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Macron meets Richard Branson and Bill Gates seeking cash for climate change

Macron meets Richard Branson and Bill Gates seeking cash for climate change

Bill Gates, Sean Penn and Elon Musk are among other prominent American figures in attendance.

The World Bank will only make exceptions to consider possible support for financing upstream gas "in the poorest countries where there is a clear benefit in terms of energy access for the poor and the project fits within the countries' Paris Agreement commitments", the bank said in a statement at the One Planet Summit in Paris. As part of the summit, 18 mostly US-based scientists will win paid opportunities to live and conduct climate-related research in Europe, away from the climate scepticism of Mr Trump.

On Tuesday, a spokeswoman for Macron said in an email to TIME that the Elysée Palace had been "open to invite President Trump, but after discussion with the U.S. administraion they told us that the good level for sending an invitation was the U.S. Embassy in France".

France announced a raft of 12 non-binding commitments, from a $300m pledge to fight desertification to accelerating the transition towards a decarbonised economy.

The opportunity "gave me such a psychological boost, to have that kind of support, to have the head of state saying I value what you do", victor Camille Parmesan, a researcher from the University of Texas, Austin, who studies the effects of climate change on wildlife, tells the Associated Press.

North Korea says naval blockade would be 'act of war'
President Donald Trump was taking an "extremely risky and big step toward the nuclear war" by seeking such a blockade, it added. Ahn Young-joon/AP In this Thursday, Aug. 10, 2017, file photo, a man watches a television screen showing U.S.

"It doesn't matter that Donald Trump backed out of the Paris Agreement, because the private sector didn't drop out, the public sector didn't drop out, universities didn't drop out, no one dropped out", Schwarzenegger, who has been a frequent Trump critic, said. It followed a meeting of governments in Bonn, Germany, last month under the auspices of the United Nations, aimed at fleshing out the technicalities of the Paris agreement. The Organisation for Economic Cooperation and Development (OECD) estimates only about $68bn (£51bn) has been collected. "There are trillions of dollars sitting in private investment institutions". The U.S.is now the only country in the world to have rejected the global climate agreement.

Trump said in a Rose Garden ceremony that day that the agreement was "about other countries gaining a financial advantage over the USA", and that he would "begin negotiations to reenter the Paris accord or an entirely new transaction on terms that are fair to the United States". "So I just want to thank him for all of his assistance", said Bloomberg, who chairs an global organization aimed at getting companies to disclose their risks to climate change. This would not include divesting from companies with large fossil fuel holdings, however.

Industry representatives from coal, oil, gas and nuclear power companies like Peabody Energy, nuclear engineering firm NuScale Power, and Tellurian, a liquefied natural gas exporter, were prominently featured during the event. "We must unlock that finance", he said.

"Without question, fossil fuels will continue to be used, and we would argue that it's in the global interest to make sure when fossil fuels are used that they be as clean and efficient as possible", Mr Banks said.


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