MAINTENANCE – The Director General of the French Development Agency and President of the Club of Development Banks (IDFC) takes stock of the conference.
Rémy Roux is Managing Director of the French Development Agency and President of the Development Banks Club (IDFC).
LE FIGARO.- Should we be happy with the results of COP27?
Rémy RIOUX.- It was expected that this COP27, in Africa, places at the heart of the discussions the most vulnerable countries, those which are most affected by climate change, without being responsible for it. As such, this meeting is a great success for them, with the creation of a “loss and damage” fund. The other results, on the other hand, are insufficient, in particular on the ambition (reduction of greenhouse gas emissions, Editor’s note) and the exit from fossil fuels. Fortunately, the Paris Agreement remains a solid framework for making an annual update and relieving pressure.
The COP estimates that it takes $4 trillion a year in environmentally friendly investments, worldwide, to achieve carbon neutrality by 2050
Should a new fund be created?
Several already exist, for adaptation, for the least developed countries, and so on. Without forgetting the famous 100 billion dollars a year that the developed countries have…
This article is for subscribers only. You have 60% left to discover.
Black Friday
-70% on digital subscription
Already subscribed? Login