EU can now take the lead on climate change - Muscat

The European Union has an opportunity to lead the way in the battle to limit climate change, Joseph Muscat told an international summit in Paris today.?
The One Planet Summit is French president Emmanuel Macron's attempt to reboot international cooperation to limit climate change, following US president Donald Trump's decision to withdraw the USA from the Paris Accord.?
Mr Macron used the summit to warn leaders that the world was not moving fast enough to counteract climate change.?
"We are losing the battle," he said, urging the assembled heads of states, ministers and executives to launch a new phase in the fight against global warming.
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The summit steered clear of seeking binding commitments, and instead focused on?how public and private financial institutions can mobilise more money and how investors can pressure corporate giants to shift towards more ecologically friendly strategies.
More than 200 institutional investors with $26 trillion in assets under management said on Tuesday they would step up pressure on the world's biggest corporate greenhouse gas emitters to combat climate change.
That, they...

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