Leaders Are Calling For “Finance Shock” At Climate Summit In Paris

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A meeting that could change the way global finance is done has kicked off in France.

The Summit for a New Global Financial Pact is in Paris and is set up to seek financial solutions to the interlinked global goals of tackling poverty, curbing planet-heating emissions, and protecting nature, perAround 40 global leaders have assembled in order to map out sweeping reforms of global public finance to bring trillions of investments from the private sector to development and climate action. Welcome. It’s about time, everyone.

“Policymakers and countries shouldn’t ever have to choose between reducing poverty and protecting the planet,” Macron said. “It seems there is plenty of money, so please do not tell us that we have to accept toxic air and barren fields and poisoned water so that we can have development,” she said.

 

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