Paris, France- December 12, 2017<\/p>\n
Today at the\u00a0One Planet Summit<\/em><\/i><\/a>, on the 2nd anniversary of the Paris Agreement, world leaders gathered once again in the French capital to underscore how financial flows are shifting billions and trillions towards a low-carbon future that will benefit peoples and livelihoods.<\/p>\n Patricia Espinosa, Executive Secretary UN Climate Change, said: \u201cToday has marked another extraordinary moment in the world-wide efforts to turn the promise of the Paris Agreement into a global reality\u2014in other words delivering a climate secure future to all corners of the Earth and contributing to the sustainable future of every man, woman and child\u201d.<\/p>\n \u201cFrom the United Nations system to governments and investors, billions of dollars have today been mobilized and trillions more pointed towards a transformation of the world\u2019s energy to agricultural sectors, adding to the finance that has already been flowing before, during and since Paris 2015\u201d.<\/p>\n \u201cWe know this is going to be a long journey and there will be bumps along the way. But the alignment of so many areas of the global economy, the process to reset the financial system and the support for developing countries\u2019 national climate action plans or NDCs announced today, should give everyone a sense that the urgency needed and the scale required is being forged\u201d.<\/p>\n \u201cWe look forward from the\u00a0UN Climate Conference 2017 in Bonn<\/a>\u00a0and the One Planet Summit in Paris, to California, COP24 in Poland in 2018 and the UN Secretary-General\u2019s Summit in 2019 as the world moves to raise ambition further before 2020 under the UN climate change process.\u201d<\/p>\n The conveners of the Summit \u2013 \u00a0French President Emmanuel Macron, World Bank President Jim Yong Kim and UN Secretary-General Ant\u00f3nio Guterres \u2013 signed a Declaration to welcome the outcomes of the event, which launched an array of landmark commitments.<\/p>\n These are helping to demonstrate that public and private finance is rapidly being deployed in both developed and developing countries to strengthen sustainable development and assist nations towards achieving their national climate action plans, known as NDCs.<\/p>\n This momentum also represents a broader reshaping of the world\u2019s financial architecture, which will be fundamental to creating the conditions for a successful Talanoa Dialogue next year and the urgency of countries to raise ambition further and faster.<\/p>\n The French government has identified\u00a012 #OnePlanet commitments<\/a>.<\/p>\n The following list includes most of these and other key announcements made during the<\/em><\/i>\u00a0One Planet Summit that<\/em><\/i>\u00a0will help to keep global temperature rises to well below 2 degrees and, in turn, safeguard the meeting of the 2030 Sustainable Development Goals:<\/em><\/i><\/p>\n EU External Investment Plan: climate-smart investments worth EUR \u20ac9 billion unveiled at ‘One Planet Summit’:<\/strong><\/b><\/p>\n Sustainable Finance Facilities: UN Environment and BNP Paribas sign a milestone agreement to establish collaborative partnerships with a target of capital funding amounting to USD 10 billion by 2025 in developing countries:<\/strong><\/b><\/p>\n Climate Action 100<\/strong><\/b>+: 225 investors with more than USD 26.3 trillion assets under management to engage with 100+ companies to accelerate climate action:<\/strong><\/b><\/p>\n The Caribbean Climate Smart Coalition: Caribbean leaders launch ambitious plan to create the world\u2019s first \u201cclimate smart zone\u201d, seeking rapid implementation of USD 8 billion climate investment plan:<\/strong><\/b><\/p>\n UN Women: Initiative to boost resilience of women and youth in the Sahel through climate-smart agriculture will transform livelihoods of a million people by doubling their income in three years:<\/strong><\/b><\/p>\n UNITLIFE: Initiative to galvanize new global, regional and national level public-private partnerships for generating more innovative financing for 2030 Sustainable Development Goals:<\/strong><\/b><\/p>\n Task Force on Climate-related Financial Disclosures (TCFD): Two hundred thirty-seven companies with a combined market capitalization of over $6.3 trillion have publicly committed to support the TCFD:<\/strong><\/b><\/p>\n EBRD and global cities group scale up green urban financing<\/strong><\/b>:<\/strong><\/b><\/p>\n Leaders of countries and regions across the Americas\u00a0vow to put a price on greenhouse gases<\/a>\u00a0as a key instrument in the fight against climate change:<\/strong><\/b><\/p>\n Canada and World Bank Partnership<\/strong><\/b>\u00a0to support effective climate action in developing countries in support of the Paris Agreement:<\/strong><\/b><\/p>\n AXA accelerates its commitment to fight climate change: multiplying green investments fourfold to Euro 12 billion by 2020; and committing to over Euro 3 billion of additional divestments from carbon-intensive energy producers:<\/strong><\/b><\/p>\n Storebrand, Norway\u2019s biggest private pension fund, launched a USD 1.3 billion fossil-fuel-free bond programme and urged investors to do more to curb climate change:<\/strong><\/b><\/p>\n The World Bank to no longer finance upstream oil and gas projects after 2019:<\/strong><\/b><\/p>\n Green Bonds Pledge: Industrial issuers of \u20ac26 billion in Green bonds pledge to double down on green financing:<\/strong><\/b><\/p>\n Financial Disclosure in China: \u201cBy 2020 every listed company in China must disclose information on environmental impacts\u201d:<\/strong><\/b><\/p>\n Shareholders Resolutions: Exxon has bowed to shareholders\u2019 demands to provide details on climate-change impact to its business:<\/strong><\/b><\/p>\n 89 French companies, representing an overall turnover of 1,5 billion Euros and 6 million jobs worldwide, committed to invest massively in low-carbon solutions as part of the\u00a0French Business Climate Pledge<\/a>:<\/strong><\/b><\/p>\n One Planet Charter: ICLEI, Global Covenant of Mayors, and C40 announce to charter to accelerate Local Implementation of the Paris Agreement:<\/strong><\/b><\/p>\n Urban 20 (U20): C40 Cities launch U20 initiative to raise the profile of urban issues and enhance the role of cities in the G20 agenda<\/strong><\/b>:<\/p>\n Research on health benefits of climate action in Paris holds lessons for cities worldwide:\u00a0<\/strong><\/b>such action adds 3 weeks to average life expectancy for every citizen of Paris and could prevent 45,000 premature deaths globally each year:<\/strong><\/b><\/p>\n The BNP Paribas Foundation and the Bill & Melinda Gates Foundation, under the patronage of the President of France, launch\u00a0One Planet Fellowship<\/a>:<\/strong><\/b><\/p>\n UNIDO has mobilized US$849m to protect the ozone layer and reduce global warming:<\/strong><\/b><\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Today at the One Planet Summit, on the 2nd anniversary of the Paris Agreement, world leaders gathered once again<\/p>\n","protected":false},"author":1,"featured_media":1318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[90,43,5,12,24,22,44,7],"_links":{"self":[{"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/posts\/1317"}],"collection":[{"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/comments?post=1317"}],"version-history":[{"count":0,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/posts\/1317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/media\/1318"}],"wp:attachment":[{"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/media?parent=1317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/categories?post=1317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/tags?post=1317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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