The EU funds will form part of the bloc’s External Investment Plan, and will be focused on sustainable cities, clean energy and sustainable agriculture. Miguel Arias Cañete, commissioner for climate action and energy for the EU, said the Paris agreement was already resulting in more investment flowing to moves to combat global warming. [There is] an upside in economic opportunities for resilience to climate change. “Despite the hype, the One Planet summit delivering little for the world’s people who are most vulnerable to climate change,” he said. “People in poor countries already living with increasingly severe hurricanes, floods and other disasters made worse by the climate crisis, need commitments for real money from rich countries.”

Source: The Guardian December 12, 2017 14:43 UTC