Today, the Minister of Foreign Affairs and International Cooperation, Luigi Di Maio, spoke at the opening of the COP26 Climate and Development Ministerial, organised by the United Kingdom, in virtual mode, in the run up to the COP26.
In his speech, Minister Di Maio pledged Italy’s full commitment, as G20 President and COP26 co-partner, to fostering a global recovery from the pandemic that shall be green, sustainable and inclusive and based on strengthened multilateral cooperation. This latter objective is also particularly important for developing countries, which, due to COVID-19, will be left with fewer financial resources to combat the consequences of climate change.
In this regard, the Foreign Minister expressed his hope that the international community may come up with a package of measures to support the spending and investment capacities of the most vulnerable countries.
Finally, Minister Di Maio stressed the importance of adopting a strategic perspective that looks to the sustainable development goals of the UN 2030 Agenda, including the achievement of climate neutrality by 2050. All this, the Minister concluded, will require additional “green finance” instruments to be identified, also through the greater involvement of the private sector.