France to invest €1B to phase out fossil fuel in developing countries 

In Cairo, Egypt on Monday at the COP 27 climate summit, French President Emmanuel Macron said his country would commit to investing €1 billion to help developing nations lessen their use of fossil fuels.

  • EGYPT TODAY – “We won’t forfeit our climate commitments because of the Russian energy crisis,” Macron said, adding that France and other European high-income countries are committed to phasing out fossil fuel, along with aiding developing nations achieve that as well.
  • POLITICO – Speaking at the COP27 climate summit in Sharm El-Sheikh, Egypt, Macron gave his support to elements of a plan outlined by Barbados’ Prime Minister Mia Mottley that seeks to overhaul the way climate finance flows to the countries that most need it. 
  • NHK WORLD JAPAN – The two-day World Leaders Summit of the UN climate change conference opened in the eastern Egyptian resort of Sharm el-Sheikh on Monday with leaders from more than 100 nations and regions taking part.
  • YAHOO NEWS – German Chancellor Olaf Scholz, Macron and British Prime Minister Rishi Sunak are among the biggest names at the start of the two-week event. US President Joe Biden and Brazil’s President-elect Luis Inacio Lula da Silva are due to appear later on.