Environmental organizations founded by actors Arnold Schwarzenegger and Leonardo DiCaprio and the coalition Capital Cities Against Climate Change (CC35) will undertake in Latin America some 500 projects for “the decarbonization of the planet” with a budget of more than 4,500 million euros.
“This historic movement, with a local focus and global impact, responds to a key issue for Latin America and the Caribbean: new financial mechanisms to tackle climate change,” CC35 Secretary General Sebastián Navarro told Efe on Tuesday.
The initiative coincides with the recent announcement by the President of the United States, Donald Trump, that he has initiated the formal process to withdraw the country from the Paris Agreement.
The treaty, which is the largest binding pact against the climate crisis and establishes a global plan of action to limit global warming, urges governments, among other measures, to keep the global average temperature below two degrees below pre-industrial levels.
Faced with this challenge, the coalition aims to “lay the foundations for decarbonization through new financial mechanisms,” and will finance innovative projects based on renewable energy, energy efficiency, mobility, construction, water treatment or waste management.
According to Navarro, the mission of this organization “is to connect cities with large amounts of resources” to drive green development and unite in “a struggle that goes beyond any political color.
CC35 is a coalition formed by the authorities of America’s capital cities and will function as an accelerator of sub-national projects.
In the framework of the next UN climate summit (COP25), to be held in Spain in December, CC35 will try to officially launch the initiative.
Through the Leonardo DiCaprio Foundation, the actor has recently positioned himself as a staunch defender of the planet in the face of climate change, considering it “the most urgent threat facing humankind,” as he said during the Oscar ceremony.
More recently, the actor met with 16-year-old Swedish activist Greta Thunberg in Los Angeles and praised the young woman’s work through Instagram, in which he called her “having become the leader of our time.
Schwarzenegger, former governor of California and founder of the global organization R20, also joined this CC35 project, which will put resources in the hands of private companies willing to implement innovative projects between 4.5 and 45 million euros.
Each must be in one of the following topics: Renewable Energy, Energy Efficiency, E-Mobility, Eco-construction with passivhaus standard (passive or ecological house), water treatment and waste management with impact on cities.