www.ecb.europa.eu
Speech by Christine Lagarde, President of the ECB, at the Summit for a new global financing pact in Paris
Paris, 23 June 2023
I am truly honoured to be with you here today at this important summit to address the most pressing issue of our time.
Eight years ago in Paris, UN Secretary-General Ban Ki-moon opened the COP21 by stating that “Paris must mark a turning point […]” towards limiting global warming to 1.5 °Celsius.[1]
Today, the window of opportunity to achieve this goal is closing before our eyes: The past eight years have been the warmest on record worldwide[2] and the critical 1.5 C threshold for annual temperatures will likely be exceeded in at least one year before 2027.[3]
Record-breaking droughts, heatwaves and floods are already plaguing the world. They are inflicting suffering and damage on every continent and serve as a mere glimpse into the future. It is everyone’s duty to take every possible step to ensure that the Paris climate goal is reached.
Not only is…