One Planet Summit was held in France
One planet summit focusing on public and private finance in support of climate action was held in Paris on 12 December 2017. The President of the French Republic, Emmanuel Macron, the President of the World Bank Group, Jim Yong Kim, and the Secretary-General of the United Nations, António Guterres, and CEOs addressed the ecological emergency for our planet.
The One Planet Summit aims to:
1. Act concretely and collectively: solutions exist and need to be deployed globally and locally as swiftly as possible; 2. Innovate: by being creative and resourceful in adapting our systems to inevitable changes and stepping up our efforts to reduce greenhouse gas emissions; 3. Support one another: we are all affected by climate change, but some are more vulnerable than others. For the common good, we need to work together and increase our support to the countries and peoples who need it most.
At One Planet Summit, several events were held as below:
Sustainable Finance Facilities- UN Environment and BNP Paribas sign a milestone agreement to establish collaborative partnerships with a target of capital funding amounting to USD 10 billion by 2025 in developing countries; Climate Action 100+ - 225 investors with more than USD 26.3 trillion assets under management to engage with 100+ companies to accelerate climate action.
Also, Climate Finance Day 2017 took stock of climate action in the financial sector since COP21 as a side event of the One Planet Summit.
It is showcase recent initiatives and innovations from the financial sector to accelerate the adoption of forward-looking strategies around the world. Those initiatives contribute for realizing a sustainable earth.