More than 90% of those who have perished owing to extreme weather events during the last half-century lived in these countries, where more than 70% of reported disasters occurred. ![]() One fact is glaringly evident: developing countries are poised to bear a disproportionate share of the impact. Developing nations are already the hardest hit by the impact of global warming. Not only is this a matter of justice for future generations, it is also undoubtedly a matter of justice and responsibility for today’s. It is everyone’s duty to take every possible step to ensure that the Paris climate goal is reached. They are inflicting suffering and damage on every continent and serve as a mere glimpse into the future. Record-breaking droughts, heatwaves and floods are already plaguing the world. ![]() Today, the window of opportunity to achieve this goal is closing before our eyes: The past eight years have been the warmest on record worldwide and the critical 1.5 C threshold for annual temperatures will likely be exceeded in at least one year before 2027. I am truly honoured to be with you here today at this important summit to address the most pressing issue of our time.Įight years ago in Paris, UN Secretary-General Ban Ki-moon opened the COP21 by stating that “Paris must mark a turning point ” towards limiting global warming to 1.5 ☌elsius. Speech by Christine Lagarde, President of the ECB, at the Summit for a new global financing pact in Paris
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