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Monaco pledges millions to climate fund

Monaco pledges millions to climate fund

By Stephanie Horsman - October 14, 2019

Monaco will invest €3 million in the United Nation’s Green Climate Fund from 2020 through to 2022.

Jean-Laurent Imbert, the First Secretary to the Permanent Mission of Monaco at the UN, spoke to the General Assembly’s Economic and Financial Committee last week, reaffirming the Principality’s commitment to the environment on a global level by offering this pledge.

He also reminded all present of Monaco’s firm dedication to reducing greenhouse gas emissions locally, as well as the country’s involvement in the ‘Nature Based Solutions’ coalition, and in the recently released IPCC report on oceans and the cryosphere.

The Economic and Financial Committee plays a particularly important role this year in light of the current high-level deliberations on the climate, development financing and sustainable development goals.

The upcoming year will see several important meetings of global leaders discussing the environment, including the COP 25 UN Framework Convention on Climate Change (UNFCCC) where teen activist Greta Thunberg will address the gathering in Santiago, Chile this December, the 2nd UN Oceans Conference in Lisbon in June 2020, and the 15th Conference of the Parties to the Convention on Biological Diversity (COP15) being held in February in Kunming, China.

 

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