Summit for a New Global Financial Pact to combat climate change and poverty: Where is that transition going?

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00:00 Tomer, when we look at the context of this and the shift as well towards green energy,

00:07 and let's face it, that's the way that many countries are now heading away from pollution

00:13 industries to try and keep those emissions down and the temperatures down. There's also a dark

00:18 side of that too, isn't there? There's this talk, you know, localised pollution. Where do you stand

00:23 on where that transition is going? Carbon, lithium, we need it for our electric vehicles,

00:30 our mobile phones. Yeah, sure. The very interesting, I think, at stake at the summit

00:37 is how you can innovate in policymaking to achieve exactly what you just said. I said that there is a

00:43 good way to achieve this in not opposing economic development and fighting climate change, in using

00:51 what you call leapfrogging initiatives. This is having a low carbon development trajectory

00:58 that actually computes three types of factors. Sufficiency. There are many things we don't need.

01:06 We strictly don't need them. We need a planet. There are many things we don't need. Sufficiency,

01:12 which is in France called sobriété, is telling us how to better manage our energy, but not only

01:20 energy materials and also resources. And this is a way to develop without hampering either social

01:27 progress nor the environment. The other thing is efficiency, specifically energy efficiency.

01:34 We have many things to do in our economies in the north to improve at the highest speed possible

01:41 our energy efficiency, meaning achieve the same goals with less energy. But those are technologies

01:48 we can definitely transfer to the south as fast as we can. This is exactly what is at stake when we

01:53 talked about those type of partnerships with South Africa, for example, is to share those

01:58 technologies and policymaking policies to our partners. And the last point on top of sufficiency

02:06 and efficiency is innovation itself. By design, you can create new business models that are

02:15 helping in fighting climate change. If you look at the example you mentioned different times,

02:20 the one forest summit, there is a business case for ecosystems regeneration. There is a business

02:27 case to regenerate forests as our main allies to combat climate change. There is a business case

02:33 for nature-based solutions. If you invest in nature, in oceans, in forests, then you put money

02:40 on where are the most effective solutions to both generate revenues for local people and to tackle

02:45 global environmental issues. Thomas Friant from Open Diplomacy, thank you. In a word, yes or no,

02:53 this summit, you see it as a success? It tends to be a success, but I'm looking forward to the

02:58 closing ceremony to make sure it's a success. 18 words or so, I think. Oliver Fary, if you had to

03:03 wrap up that interview and give a sense of how you've found him with the press, the achievements,

03:09 his potential influence with other leaders in getting something here. Do you see something

03:14 significant? Well, it's just getting the ball rolling more or less. There will be more things

03:19 to come. There'll be the G20 summit in India later this summer. There'll also be the COP 29

03:26 later this year in, or COP 28 rather, later this year in Dubai. So this is really just part of a

03:34 sequence. It's not a discrete, isolated event. It is getting the ball rolling and there will

03:44 be more people on board probably by the end of the year. And its influence will, if it is

03:50 successful, it will reach far into the future. It's pretty much too soon to say, so to speak.

03:58 Oliver Fary, thank you. Our international affairs editor.

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