European leaders advocate multilateralism in COP30: "The impact of our decisions will be felt around the world."
Brazilian President Luiz Inacio Lula da Silva has accused the big banks of subsidizing the oil sector and the war in Ukraine of encouraging the exploitation of fossil fuels.
German Chancellor Friedrich Merz, European Commission President Ursula von der Leyen , and Prince WilliamK have defended multilateralism in their respective agreements at the COP30 leadership summit in Belem, Brazil, which they have been holding since Thursday, although officially starting next Monday.
Merz confirmed today, Friday, the climate targets of Germany and the European Union (EU), but also called for a 'global effort' to combat climate change, pointing out that countries with high levels of emissions and strong economies - China and the Goldo countries - should help finance the poorest nations.
On the other hand, Prince William recalled on Thursday that "climate change is not a distant threat "and added that "we must ask ourselves what legacy we want to leave, because the impact of our decisions will be felt around the world."
Von der Leyen believes that it should be this summit that keeps the goal of not exceeding 1.5 ° C of global warming "within the reach" of the international community. "Europe remains steadyand we offer our support to our partners to do the same. The whole world should take advantage of the transition to clean energy, "he stressed.
Brazilian President\ u00A0,host of the Luiz Inacio Lula da Silva\u00A0summit, this Friday accused large banks of subsidizing the oil sector and called for a plan to reduce their dependence on fossil fuels.
Lula has also referred to the war inUkraine and stressed that the war has led to the reopening of coal mines. He has also criticized the fact that spending on arms instead of on the fight against global warming means, in his view, "paving the way for the climate apocalypse . "
In his view, the Earth no longer supports a development model based on "intensive use of fossil fuels" and recalled that "since the adoption of the Paris Agreement, the participation of fossil fuels in the global energy matrix has fallen from 83% to 80%."
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