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Climate summit cannot be "politically correct green act of bunny hugging," UK prime minister says

April 22, 2021. Summarized by summa-bot.

Compression ratio: 25.2%. 2 min read.

The virtual climate summit hosted by US President Biden cannot be “some expensive politically correct green act of ‘bunny hugging’” and must be about “growth and jobs,” British Prime Minister Boris Johnson said on Thursday.

The virtual climate summit hosted by US President Biden cannot be “some expensive politically correct green act of ‘bunny hugging’” and must be about “growth and jobs,” British Prime Minister Boris Johnson said on Thursday.

He said he was “absolutely delighted” to have US President Biden “leading from the front” on climate, adding that “the nationally determined contributions set out by the [US] President is a big step up and I think it’s a benchmark, it’s for others as well the big emitters, to have a look at and see what more they can do. ”

Speaking in Spanish, Francis spoke about the Covid-19 pandemic and the impact on nature and climate change it had when the world “stopped. ” 

The world “needs to reverse course” on climate as actions taken since the Paris agreement have “proven insufficient,” Italian Prime Minister Mario Draghi said on Thursday.

The second question, she said, is how should governments target public sector climate finance to mobilize private sector investments, noting that “past efforts to support private investment have not achieved anywhere near the scale needed to green the global economy. "

US President Biden’s summit today could be a game changer for climate change, according to the Secretary-General of the Organisation for Economic Co-operation and Development said, an influential international policy organization.

Europe wants to be “the first climate-neutral continent in the world,” European Commission President Ursula von der Leyen said during Thursday's climate summit.

With this, we write into stone the goal set out by the European Green Deal – to make Europe climate-neutral by 2050,” von der Leyen said.

“It will require mobilizing finance at an absolutely unprecedented level, and it will require governments to help facilitate the net-zero transition around the world, and to help … the vulnerable countries, the people who just don't have the finance or the technology or the ability to do this,” he said.

Governments, he said, need to lead in "making sure that real material climate risks to financial systems are measured, disclosed and mitigated. ” The response, he added, is “about international security, regional stability, food security, and gender and racial equality. ”

Mobilizing against the threat of climate change, Biden told the world leaders, is “an investment that’s going to pay significant dividends. ”

He noted the Development Finance Corporation is also committing to net zero emissions in its investment portfolio by 2040, and has increased climate focused investments to 33% of all new investments beginning in 2023, which, Biden said, is “the earliest of any country. ”

We need to ensure that the financing will be there, both public and private, to meet the moment on climate change and to help us seize the opportunity for good jobs, strong economies, and a more secure world,” he said.

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