HONG KONG: Representatives from thirty European cities gathered in Paris on Thursday to formalize their commitment to eco-friendly policies and to emphasize the role of major urban centers in the fight against climate change.
Delegates also signed a declaration, pledging to reduce greenhouse gas emissions at least 40 percent by 2030, in line with the European Union’s climate change roadmap, and to use an estimated nearly $11 billion combined purchasing power to invest in green products and services.
In a joint statement published Wednesday in French daily Le Monde, mayors from 26 European cities — including Rome, Athens, Madrid, Geneva, and Stockholm — said they had “decided to join forces and strengthen the instruments that will lead us toward the energy and environmental transition.”
Delegates arrived at the conference in Paris in Autolib’ cars — the French capital’s three-year-old electric car-sharing service — adorned with their national colors.
The conference — a joint initiative by Paris mayor Anne Hidalgo and her Roman counterpart Ignazio Marino — was also attended by France’s foreign affairs minister Laurent Fabius and president François Hollande, who alluded to Europe’s climate and energy targets for 2030.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
