UN & Al Gore Push Investors to Support Climate Change Policies
Ban Ki-moon, general-secretary for the UN is pushing climate change and promoting sustainable development at the World Economic Forum (WEF).
The general-secretary emphasized how investors in climate change opposition can expect returns from private sector, academia and heads of state.
According to his speech, this investment in “civil society” will further the UN Millennium Development Goals (MDGs) and expand financial gains for the Elite.
Ban said: “The finance community is a key player. We need trillions of dollars of investment to move from the brown to the green economy.”
The general-secretary would like to see:
- Investors, banks and other financial service providers to increase finance flows into low-carbon energy and climate-resilient infrastructure, including through setting portfolio targets and increasing the deployment of climate bonds
- Decrease the flow of finance to carbon-intensive and obsolete technologies and business practices
- Investors and banks should work to increase transparency regarding greenhouse gas emissions from the assets and businesses that they finance
- Investors and banks and regulators should work together to ensure that rules that govern financial markets are conducive to sustainable development
Ban is focusing on “addressing climate change is also a great opportunity to support all our sustainable development goals. At the same time, the actions we take on sustainable development can help tackle climate change. Investment now will result in major savings in the future, and can propel economic growth today. It can support universal energy access, sustainable cities and well-being for people and the planet.”
At a dinner for the UN World Food Program (WFP), Ban explained how important it is for corporations to be involved in the securitization of food for the goal of controlling resources.
Ban said: “You might wonder if that is too ambitious, but I have seen such progress with my own eyes, in my own country, in my own lifetime. This success has been achieved through political will, concerted action and private sector engagement. Each country has chosen their own path, but they all made ending hunger a political priority. It has been a joint effort – involving governments, farmers, civil society, academia and the private sector. From small-scale farmers who trade their surplus at the village market to billion-dollar multinational corporations, business has played a vital role. This is needed now more than ever.”
The Ellen MacArthur Foundation (EMF) has created Project Mainstream (PM) which admonishes current manufacturers to join a “circular economy” that will reuse everything until the products cannot be recycled anymore.
The EMF said: “We’re looking at three billion middle class consumers in the next few decades. We need to shift the system to allow those resources to flow back into the system. If you remanufacture you actually take the energy use down to only 25% in a re-manufactured engine compared to a new one.”
Among the speakers at the WEF, Al Gore spoke intensely about how extreme weather is bring awareness to climate change.
Gore said: “I think that is a game changer. It comes about, of course, because we continue to put 90 million tons of global warming pollution into the atmosphere every day, as if it’s an open sewer. We’re getting closer to a political tipping point.”
To the former vice president, climate change campaigns have to focus on business concerns to remain competitive and coerce other levels of power to sign onto a binding emissions target for individual nations, corporations and persons.