Press statement by President von der Leyen with UN Secretary-General Guterres ahead of the European Commission and the United Nations retreat

The second big topic we will discuss is climate change and our preparations for COP28. The European Union is at the forefront of the clean energy transition and energy savings. We want to continue to push for climate ambition. And we want to encourage the world to follow suit. That is why we are proposing to define global targets for renewable energy and energy efficiency. We will discuss this tomorrow. This is in preparation for COP28. Climate finance is, of course, crucial for developing economies and emerging markets. The huge gap that we still see in climate finance cannot be filled by public finance alone. We need the private sector. Carbon pricing can also play an important role. These are all topics that we will discuss in detail tomorrow.

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