Cabandié has offered the G20 a debt swap for climate actions | At the top of Naples

The Argentine government has proposed an exchange of external debts for climate actions that would lead to the achievement of the environmental objectives signed in the Paris agreement. The idea is that there is a global pact in this direction, audited by the United Nations (UN), and which promotes the development of non-polluting industries in countries with affected economies.

The proposal was made during the G20 Environment and Energy meeting, in Naples, by the Minister of Environment and Sustainable Development of Argentina, Juan Cabandié, who pointed out that “There are 80 countries in the world with a debt crisis” and that “some next year will be threatened with bankruptcy”.

“It is necessary to be able to discuss this the best thing for all would be to change the debt swap for concrete climate action, which can be audited by the United Nations, to meet the objectives of the Paris Agreement, by 2030 ”, declared the Minister.

According to him, swap debt for climate stocks “It would be the best way to get developing countries” achieve this development, he said in an interview with the EFE agency.

“It is impossible to get dollars without polluting, so what better than these dollars that we should theoretically pay to an international organization, we can generate climate actions, protect native forests, for example, have parks wind turbines, solar parks “he explained.

Cabandié participated in the meeting in southern Italy, where representatives from various countries and international organizations discussed biodiversity, “green” finance, ecological transition and renewable energies.

There he remembered that Argentina represents “0.9% of global emissions” and said that “the greatest ambition must come with funding”. “We must not forget that our region, Latin America, has 240 million people below the poverty line, in Argentina we have six out of ten children living in poverty,” he said.

He also said that on the G20 table, the possibility of imposing a global minimum carbon price to reduce emissions, but he clarified that it is in an initial phase and that it is possible that it will continue to be analyzed during the COP26 (United Nations Conference on Climate Change), which will take place next November in Glasgow ( UK).

He added that in “the just ecological transition” the world must coexist “conventionality with renewable energies” and defended the current extraction of hydrocarbons in Argentina, after the organization Greenpeace recently criticized the allocation of 18 “offshore” blocks that threaten the sea and the country’s biodiversity.

“All countries continue to have a percentage of thermal energy or hydrocarbons within their energy matrix”He argued, although he clarified that its use should be gradually reduced.

Stated that Argentina currently has “8% renewable energies” and the government “has promised that in 2030, it will have 30”, it is therefore a question of “building the process with great determination”.