torsdag 22. april 2021

Global climate summit: Xi Jinping and Joe Biden united in drive for net-zero carbon emissions

Leaders from around the world called on Thursday for cooperation to reduce greenhouse gases towards an eventual goal of net-zero carbon emissions in a bid to tamp down a rapidly warming planet. Addressing a US-led global climate summit, President Joe Biden cited the need to balance costs and responsibilities while Chinese President Xi Jinping underscored the critical role of developing countries in sustainable development.

But European leaders were among the most detailed and forceful in their comments. “Economic recovery after the pandemic is something that we also want to use for innovation for technology so we invest in renewables, instead of in coal,” German Chancellor Angela Merkel said. And French President Emmanuel Macron underscored the importance of financial models and the buy-in of sovereign wealth funds, asset managers and private equity in green financing.