Climate Alarm: Mattarella from Palermo calls for responsibility

Italian President Sergio Mattarella, during the XVI Cotec Europe Symposium, emphasized the need for Italy to play its part in addressing climate change, the impact of the war in Ukraine on the economy, and the importance of sustainability, finance, and innovation in the international agenda. Mattarella highlighted that Italy, as the future president of the G7 in 2024, can influence the agenda towards long-term coordination on issues such as food security, climate, energy, and sustainable investment, particularly in Africa. Spain’s King Felipe VI and Portugal’s President Marcelo Rebelo de Sousa echoed these sentiments, emphasizing the role of innovation in finance and its contribution to inclusion and growth. European Commission’s Paolo Gentiloni emphasized the importance of the European Green Deal and the need for additional investment to reduce emissions. The speakers also acknowledged the crucial role of European countries in supporting developing nations’ public finances and funding for education, research, and new technologies. Intesa San Paolo’s President Gian Maria Gros-Pietro highlighted that innovation arises from addressing global challenges such as climate change and inequality, while Dario Scannapieco, CEO of Cdp, emphasized the increasing significance of environmental, social, and governance factors in investment decisions. The predicted growth in ESG investments globally indicates their growing importance, estimated to reach over $50 trillion by 2025.