“Power Our planet”, the Global Citizen campaign ahead of the Summit for a New Global Financing Pact
Publié le 26/06/2023.
| Focus 2030 has produced a Special Edition to present the issues at stake at the Summit for a New Global Financing Pact, and the solutions it could bring. In this dossier, you’ll find facts and figures, infographics, expert interviews, citizen mobilization campaigns and survey results relating to the Summit. |
POWER OUR PLANET » CAMPAIGN
Inspired by the “Bridgetown Initiative” developed by Mia Mottley, the Prime Minister of Barbados, “Power Our Planet” calls for a radical transformation of the functioning of global financial systems. .
This campaign encourages governments, development banks, philanthropists, and big corporations to provide vulnerable and developing countries access to the financing they need to accelerate their ecological transition, build resilience to natural disasters, and invest more rapidly in essential programs to fight poverty, but also for public health, food security, and education.
The Global Citizen campaign is co-chaired by the Prime Minister of Barbados and supported by political leaders from both the South and the North, as well as organizations such as the Center for Environmental Peacebuilding, Germanwatch, Malala Fund, ONE, Oxfam and ReWild.
Launched on April 27 at the Global Citizen NOW event in New York, the campaign will continue throughout the year and will focus on major international events scheduled for 2023 : the Summit for a New Global Financing Pact to be held in Paris on June 22 and 23, the G20 summit in New Delhi in September, the annual fall meetings of the World Bank and the IMF in October, and the COP28 to be held in Dubai from November 30 to December 12, 2023.
As part of this campaign, Global Citizen organizes “Power Our Planet : Live in Paris – a public event on the Champ de Mars – alongside the Summit for a New Global Financing Pact.
It will bring together activists, world leaders and artists – such as Billie Eilish, Lenny Kravitz, Ben Harper and others – to call on world political leaders at the Summit to make ambitious commitments to finance the fight against climate change and extreme poverty in the most vulnerable countries. Click here to win tickets to the event.
GLOBAL CITIZEN’S REQUESTS
The campaign has three main objectives :
- Goal 1 : Ensure that industrialized countries meet their commitments
- By implementing the $100 billion per year in climate finance pledged to vulnerable countries in 2009 at COP15, scheduled to be achieved by 2020
- By reallocating $100 billion in Special Drawing Rights (SDRs) to vulnerable countries. The majority of the SDRs emitted in 2021 to support countries in their response to the Covid-19 pandemic and to invest in green energy, have so far been allocated mostly to the richest countries.
- By meeting the target of allocating 0.7% of the gross national income of the wealthiest countries to official development assistance, particularly in the areas of education, health and food security.
- Goal 2 : Reform development banks to unlock additional funds
- By unlocking new funds through the reform of international financial institutions, such as the World Bank and the International Monetary Fund (IMF). The development banks have an estimated $1 trillion in assets, but the way they currently operate hinders the mobilization of these resources.
- By providing more loans to countries that need financing, by reforming their procedures to better respond to the climate crisis and, in the current context of the debt crisis that is severely hitting low-income countries, by finding urgent solutions to prevent further debt distress.
- Goal 3 : Make the biggest polluters contribute to the fight against climate change
- By involving the most polluting companies win the fight against climate change, especially since 20 companies are responsible for a third of the world’s carbon emissions and yet continue to expand their activities despite their harmful consequences for the climate and populations. The campaign calls on these companies to go zero carbon and create new sources of revenue to fund climate solutions. In addition, it encourages governments to implement a global solidarity tax on the largest CO2 emitters.
ACTIONS TO SUPPORT THE GLOBAL CITIZEN CAMPAIGN
- Sign the petition calling for urgent global financial reform.
- Call on the French government, co-host of the Paris Summit, to act and invite President Emmanuel Macron to put forward ambitious measures for the reform of the international financial architecture on June 22 and 23.
- Email or tweet to invite heads of states in high-income countries to take action to build a more sustainable, just and equal world.
- Calling on U.S. Congress representatives on Twitter to approve the 2024 budget, which proposes an ambitious 11 percent increase in U.S. development assistance, reaching a total of $70.5 billion.
- Download the application and share the campaign with your friends and family to encourage them to take action and post your commitment on social networks.
Check out Emmanuel Macron’s intervention at the Global Citizen NOW event on April 28, 2023 in New York :
