Paris, 21 June 2023 (TDI): EU Commission President Ursula von der Leyen will travel to Paris on Thursday, June 22, to participate in the Summit for a New Global Financing Pact hosted by President Emmanuel Macron.

The summit aims to establish the groundwork for a renewed consensus on a more unified international financial system, focusing on combating inequalities, addressing climate change, and safeguarding biodiversity.

The event will bring together heads of state and government, representatives from global financial institutions, and stakeholders from the private sector and civil society.

President von der Leyen will contribute to a panel discussion titled “A New Way: Partnerships for Green Growth,” during which she will deliver a live broadcast speech on EbS+. Her remarks will underscore the European Union’s commitment to sustainable development and the crucial role of collaborative partnerships in driving green growth.

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Executive Vice-President for the European Green Deal, Frans Timmermans, will attend the summit’s opening ceremony, which will be dedicated to climate finance in partnership with C40 Cities – a global network of mayors from major cities worldwide united in their commitment to combat the climate crisis.

Timmermans will also participate in a round table discussion focused on mobilizing private capital. Additionally, he will deliver a keynote speech at the CAN Europe event, highlighting the implementation of the polluter pays principle in generating new sources of climate finance. A comprehensive calendar outlines these activities in Paris.

Commissioner for International Partnerships, Jutta Urpilainen, will join the summit on Friday. She is scheduled to deliver a speech at the Collège de France’s Colloquium on the fight against poverty and inequalities.

Furthermore, Commissioner Urpilainen will participate in a round table dedicated to innovative finance for accelerating investments in primary health sectors and enhancing the resilience of health systems. This round table is jointly organized by the European Investment Bank and the World Health Organization.

The Summit for a New Global Financial Compact represents a significant opportunity for President von der Leyen, Commissioner Timmermans, and Commissioner Urpilainen to engage with global leaders and stakeholders, fostering dialogue and collaboration in pursuit of a more sustainable and inclusive financial system.

By emphasizing the importance of partnerships, climate action, and innovative finance, the European Union aims to contribute to a more equitable and environmentally responsible future on the global stage.