Hello Piku. France pushed a lot on ambition. She defended mentioning in the texts the need to limit global warming to 1.5°C, to reach a peak in emissions by 2025 at the latest, as the IPCC says in its latest report, to have rapid reductions, to review climate commitments next year for countries that are not aligned. She also pushed to register an exit (or a reduction to a minimum) of all fossil fuels, so oil and gas too. It changed its position on loss and damage (like the EU): following saying that the fund was not necessarily the best mechanism, it defended its creation at the end of the week. It has also paid 20 billion euros for loss and damage through a new mechanism, the global shield, which will help the most vulnerable countries but above all through insurance. More broadly, Emmanuel Macron defends a global reform of the financial system. He will convene a summit in Paris in June 2023 to put in place “a new financial pact” with vulnerable countries. He will co-host it with the Prime Minister of Barbados, Mia Mottley.
“Countries are not ready to question their economic model, which is what it would take to have a chance of keeping global warming at 1.5°C”
