![]() It adds: “On Friday, the capital upgraded its warning for hot weather to ‘red’ – the highest in a colour-coded alert system – saying most parts of the city could roast in temperatures of up to 40C. The Guardian reports that “Beijing logged its hottest June day since records began on Thursday, the national weather service said, as swathes of northern China sweltered in 40C heat”. There is continuing coverage of the extreme heat affecting parts of China. Radio France Internationale also covers the summit. France’s finance minister Bruno Le Maire commented that “strong cooperation in aerospace and agriculture should be expanded to new areas, including low-carbon fuels and green finance,” the outlet adds. Meanwhile, the Chinese premier Li Qiang is also attending the summit which aims to “spur efforts to support the world’s poorest nations and address the threats of climate change”, writes Bloomberg. ![]() The agreement with Senegal is the fourth such Just Energy Transition Partnership (JETP) and follows deals with Indonesia, Vietnam and South Africa struck since 2021.” The newswire adds: “A coalition of countries said it would provide €2.5bn ($2.7bn) to Senegal to help it achieve its target of 40% of installed capacity from renewable energies by 2030, president Macky Sall said on Thursday. Reuters notes that the International Monetary Fund announced at the summit yesterday it had hit its target of making $100bn in special drawing rights available for vulnerable nations. The newswire quotes him saying: “Who polluted the planet in these last 200 years were those who made the industrial revolution and for this they have to pay the historic debt they have with planet Earth.” Speaking at the “Power Our Planet” event, he said that richer nations with their “historic debt” to the planet should pay for the environmental damage that is being hoisted on poorer countries. īrazilian president Luiz Inácio Lula da Silva used his visit to Paris to make a speech before a large crowd in front of the Eiffel Tower, reports Reuters. However, the World Bank will only apply the clauses to new loans, and the announcements do not add up to the debt forgiveness that some countries would like to see.” In his opening remarks to the Summit for a New Global Financial Pact in Paris, French president Emmanuel Macron told delegates that “policymakers and countries shouldn’t ever have to choose between reducing poverty and protecting the planet”, reports France 24. Debt relief for governments struggling with the impacts of the climate crisis has been a key demand of poor countries. The UK also said it would apply similar arrangements to its loans to 12 countries in Africa and the Caribbean. It adds: “The international development organisation said it would insert new clauses in any agreements with developing countries, allowing them to suspend debt payments in the case of extreme weather events, starting with some of the poorest and most vulnerable nations. “Poor countries will be able to pause their debt repayments if hit by climate disaster, under plans announced by the World Bank at the finance summit in Paris”, reports the Guardian.
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