen said during Friday’s closing ceremony she was pleased that the U.S. Other attendees included China’s Prime Minister Li Qiang, Brazil’s President Luiz Inácio Lula da Silva, European Commission President Ursula von der Leyen, World Bank head Ajay Banga and IMF President Kristalina Georgieva. was represented by Treasury Secretary Janet Yellen and climate envoy John Kerry. Many officials from poor and climate-vulnerable nations attended, with only two top leaders from the Group of Seven most developed countries - Macron and German Chancellor Olaf Scholz - in the audience. And Senegal reached a deal with the European Union and western allies to support its efforts to improve its access to energy and increase its share of renewable energy to 40% by 2030. French officials said debt-burdened Zambia reached a deal with several creditors including China to restructure $6.3 billion in loans. The summit’s first day included announcements of a pair of deals. “The aspect of climate justice and equity has been more or less excluded from the global climate negotiations and the discourse,” Thunberg said. “To understand how they can replace the current financial structures that are reproducing the colonial structure,” she said.įellow activist Greta Thunberg, speaking alongside Grace on the sidelines of the meetings, agreed. Ineza Grace, a young climate activist from Rwanda, said a good outcome for the summit would be the emergence of a new vision in developed countries for what they need to do.
The French presidency then said France would share 40% of its own assets from the COVID-19 pandemic.
The International Monetary Fund has made $100 billion worth of assets - called Special Drawing Rights - available to certain vulnerable countries. To bring in more money, activists are pushing for a tax on the fossil fuel industry and another one on financial transactions - but those two proposals appear to have little support from wealthier nations. Some experts believe that a tax on shipping alone could raise $100 billion a year, and a strong declaration on this in Paris might provide Macron with a symbolic win, especially if it gets backing from the IMO next month. In addition, the idea of implementing a tax on the greenhouse gas emissions produced from international shipping has been gaining traction, with possible adoption at a July meeting of the International Maritime Organization.
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