‘Invest in the future, not the past;’ green business key to winning war on climate change – UN chief
Those who fail to bet on a green economy will be living in a grey future, United Nations Secretary-General António Guterres warned Tuesday, calling for greater ambition by governments, civil society, the private sector and finance partners to help tackle the global climate challenge.
“Green business is good business,” the UN chief said, speaking at the opening of the One Planet Summit, in Paris, alongside French President Emmanuel Macron and Jim Yong Kim, the President of World Bank.
“Renewables are now cheaper than coal-powered energy in dozens of developed and developing countries […] we need to invest in the future, not the past,” he added.
The Summit, taking place on 12 December, the anniversary of the adoption of the historic Paris Agreement, is providing an opportunity to fast-forward action on climate change.
In his remarks, Mr. Guterres pointed to the large under-utilized global financial resources and called for ensuing that financing – which by its nature if forward-looking – is used future of people and the planet in addition to being used for profit.
photo credit: European Parliament