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Climate change and green finance<br />
KEY TAKEAWAYS<br />
Cities must cut emissions to help<br />
limit global temperature increase<br />
The C40 Cities Climate Leadership<br />
Group has been set up to help<br />
Eduardo da<br />
Costa Paes<br />
Chair<br />
C40 Cities Climate<br />
Leadership Group<br />
Eduardo da Costa Paes is Mayor<br />
of Rio de Janeiro, Brazil, and has<br />
been Chair of the C40 Cities Climate<br />
Leadership Group since 2013.<br />
Having entered politics in 1993,<br />
in 2000 he was appointed Rio’s<br />
Municipal Environmental Secretary<br />
where he refined his knowledge of<br />
environmental issues. During his<br />
second mandate as a representative<br />
in Congress in 2007, Paes was<br />
named Secretary of State for<br />
Tourism, Sport and Leisure. A year<br />
later, he was elected Mayor of Rio de<br />
Janeiro and, in 2012, was re-elected<br />
for a second term.<br />
@eduardopaes<br />
www.c40.org<br />
Building<br />
sustainable cities<br />
Eduardo da Costa Paes, Mayor of Rio de Janeiro and Chair<br />
of the C40 Cities Climate Leadership Group, explains why the<br />
<strong>G20</strong> needs to work with cities to reduce climate change<br />
The <strong>G20</strong> summit in Hangzhou<br />
will be the first meeting of<br />
leaders from the world’s<br />
largest economies since the<br />
Paris Agreement on climate<br />
change was announced in December 2015.<br />
This agreement, adopted by 195 states,<br />
represents unprecedented global solidarity<br />
and commitment to action.<br />
Despite the numerous political and<br />
economic disruptions the world has<br />
seen over the past year, many countries<br />
are already taking steps to ratify the<br />
agreement as soon as possible. As host of<br />
the Hangzhou Summit, China deserves<br />
particular recognition for its leadership in<br />
implementing the Paris Agreement through<br />
long-term domestic policies and for having<br />
such a strong, bold focus on sustainable<br />
growth in its 13th Five-Year Plan. In China,<br />
swift action is already engaging businesses<br />
and investors in helping to grow the<br />
country’s low-carbon economy. It represents<br />
a compelling example for others to follow.<br />
Delivering the Paris ambition to limit<br />
global temperature increase to below 1.5<br />
degrees Celsius above pre-industrial levels<br />
requires economic, political and social<br />
change unlike anything before. It can only<br />
be addressed with the leadership and<br />
commitment of the <strong>G20</strong> members,<br />
with the support of their largest cities.<br />
194 <strong>G20</strong> China: The Hangzhou Summit • September 2016 G7<strong>G20</strong>.com