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Global financing summit kicks off in Paris to address climate-related issues
Updated 14:19, 23-Jun-2023
CGTN

The Summit for a New Global Financing Pact kicked off in Paris, France on Thursday, with more than 300 participants from various sectors.

Chinese Premier Li Qiang was invited to attend the summit during his visit to France.

The international financing system "is the fruit of a past consensus, which was able to show its effectiveness," but it "is no longer entirely suitable, and must be realigned with our objectives," French President Emmanuel Macron said in his opening speech.

Macron called for more funding to meet the challenges of poverty, biodiversity and climate.

"Facing these challenges at the same time, poverty, climate and biodiversity, we must invest more, and we are not up to the task," he said at the beginning of the two-day summit.

The participants are expected to discuss climate change-related financing issues through six round tables, including overhauling the international financial architecture, restoring confidence, forging partnerships for strategies, and creating a conducive environment for the private sector.

(Cover: French President Emmanuel Macron delivers a speech during the opening session at the Summit for a New Global Financing Pact in Paris, France, June 22, 2023. /CFP)

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Source(s): Xinhua News Agency

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