Interviewed on Friday on franceinfo before the closing of the Paris Summit, the President of the Republic also brushed aside the idea of cancelling the debt of the countries of the South, defending a restructuring with “sustainable financing models”.
“The priority is to get the major emerging countries out of coal”, estimated Emmanuel Macron, exceptional guest of franceinfo, RFI and France 24, Friday June 23, live from the Palais Brongniart, as part of the summit for a new global financial pact. Emerging countries need to get out of coal to “winning the climate battle”declared the President of the Republic.
>> IDEO. Summit for a new financial pact: what to remember from the interview with Emmanuel Macron, exceptional guest of franceinfo
“We also want to allow countries to develop in the best possible way”, underlines Emmanuel Macron. The leader ofEThe French state, organizer of the Summit for a new financial pact, reiterated its commitment to mobilize 2.5 billion euros, with a group of rich countries and development banks, to help Senegal, for example, reduce its dependence on fossil fuels .
“We will allow Senegal to develop its gas projects” and an increase in renewables, says Emmanuel Macron, believing that gas is “transitional energy”. “What’s wrong is if we say to emerging countries: ‘you have gas, but you don’t have the right to use it, even though in Europe you have countries that are opening coal-fired power plantshe explains. It’s absurd.”
Debt “if it exceeds a certain level” is “a trap” for the countries of the South
“No one can succeed if we don’t win this joint poverty-climate fight”summarizes the French president, also praising the progress “very concrete” of the Paris Summit, in particular on the restructuring of Zambia’s debt. On Thursday, Zambia’s creditor countries, including China, agreed to restructure part of its debt.
But the Elysée tenant brushed aside the idea of canceling the debt of the countries of the South, defending a restructuring of their debt with “sustainable financing models”. “If you cancel the debt overnight, the next day, good luck finding people who will lend you again”launches Emmanuel Macron.
>> Why the debt of the countries of the South prevents them from adapting to the climate crisis
Debt “if it exceeds a certain level” East “a trap” for the countries of the South, citing the debt contracted by certain African countries with China. If the debt contracted with China “exceeds a certain level, it is a trap for these countries”insists the head of theEtat. “We must have a common framework which is rather the framework of the OECD, that is to say which defines what is a sustainable debt”.