Pope Francis Calls for ‘Global Financial Charter’ at Vatican Climate Change Conference – Michael Haynes 5/16/24

Source: LifeSiteNews.com

Addressing a Vatican-hosted climate change conference, Pope Francis called for a “new global financial charter” by 2025 that would be centered on climate change and “ecological debt.”

“There is a need to develop a new financial architecture capable of responding to the demands of the Global South and of the island states that have been seriously affected by climate catastrophes,” Pope Francis said on Thursday, May 16.

The Pontiff’s words came toward the end of his keynote address at the conference “Climate Crisis to Climate Resilience,” organized jointly by the Vatican’s Pontifical Academy of Sciences and Pontifical Academy of Social Sciences.

JUST IN: #PopeFrancis urges @CasinaPioIV climate change conf to work for “global de-carbonization” adding: “The data emerging from this summit reveal that the specter of climate change looms over every aspect of existence, threatening water, air, food and energy systems.”… pic.twitter.com/t7cV4ne0s4

— Michael Haynes (@MLJHaynes) May 16, 2024

Outlining a three-fold action plan to respond to the “planetary crisis,” Francis told the participants that any such action must be centered around financial action. 

“The restructuring and reduction of debt, together with the development of a new global financial charter by 2025, acknowledging a sort of ecological debt – we must work on this term: ecological debt – can be of great assistance in mitigating climate changes,” he said, appearing to allude to an already existing but as yet unpublished charter.

The Pope’s three-fold plan also highlighted his call for “policy changes” based on climate adherence and the reduction of warming, fossil fuel reliance, and carbon dioxide: 

First, a universal approach and swift and decisive action is needed, capable of producing policy changes and decisions. Second, we need to reverse the curve of warming, seeking to halve the rate of warming in the short space of a quarter of a century. At the same time, we need to aim for global de-carbonization, eliminating the dependence on fossil fuels. 

Third, large quantities of carbon dioxide must be removed from the atmosphere through environmental management spanning several generations.

Francis’ call for finance-related policies to implement climate change goals will have been met especially warmly by certain attendees of the Vatican’s conference. Among the numerous participants and speakers at the three-day event were ardent pro-climate change advocates California Gov. Gavin Newsom, London Mayor Sadiq Khan, New York Gov. Kathy Hochul, Massachusetts lesbian Gov. Maura Healey, along with academics and politicians from South America, Africa, Italy, and Taiwan….

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