EU and US can close the climate finance gap together, says von der Leyen

“But we call for that same leadership on setting out how China will get there. It is the authority on the science of climate change. “We saw floods in Belgium and Germany. And change is already happening. And we will make sure that higher climate ambition comes with more social ambition. The Commission President noted that major economies – from the US to Japan – have set ambitions for climate neutrality in 2050 or shortly after. “We deliver on our commitment. More electric vehicles than diesel cars were registered in Germany in the first half of this year. We will now propose an additional 4 billion euro for climate finance until 2027. Poland is now the EU’s largest exporter of car batteries and electric buses. “When it comes to climate change and the nature crisis, Europe can do a lot. Climate change is man-made. So clearly something is on the move,” the EU Commission President said. Team Europe contributes 25 billion dollars per year. But we can fix it. “The report leaves no doubt. “These need now to be backed up by concrete plans in time for Glasgow. We’re sure. But the goal is simple. This must be a fair green transition. But Europe cannot do it alone,” she said, stressing that the COP26 in Glasgow will be a moment of truth for the global community. Because current commitments for 2030 will not keep global warming to 1.5°C within reach. In Mexico and in Paris, the major economies committed to provide $100 billion s a year until 2025 to the least developed and most vulnerable countries. But while every country has a responsibility, major economies do have a special duty to the least developed and most vulnerable countries. My message today is that Europe is ready to do more. Turning to the European Green Deal, she noted that the EU Commission last year set a target of at least 55% emission reduction by 2030 and since then the bloc has turned its climate goals into legal obligations. EUROPEAN UNION, 2021/EC – AUDIOVISUAL SERVICE/CHRISTOPHE LICOPPE

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While every country has a responsibility, major economies do have a special duty to the least developed and most vulnerable countries to tackle climate change, European Commission President Ursula von der Leyen said. “We are the first major economy to present comprehensive legislation in order to get it done. Every country has a responsibility!” she said. Climate finance is essential for them – both for mitigation and adaptation,” she said. But others still leave a gaping hole towards reaching the global target. Closing that gap will increase the chance of success at Glasgow. As I heard it said recently:  It’s warming. You have seen the complexity of the detail. I am proud to announce today that the EU will double its external funding for biodiversity, in particular for the most vulnerable countries. We will clean the energy we use. In her state of the union address (SOTEU) in the European Parliament on September 15, von der Leyen said the events of the summer only served to explain why the bloc needs to step up efforts to reduce emissions. This is why we proposed a new Social Climate Fund to tackle the energy poverty that already 34 million Europeans suffer from,” von der Leyen said, noting that she counts on both Parliament and Member States to keep the package and to keep the ambition together. The goals that China’s President Xi Jinping has set for his country are encouraging, von der Leyen said. It’s us. And wildfires burning from the Greek islands to the hills in France. It is time to deliver. But since it is man-made, we can do something about it. And if we don’t believe our own eyes, we only have to follow the science,” she said, reminding that the UN recently published the IPCC report, the Intergovernmental Panel on Climate Change. We will put a price on pollution. We will have smarter cars and cleaner airplanes. But we expect the United States and our partners to step up too,” she said, adding, “Closing the climate finance gap together – the US and the EU – would be a strong signal for global climate leadership. style=”font-size:40px; line-height: 1.3em; font-weight: 800; padding:7px;”>EU and US can close the climate finance gap together, says von der Leyen

By New Europe Online/KG

Commission President Ursula von der Leyen delivers her state of the union address in the European Parliament in Strasbourg, France, September 15, 2021. The world would be relieved if they showed they could peak emissions by mid-decade – and move away from coal at home and abroad. And it will support others. It’s bad. Or take the New European Bauhaus that led to an explosion of creativity of architects, designers, engineers across our Union.