John Kerry: Enormous Investment Potential Awaits in Climate Transition

**Title: John Kerry on Securing Funding for Climate Action and the Green Transition | France 24 Interview**

In this France 24 interview, John Kerry, the United States’ special climate envoy, discusses the efforts to secure funding for climate action and the green transition. Kerry shares insights from the Summit for a New Global Financing Pact in Paris, where world leaders gathered to address the pressing issue of climate change. Subscribe to France 24 for the latest updates on international news and top stories.

Emmanuel Macron, John Kerry, Paris, THE INTERVIEW, USA, climate change, diplomacy, France24, news

**Video Transcript:**

He was a major player at the two-day Paris climate Finance Summit that’s just concluded, former U.S Secretary of State John Kerry is Joe Biden’s special presidential Envoy for climate. Thank you for joining us here on France 24.

My great pleasure, thank you for having me. Uh, lots to talk about coming out of these two days, but first I gotta say, Americans don’t do half measures. Donald Trump pulled out of the Paris climate deal, and then, uh, Joe Biden not only goes back in but goes in with this huge green investment plan, huge subsidies, hundreds of billions of dollars which, by the way, have attracted investors from around the globe.

I don’t think it’s a definition of what Americans do. I think that it’s a definition of what happens when you have somebody who is out of touch completely and doesn’t inform themselves and who makes a decision based on God knows what. Pulling out of the Paris agreement was really hurtful for America, but in the end, Americans stayed in the agreement. All across our country, the American people wanted to continue to make progress, and we did. Even during Donald Trump’s tenure, about 75 percent of all the new electricity that came online in the United States was from renewables. That’s a remarkable story.

Donald Trump may have pulled out of it, but the American people stayed in, and now President Biden is making up for that with a remarkable set of initiatives that are helping to make a difference. In terms of the meetings we’ve had in the last two years, Glasgow, Sharm El Sheikh, and now we’re working to try to make a difference, the energy transition bill, the one known as the Inflation Reduction Act. Yes, sir, it turbo-charges. Evidence suggests that it’s really having a good impact now.

The jury’s still out because there’s been a bit of a subsidy war now, that’s born of that with Europe, most notably. And that’s everybody’s goal, to get their energy transition into high gear. But is that taking money away from those countries present at this summit? Well, it’s not an either-or binary choice. President Biden has energized efforts in America in order to do our part because it’s a global effort.

Every country needs to be at the table, and President Biden is making sure that the United States meets its goals. Moreover, there are trillions of dollars waiting to be invested, and President Macron was addressing that in this conference – how do we take those trillions of dollars and get them into the marketplace, particularly in developing and emerging economies?

These are private companies or sovereign wealth funds, and they want a return on their buck. That’s the whole point. But we need to address their concerns and help them feel more comfortable with investing in these trickier places. The goal is to accelerate the transition. President Macron assembled about 37 trillion dollars of assets owned and managed in one room, discussing how to deploy some of that money.

There were a lot of different suggestions put on the table in the last 48 hours. It was really interesting to hear from leaders from Africa, Latin America, and elsewhere who came here to have this discussion. In terms of investing and borrowing, China is a major player represented by its prime minister at this conference. We had a very brief discussion; climate is one issue where both the U.S. and China should cooperate.

China was also involved in debt restructuring efforts for countries on the verge of default. The debt trap is a serious concern, and policies of institutions like the World Bank and IMF need to be fine-tuned to liberate these countries. In times of natural disasters, greater debt burdens hinder their ability to respond and mitigate future crises. The institutions must adapt and provide support.

These institutions, including the World Bank, do answer to their shareholders. However, the goal is to ensure that the largest economies, like the United States, recognize the need for collective action in addressing the climate challenge.


– [France 24 YouTube Channel](
– [France 24 Website](
– [Paris Climate Finance Summit](

The United States’ special climate envoy John Kerry assesses efforts to secure funding for climate action and the green transition in an interview with FRANCE 24 on the sidelines of the Summit for a New Global Financing Pact in Paris.

🔔 Subscribe to France 24 now:
🔴 LIVE – Watch FRANCE 24 English 24/7 here:

🌍 Read the latest International News and Top Stories:

Like us on Facebook:
Follow us on Twitter:
Discover the news in pictures on Instagram:
Get the latest top stories on Telegram:

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings


  1. The thing is that emissions are also money missions, so imagine our galaxy if a black hole creates more dark matter it only purge it 2 ways one way is that the planets move faster the other one is more planets but the thing is that you need more movement, most of the spending in global warming creates more emissions but every time it gets better results and help that tech to be cheaper, still the solution can not arrive like that, motion has to be centralized so energy or money can be one and every time money is printed energy can be created and food can de added, because that is all about, and that has to be centralized in USA because is what is going to back the dollar at the end of line, quantum motion, just like quantum money, expanding the verse of energy is what collapsed europe when spain collapsed and was before frech revolution, we need to multiply energy and food by a factor of 100, and to be able to allocate it at will with prices way under the oil and all tech and even hidropower, nuclear and else, so we need to first of all know the target instead of cutting emmisions the idea has to be making the room for emission to be posible and to be fully depended on USA will of allocating those emmisions thru the Fiat system so the money arrives with the energy and food producing capacity without the necesity of taking it from other part or devaluating exisisting money, is about tech but diferent kind because this is general relativity, it need velocity and is based on gravity of investors and populations, it has to be quantum, in thia moment is quantum but you need to make everything arrive there like in Europe, we need quantum so for example USA lend 100 billion to a country and that allows them to have energy in their country wireless, for cars and cities and houses and everything, and they can use that to have production of food or the food arriving being grain the base for everything and fertilizers,
    That is most important thing for emmision to be able to back the emmisions with food and energy without having to make others devaluate, having enough posibilities to force the world to do as will, and continue the depopulation agenda to be in balance with eviroment and to keep superiority and to make life same complex thru AI but to be the one and only supplier of the basic needs of human kind without the posibilities of escalating any competition, quantum basic supply like china with food and enrgy and now india, and all latin america that imports food now and gasoline, and europe for almost everything, but without any other country being need it, meanwhile is going to be just laundry of others emmisions to clean energy advance, and is not working really, after this cycle one gallon will be one day of work in latin america min wage, more or less, so at the end of century liberty based on current oil, coal, hidro, solar, wind, will be history the verse will be so long it will be imposible for average citizens to enjoy that, so we need a new oil, a new source of energy that is more movement, that is genesys and not consecuence, to apply quantum to that and keep expanding, or spending… i dont see investing of USA capitals on that, and well i hope we can make the move so we can minimize the galaxy and make all size of USA black hole matter, we just need that, i think i can do it,

  2. I sincerely hope those trillions are not invested in technologies that simply do not deliver on their promise to reduce carbon emissions. Electric sports cars, solar panels, wind turbines — these things have enormous up-front emissions costs in their manufacture and those costs (in dollars and emissions) are going up. Please stop giving the rich subsidies for these fantasist technologies.

The Key Skill Essential for Future Success: Mastering it

Is it Worth Investing in MXRF11 If the Price is High?