"Time to redefine the rules": ONE campaign ahead of the Summit for a new global financing pact

Ahead of the Summit for a New Global Financing Pact to be held in Paris on June 22-23, ONE has initiated a campaign entitled "Time to Redefine the Rules" calling on policymakers to push for a restructuring of the international financial architecture to support the most vulnerable countries.

THE #REDEFINETHERULES CAMPAIGN

This campaign highlights the disproportionate impact of the crises of recent years on the most vulnerable countries, from the Covid-19 pandemic to the cascading consequences of the war in Ukraine and climate change. Low-income countries are thus particularly affected by the impacts of the current polycrisis, lacking the financial resources to address it and the means to effectively protect their populations. It is the responsibility of high-income countries, as the primary polluters, to assume their responsibilities by financially supporting the most vulnerable countries.

ONE France’s campaign aims to raise collective awareness while also calling on the French President and to all political leaders worldwide to take action.

REQUESTS MADE BY ONE FRANCE

ONE France has formulated three main requests to help make this summit a success :

• Meet the commitments made by high-income countries to redistribute a share of their Special Drawing Rights (SDRs) to low-income countries and thus reach $100 billion.

• Reform the World Bank to triple its financing by 2030 to $1.2 trillion.

• Commit to mobilizing at least $50 billion per year through innovative taxes to support climate and development, such as a financial transaction tax (FTT).

HOW TO GET INVOLVED IN THE CAMPAIGN ?

To support the ONE France campaign, you can learn about and participate in the following activities :

• Sign the petition, an open letter addressed to Emmanuel Macron, in which Adenike Oladosu, a Nigerian climate activist, highlights the impacts of climate change and calls for immediate action at the Summit to support the most vulnerable populations.
• Discover the video and the poster campaign that points out the paradox of climate injustice that particularly affects the African continent, responsible for only 4% of global greenhouse gas emissions but first victim of the effects of global warming.
• Read about the main issues of the Summit explained by ONE’s Young Ambassadors (in French)
• Participate in an effort to call on the French President to invite him to show leadership during the Summit by sending him a message.