Sommet pour un nouveau pacte financier mondial : cessez de financer les énergies fossiles

The document critiques the upcoming Summit for a New Global Financing Pact in Paris, highlighting the failure of Northern governments to meet the 100 billion dollar annual climate finance promise. It advocates for 'polluter-pays' taxes on shipping, aviation, and fossil fuel companies, and calls for a cessation of private financial services for fossil fuel expansion in the Global South.

• There is a significant gap between current climate finance and actual needs; while the 2009 Copenhagen promise was 100 billion dollars per year by 2020, Oxfam estimates actual flows were at most 24.5 billion dollars in 2020. Total needs by 2030 could reach 1,700 billion dollars when including the Loss and Damage Fund.
• The document proposes generating funds through 'polluter-pays' taxes on shipping, aviation, financial transactions, and fossil fuel companies, which could potentially raise 600 billion dollars annually. Additionally, it identifies the 423 billion dollars currently spent on fossil fuel subsidies as a viable funding source.
• Private finance for clean energy is unevenly distributed, with less than 10% of growth since 2021 occurring outside China and developed economies. In Africa, investors typically demand a rate of return for solar and wind projects that is twice as high as in Europe due to perceived risks.
• The author argues that any new global financial pact must require private banks and investors to stop financing fossil fuel expansion in the Global South, describing this as a necessary 'climate version of the Hippocratic Oath'.

APA

Martin, L. (2023). Sommet pour un nouveau pacte financier mondial : cessez de financer les énergies fossiles. Reclaim Finance. https://reclaimfinance.org/site/2023/06/15/sommet-pour-un-nouveau-pacte-financier-mondial-cessez-de-financer-les-energies-fossiles/

Chicago

Martin, Léo. Sommet pour un nouveau pacte financier mondial : cessez de financer les énergies fossiles. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/06/15/sommet-pour-un-nouveau-pacte-financier-mondial-cessez-de-financer-les-energies-fossiles/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Sommet pour un nouveau pacte financier mondial : cessez de financer les énergies fossiles |publisher=Reclaim Finance |date=15 June 2023 |url=https://reclaimfinance.org/site/2023/06/15/sommet-pour-un-nouveau-pacte-financier-mondial-cessez-de-financer-les-energies-fossiles/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2023sommet, author = {Martin, Léo}, title = {{Sommet pour un nouveau pacte financier mondial : cessez de financer les énergies fossiles}}, publisher = {Reclaim Finance}, year = {2023}, month = jun, url = {https://reclaimfinance.org/site/2023/06/15/sommet-pour-un-nouveau-pacte-financier-mondial-cessez-de-financer-les-energies-fossiles/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }