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France pledges 500 million euros more to ISA

IANS  |  Nairobi 

will commit 500 million euros more to the (ISA), said at the third Summit on reversing climate change, here on Thursday.

also declared creation of a 10 million euros facility to protect the biodiversity in

"The best response to the climate change is not words but actions. The could no longer be content with words," said at the summit. "We can no longer be content with words. We know, and for a long time," he said.

The ISA is an initiative by and to accelerate the technology-driven transformation of the world's

With the backing of nearly 121 member-rich in solar energy, 50 have, so far, ratified the ISA Framework Agreement.

ISA became a treaty-based inter-governmental international organisation on December 6, 2017, registered under Article 102 of the Charter.

"I don't believe in the desperate camp or the cynical camp. We are part of the determined camp. We need to put biodiversity at the heart of each of our actions," the French said.

This was the first regional edition of One Plant Summit, co-chaired by Macron and his Kenyan counterpart Uhuru Kenyatta, and also the Bank and

Focusing on Africa's environmental challenges, the summit was held on the sidelines of the Assembly that saw assembly of over 4,700 delegates, comprising tech experts, academics, scientists and activists from 170 here.

"Our youth says, 'You are not going fast enough.' She is right to get impatient, because we were too late. We make new commitments and invent a new model together," said Macron, who reached on Wednesday in the last leg of his tour of three East African

The French asked, "Is it necessary to replicate the model of 20 years ago to bring to all the villages in The answer is no."

"We must change our model and put the at the heart of the market economy. We must put the fight against global warming and biodiversity at the heart of each investment, business choices, the choices of our countries and our cities. I will take all my share," Macron said.

"The Summit is a way to collectively organise our action and to create a coalition of initiatives, actions, transformations," he said.

Bank Group said had so much potential for renewable. "It's also here we see the most dramatic effects of climate change. We must urgently invest in adaptation at the same time we support the shift to low carbon growth."

is stepping up its climate support for Africa. It will provide $22.5 billion for Africa for climate adaptation and mitigation for 2021-2025.

This is more than double the commitment to climate-related projects over the last five years.

The funding is part of the World Bank Group's '2025 Targets to Step Up Climate Action', launched in December 2018 during the UN's Climate Change Conference in

It will help African countries manage the risks of a changing climate, while unlocking new investment opportunities.

(is in at the invitation of UN He can be contacted at vishal.g@ians.in)

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 14 2019. 22:04 IST
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