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World leaders, business tycoons and celebrities band together to fight climate change 2017 12 13


{O/C} Fifty world leaders, investment fund executives and energy magnates have wrapped up a summit in France aimed at building global momentum for the Paris climate accord.


The fight against climate change also got some star power.


Sonya Artero reports.


{SOT}

A one-day climate summit organised by France two years after the Paris accord was signed, ended when French President Emmanuel Macron announced 12 major commitments.


Among them, a 300-million-U.S.-Dollar pledge to fight global warming by transitioning towards a decarbonised economy.


Macron also vowed to launch a "One Planet Coalition" to monitor achievements.


Even though U.S. President Trump pulled America out of the Paris climate accord, California's governor vowed to stay in.


{Soundbite} JERRY BROWN, California Governor: And we're not going to turn the corner until we convince the leaders of the biggest-polluting nations to do much more than they are now. But, yes, you should applaud that because they're not listening yet.


One by one, stakeholders promised to get tough on climate change starting with a serious move by the World Bank.


{Soundbite} JIM YONG KIM, President of the World Bank: Today, we are announcing that the World Bank Group will no longer finance upstream oil and gas after 2019.


{Soundbite} ANTONIO GUTERRES, U.N. Secretary-General: We need policymakers and central banks, stock exchanges, pension funds, rating agencies and all financial actors to align investments with the needs of climate action and sustainable developments.


{Soundbite} THERESA MAY, British Prime Minister: And in terms of mitigating the impact on those who are the poorest in the world, I have announced today a further 140 million pounds that the United Kingdom will be spending in helping those countries that are the impost impacted by climate change.


{Soundbite} ERNA SOLBERG, Prime Minister of Norway: And hopefully this will be what you and I, as a consumer or a labour union, will ask for the pension system that their members are in, "Do you follow these standards?" If you don't follow these standards, we don't want to have our pensions in your pension fund.


{Soundbite} SEAN PENN, Actor and Climate Activist: As those responsible for climate change, the international community needs to support Haitian-led climate adaptation efforts with more financial and technical resources to respond to the urgent needs on the ground.


{Soundbite} ARNOLD SCHWARZENEGGER, Climate Campaigner and Former California Governor: Yes, we will take step by step incremental steps. Yes, it would go slow but eventually, after taking step by step, by step, by step, we will finish our marathon and we will create a clean energy future.


Sonya Artero, TVB news.


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