The French President Emmanuel Macron évoqué vendredi un “consensus complet” pour “réformer en profondeur” le système financier mondial, afin de le redre “plus efficace, plus équitable”, in clôture du sommet de Paris dédié à la lutte contre la pauvreté et climate change.
“We must start the work now” to also make it “more suitable for today’s world”, added the Head of State, announcing a “follow-up meeting” in Paris in two years on this “new consensus”.
After two days of meetings in the presence of forty heads of state and government, the president listed the progress. Among them, the restructuring of Zambia’s debt, and the goal already achieved of reallocating to poor countries 100,000 million dollars in special drawing rights (SDRs), a kind of reserve currency of the International Monetary Fund, which could be used to development and climate transition.
No carbon tax on shipping
He also reaffirmed that the promise made in 2009 by rich countries to release 100,000 million dollars a year from 2020 to help poor countries against global warming must finally be fulfilled this year, belatedly.
Emmanuel Macron also mentioned, vaguely, “a climate-resilient debt clause,” which would supposedly allow payments to be suspended in the event of a natural “disaster,” without specifying which countries or organizations would implement it.
Among the many initiatives cited, Emmanuel Macron did not mention possible progress towards a carbon tax on international shipping, which were nonetheless among the top goals of the summit.
Regarding this list of commitments or initiatives, “all those who are ready to formally adhere will be able to sign”, launched the French president to the leaders present, among them the Brazilian Lula, the Chinese prime minister Li Qianq, the US Treasury. Secretary Janet Yellen or many African heads of state.
He claimed to have been only “the notary”, “the notary” of his intentions, and proposed a “follow-up mechanism”. So far no joint declaration from the Paris summit has been published.
Source: BFM TV
