Loading ...Pope Francis calls for ‘global financial charter’ at Vatican climate change conference
Pope Francis called for a ‘new global financial charter’ by 2025 that would be centered on climate change and ‘ecological debt’ in a keynote address at the Vatican-organized ‘Climate Crisis to Climate Resilience’ conference.
“The restructuring and reduction of debt, together with the development of a new global financial charter by 2025, acknowledging a sort of ecological debt – we must work on this term: ecological debt – can be of great assistance in mitigating climate changes,” he said, appearing to allude to an already existing but as yet unpublished charter. The Pope’s three-fold plan also highlighted his call for “policy changes” based on climate adherence and the reduction of warming, fossil fuel reliance, and carbon dioxide.
While no further details were given about the charter Pope Francis referred to, in recent years increased attention has been paid to coordinating climate policies with finance, performing “debt for nature swaps” in line with the World Economic Forum’s policies, and addressing “ecological debt” itself, which is a term itself employed regularly by Francis.
This aim provides the basis for international governments to link provision of finance to the implementation of the “green” agenda of the Paris Agreement. The almost unknown Network of Central Banks and Supervisors for Greening the Financial System (NGFS) was born at the Paris “One Planet Summit” in December 2017, with the purpose of transforming the global economy in alignment with “green” climate change policies.
First time I’ve heard of the “Network of Central Banks and Supervisors for Greening the Financial System (NGFS)” and I read scores of articles 7/365!!
Is the Pope actually Klaus Schwab’s boss?