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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

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