To combat climate change, “money is not a problem if we want to use it well”. This was underlined by Prime Minister Mario Draghi at Cop26 in Glasgow. “We must build on the agreement reached at the G20 – he continues – to act faster. We must bring the private and public sectors together. Prime Minister Boris Johnson underlined the amount of money available: there are tens of billions”.
“But now we have to use them – he continues we must find an intelligent way to spend them and spend them quickly. First of all, international development banks, and especially the World Bank, must share with the private sector the risks that the latter cannot. We need national platforms, where multilateral development banks can share the risks and make this money usable, “he stresses.
Climate change, he said, “also has serious repercussions on global peace and security. It can dissipate natural resources and exacerbate social tensions, lead to new migratory flows, contribute to terrorism and organized crime. Climate change can help us. pieces”.
Heads of state and government around the world should “learn” from young people, who have brought the fight against climate change “to the top” of the political agenda. And they should also “listen to them”, said Draghi. “In recent years – he said – young people have done us a favor, bringing the climate agenda to the top of the political debate. The young people who have been at the center of the Milan Pre-Cop: here in Glasgow we must make them proud”.
“Young people must be at the center of this process – he continues – we want to transform the ‘Youth for Climate’ event held in Milan into a regular appointment for all Cops. Future generations will judge us for what we can do, or for what that we cannot do. We must involve them, listen to them and, above all, learn from them “, he said again.
At Cop26 in Glasgow “we must go beyond what we did at the G20” in Rome. “We need to accelerate our commitment to keep the global temperature rise below 1.5 degrees. We need to leverage the G20 agreement” to “act faster and more decisively”.
Cop26 in Glasgow “must be the beginning of a new phase of push, a quantum leap in our battle against climate change”, underlined the premier. The impact of climate change “is already all too evident. And its cost is also rising fast, especially for the poorest countries. The cost for families and businesses in low- and middle-income countries amounts to 390 billion dollars”.
“Focusing on renewables, but they have limits”
“We need to accelerate technological innovation in the field of renewable energy, in particular by developing new batteries, going beyond the current lithium technology.” But “in the long term, we must be aware, renewable energies may have limits,” said Draghi, speaking in Glasgow at the conference “Action and solidarity: the critical decade”.
The European Commission, he continued, “tells us that they may not be enough to reach the ambitious goals we have set for 2030 and 2050. So, we need to start developing alternatives now, because they will only become usable in a few years. In the meantime. , we need to invest in innovative carbon ‘capture’ technologies. We need to understand one thing: whether it’s new technologies or infrastructure or climate adaptation programs, money may no longer be a problem if we involve the private sector “, he concluded.
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