Glasgow climate summit: Pedro Sánchez is committed to increasing climate funding by 50% in 2025

The Government President, Pedro Sánchez, has taken advantage of his brief intervention at the opening of COP26 to announce that Spain will increase its contribu

Glasgow climate summit: Pedro Sánchez is committed to increasing climate funding by 50% in 2025

The Government President, Pedro Sánchez, has taken advantage of his brief intervention at the opening of COP26 to announce that Spain will increase its contribution to international funding against climate change, with the aim of reaching 1,350 million in 2025 Euros per year at 2025, twice the current commitment.

"If we raise our level of ambition, we have to also provide resources, that is why the objective [of the international community] of the 100,000 million is going to be one of the COP26 fire tests when recovering the trust among the Northern and South Paí, "said Sánchez in his speech, just before President Joe Biden for the recognition of the role of Spain as a host of the last climate summit, the 2019 COP25 that organized next to Chile.

Likewise, it has said that Spain will contribute 30 million euros to the National Fund for the Adjuncting of the United Nations in 2022.

"Since we met in Madrid, two years ago, the certainty of the catastrophic risks of the climate crisis is increasing," said Sánchez entry. "Scientists certify that we are in the Red Code."

"The good news is that we know what needs to be done, but we need political determination and immediate action," he added. "The main objective should be to reduce emissions and raise our ambition level, so that the goal of a maximum increase of 1.5 degrees is still within our reach."

According to the president, "we need a new international order that recognizes the role of companies, civil society and the sector financed as agents of change. A new order that assumes that this decade is key and that it achieves an alignment of long targets term".

Sánchez advocated "Continue betting on renewable energy, energy efficiency and clean mobility. We have to abandon our dependence on fossil fuels (...) that's why our country has reduced the electric generation of coal by 90% in four years . And we have also done it with dialogue and social peace, because the ecological transition must be fair, "he argued.

"The decision to allocate almost 30,000 million euros to the ecological transition is the best way to pull out our political will. We have to create adequate frameworks for adaptation," defended the president, who recalled, which is something that our country understands well because It is especially vulnerable to extreme phenomena. "

"Our societies should not see the ecological transition as a threat, but as an immense opportunity," concluded Sánchez.

Updated Date: 07 November 2021, 17:12

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