Sunday, November 28

US, EU and UK announce infrastructure development plan to tackle climate crisis


The United States (US), the European Union (EU) and the United Kingdom announced a joint infrastructure development plan “Clean, resistant and consistent with a future of zero emissions” with the aim of addressing the climate crisis within the framework of the United Nations Climate Change Conference (COP26) held in Glasgow.

The agreement reached by the US President, Joe Biden, the President of the European Commission, Ursula von der Leyen, and the British Prime Minister, Boris Johnson, consists of five “key principles”, among them that “infrastructure must be weather resistant and must be developed through a climate perspective”.

In addition, they have advocated “strong and inclusive partnerships” together with “the support of developed countries and the private sector”, which they consider “fundamental for the development of a sustainable infrastructure”, which “must be financed, built, developed, operated and maintained in accordance with high standards”.

Washington, Brussels and London have argued, on the other hand, that a new paradigm of climate finance is needed, that includes both public and private sources, to mobilize the millions necessary to reach the goal of zero emissions by 2050 and maintain the increase in the planet’s temperature at 1.5 degrees.

Finally, they have also agreed that the development of climate-smart infrastructure it must play “an important role in driving economic recovery and sustainable job creation”.

In this sense, Biden, Von der Leyen and Johnson have called on countries around the world to make similar commitments to drive global transformation. towards a “reliable and climate-smart infrastructure,” according to a joint statement.

The leaders of the United States, the EU and the United Kingdom have also met with other leaders to address these commitments, including Canadian Prime Minister Justin Trudeau; the presidents of Colombia and Ecuador, Iván Duque and Guillermo Lasso, respectively; and the Prime Ministers of India and Japan, Narendra Modi and Fumio Kishida.



elcapitalfinanciero.com

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