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International Information Centre for Balkan Studies



Serbia’s Vucic asks COP26 how will climate change plans be financed

November 2, 2021

Serbia's President Aleksandar Vucic told the COP26 Climate Change conference in Glasgow that everyone knew the goals about climate change but would ask how the plans to prevent further changes would be financed.

„They wrote a great speech for me, but I have a few questions the great powers have not yet answered. How will we finance all these activities,“ Vucic said and asked: „We have heard stories about trillions of dollars that will be available, but what will be the interest rate? How will we access those funds?“

He also asked, „how are we going to access nuclear power plants – increase or reduce them? How are we going to build renewable energy sources if populist movements against wind farms are strengthening? How will we treat the prices of natural gas, which is in the hands of the great powers.“

As for Serbia’s activities, Vucic said that „our green plan is largely related to the country’s economic stability, and we will issue green bonds that will serve the circular economy.“

Addressing the participants, he said that it was a privilege for Serbia to be at such an important summit, which discussed the most important topic of the day, trying to help future generations not to repeat the same mistakes on the planet.

„We are honoured that Serbia is co-chairing this session and that its activities contribute to the implementation of Article 6 of the UN Global Compact Strategy from Paris on reducing greenhouse gases,“ Vucic said.

Source:  https://rs.n1info.com/english/news/serbias-vucic-asks-cop26-how-will-climate-change-be-financed/

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