The Latest: Leaders stress all must speed up on climate

The Latest on the climate summit taking place in Paris (all times local):

9:55 a.m.

Top world officials have opened a climate summit in Paris by saying investors and the entire global financial system need to shift faster toward energy and businesses that don’t worsen climate change.

The prime minister of the island nation of Fiji said “we are all in the same canoe,” rich countries and poor. Opening the summit, Frank Bainimarama said “financial pledges need to flow faster through more streamlined systems and make a difference on the ground.”

Japan’s Foreign Minister Taro Kono described ways Japan is investing in climate monitoring technology and hydrogen energy, but acknowledged “we have to do more and better.”

French Foreign Minister Jean-Yves Le Drian said Tuesday’s summit is aimed at making efforts to cut emissions more “credible.”

The summit, co-hosted by the U.N., World Bank and French President Emmanuel Macron, is being held on the second anniversary of the Paris climate accord, ratified by 170 countries.

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9:50 a.m.

Activists pretending to represent a massive wave of oil are holding a protest in Paris at the start of an international climate summit.

A few hundred protesters demonstrated Monday in front of the domed Pantheon monument on Paris’ Left Bank as hundreds of world leaders, financiers and others gathered across town for the summit. The protesters unfurled a massive sheet and carried a huge banner reading “Not one more euro for energies of the past.”

CEOs of banks and energy companies are joining more than 50 heads of state at the summit, which is aimed in part at speeding up investment in energy that doesn’t damage the climate.

French President Emmanuel Macron hosted leading world philanthropists Tuesday morning to encourage more climate-related investment.

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8:15 a.m.

More than 50 world leaders are gathering in Paris for a summit that President Emmanuel Macron hopes will give new momentum to the fight against global warming, despite U.S. President Donald Trump’s rejection of the Paris climate accord.

Some 3,100 security personnel are fanned out around Paris for Tuesday’s event, including extra patrol boats along the Seine River. Macron will accompany the visiting leaders to the summit site on a river island by boat.

Sean Penn, Arnold Schwarzenegger and Elon Musk are among prominent figures joining the world leaders at the summit, which marks the second anniversary of the Paris accord.

Participants are expected to announce billions of dollars’ worth of projects to help poor countries and industries reduce emissions.

Macron, who’s also using the event to raise his international profile, did not invite Trump.

Source: abcnews.go.com

Author: Tech Poster

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