Paris Summit Calls for Global Lending Reform to Combat Climate Change

French President Emmanuel Macron called for a "public finance shock" to tackle poverty and climate change at the Summit for a New Global Financial Pact in Paris. He urged policymakers and countries not to choose between reducing poverty and protecting the planet. Ugandan climate campaigner Vanessa Nakate criticized the fossil fuel industry for promising development for poor communities but delivering profits to the already rich. The summit aims to find financial solutions to tackle poverty, curb planet-heating emissions, and protect nature. Leaders attending the summit include UN Secretary-General Antonio Guterres, US Treasury Secretary Janet Yellen, and World Bank chief Ajay Banga.