The virtual summit has been initiated by the United Nations, UK and France in cooperation with Italy and Chile. The summit unites heads of state, business leaders, representatives of civilian community who are ready to assume new commitments in fighting climate change and fulfilling the Paris agreement.
The President stated that Armenia has come up with an idea which might be groundbreaking to resolve climate-related financial issues for the developed and developing countries. “We would like to introduce to Debt For Climate Swap, the idea of potential scalability for different countries. This idea offers leveraging additional finance into climate action”, he said.
In his remarks President Sarkissian said that these are challenging times for Armenia. “Declaration of more ambitious climate goals is also an opportunity for Armenia to rethink the whole economic and national development pattern and accelerate actions towards the...
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