Climate action is ‘good business,’ says new UN climate chief

  • 📰 gmanews
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Wealthy countries—like poorer ones—stand to reap huge economic, social and environmental gains by swiftly ramping up renewable energy and other climate action, the new UN climate chief said at the COP27 climate talks in Egypt on Wednesday.

Solar panels cover a shopping mall's parking lot in the city of Byblos in northern Lebanon on August 26, 2022. Joseph Eid/ AFP

Stiell, who grew up in the Caribbean island nation of Grenada, says his job is to become the world's "accountability chief"—in charge of ensuring global plans and pledges to deal with climate change are carried out by governments, companies and others. Barbados Prime Minister Mia Mottley has proposed a revamp of post-World War II international financial systems, dubbed the 'Bridgetown Agenda', designed to make funding easier to access for countries to develop cleanly and battle climate threats."We need all our institutions fit for purpose," Stiell noted, although he said "we have a long way to go" to achieving that.

At decades of COP meetings "the process up to now has been highly incremental," Stiell noted. "This COP signals a shift in direction," with businesses and countries failing to implement their pledges increasingly likely to be called out. "I'm a technocrat as well as a politician," he said. "And one thing being a technocrat has taught me is there are solutions to everything if there is political will."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Developing countries need $1 trillion a year in climate finance — report - BusinessWorld OnlineSHARM EL-SHEIKH, Egypt — Developing countries need to work with investors, rich countries, and development banks to secure $1 trillion a year in external financing for climate action by the end of the decade and to match that with their own funds, a report said on Tuesday. Sometimes you have to show your bad side so that you can sort out who can accept you at your worst
Source: bworldph - 🏆 9. / 68 Read more »

Developing countries need $1 trillion a year in climate finance – reportDeveloping countries need to work with investors, rich countries and development banks to secure $1 trillion a year in external financing for climate action by the end of the decade and to match that with their own funds, a November 8 report said. COP27
Source: rapplerdotcom - 🏆 4. / 86 Read more »