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immediate and effective action to avoid the most catastrophic effects of climate change,

8. Underlining the urgency of prioritizing innovation in the production, transport andconsumption of energy, given that the energy sector is the source for the majorityof GHG emissions globally,

9. Acknowledging the steps taken to scale up the global response to climate changesince the adoption of the Paris Agreement in 2015, and welcoming thecommitments related to increasing climate finance, phasing down coal power,and accelerating the reduction of emissions adopted by States at COP26,

10. Encouraged by the findings of the International Energy Agency, which has notedthat green stimulus in response to COVID-19 represents the largest-ever clean-energy recovery effort,

11. Convinced of the value and mission of the Powering Past Coal Alliance, a leadingglobal initiative to accelerate clean growth and climate protection through therapid phase-out of emissions from coal power,

12. Underscoring that green energy innovation is integral to combating climatechange, and emphasizing the important role that market mechanisms, such ascarbon pricing, can play to incentivize the transition to a low-carbon economyand to promote clean economic growth,

13. Cognizant of the need for complementary actions to address climate change,which include investments in international climate finance to support developingcountries in their efforts to build low-carbon and climate-resilient economies,

14. Deploring the Russian Federation’s reckless and unprecedented seizure ofnuclear power facilities in Ukraine and other dangerous actions connected tonuclear and radioactive materials, which continue to pose a serious and directthreat to public health and the environment, as well as to the safety and securityof these facilities, their personnel and nearby civilian populations,

15. Convinced that the consequences of the Russian Federation’s illegal andunprovoked invasion of Ukraine have exposed the economic vulnerabilitiesassociated with being over-reliant on fossil fuels and on any one source countryfor energy,

16. Encouraged by the efforts of the European Union to phase out the import ofRussian oil and to accelerate a low-carbon energy transition,

17. Stressing that energy security and climate action are complementary objectives,and convinced of not only the environmental benefits but also the economicopportunities offered by the green energy transition,

The OSCE Parliamentary Assembly:

18. Expresses grave concern about the destabilizing effects of climate change,which acts as a threat multiplier, with profound implications for internationalpeace and stability;

II SÉRIE-D — NÚMERO 19 –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

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