Partnerships, increased climate investment crucial for sustainable transition, says UN deputy chief

Marking the tenth day of some the UN Sustainable Development Goals (SDGs) and the landmark Paris Agreement, Ms. Mohammed highlighted the important advancement made implicit the past decade, portion besides acknowledging the important challenges that remain.

A decennary of advancement and challenges

In her remarks to the Partnership for maturation Summit, known by the shorthand ‘P4G’, which runs done Thursday successful the Viet Nam capital, Ms. Mohammed reflected connected the advancement achieved since the adoption of the SDGs and the Paris Agreement.

However, she stressed the stark world that the satellite is inactive acold from wherever it needs to be.

“As I speak, determination are 750 cardinal radical who bash not person entree to electricity, and 2 cardinal radical person nary cleanable cooking solutions,” she stated. She besides pointed retired the expanding aerial contamination affecting children worldwide owed to fossil substance emissions.

Hope amid adversity

Despite the daunting statistics, the UN lawman main expressed hope, drafting inspiration from the words of Vietnamese Zen Master Thich Nhat Hanh: “Hope is important due to the fact that it tin marque the contiguous infinitesimal little hard to bear. If we judge that time volition beryllium better, we tin carnivore a hardship today.” 

She identified 3 sources of hope:

• Global Commitment: The beingness of representatives from governments, businesses, investors, and civilian nine astatine the acme demonstrated a corporate committedness to gathering much sustainable, resilient, inclusive, and prosperous societies;
• Collaboration: Initiatives similar the Just Energy Transition Partnerships and P4G’s public-private partnerships, which exemplify the powerfulness of collaboration successful transforming energy, water, and nutrient systems and;
• Economic Imperatives: The economical benefits of clime action; each dollar invested successful clime adaptation tin make a instrumentality of up to 10 times.

She besides pointed retired the important outgo reductions successful wind, solar, and artillery retention technologies, making them the cheapest sources of caller energy successful galore markets.

An economical lawsuit for clime action

Ms. Mohammed underscored the fiscal interaction of clime disasters, which caused $320 cardinal successful damages worldwide past year.

She emphasized that the clime situation is draining resources needed for improvement but besides presented a compelling economical lawsuit for clime action.

“Renewables accounted for 92.5 per cent of each caller powerfulness capableness added globally past year, and cleanable powerfulness surpassed 40 per cent of planetary energy procreation for the archetypal time,” she noted.

Viet Nam arsenic a starring example

Highlighting Viet Nam's enactment successful cleanable energy, Ms. Mohammed praised the country's bold displacement from coal, which is not lone combating clime alteration but besides promoting a fairer and much adjacent future. She called this infinitesimal a "rare opportunity" to usher successful a caller economical epoch that ensures vigor access, affordability, and information portion creating zero-carbon, disaster-resilient, and sustainable societies.

Call to action

The UN lawman main urged authorities leaders to accelerate the implementation of cost-effective solutions and thrust alteration done astute policies and reforms astatine each levels.

She emphasized the value of the adjacent circular of Nationally Determined Contributions (NDCs) – nationalist clime enactment plans – successful aligning vigor and improvement plans with clime goals.

“Investment is key,” she stressed, citing the request for $2.4 trillion per twelvemonth to travel emerging and processing economies extracurricular China by 2030 to support the 1.5-degree people wrong scope and present connected the SDGs.

Addressing corporate, financial, and civilian nine leaders, Ms. Mohammed called for continued innovation, collaboration, and the instauration of caller models and partnerships to mobilize concern astatine scale. She encouraged leaders to crook obstacles into concern opportunities and thrust existent investments successful clime and sustainable development.

In closing, Ms. Mohammed reaffirmed the United Nations' committedness to supporting planetary efforts towards a much prosperous aboriginal for all. “The United Nations stands acceptable to enactment your efforts each measurement of the mode and support the anticipation of a much prosperous aboriginal for each alive,” she concluded.