World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Low-Carbon Economy 'Makes Good Business Sense'

Low-carbon Economy 'makes Good Business Sense,' Ban Ki-moon Tells Investors

New York, Feb 14 2008 - Transitioning to a low-carbon economy will not only help to combat climate change, but also promises to bring huge returns for investors, Secretary-General Ban Ki-moon told global business leaders.

"You are here today because you recognize climate change as an opportunity as well as a threat," Mr. Ban told the large gathering at UN Headquarters in New York which brought together 450 participants, who together control $10-15 trillion in investment capital. "You understand that the shift to a low-carbon economy opens new revenue streams and creates new markets."

He urged the investors to lead efforts to finance the technological innovation necessary for a shift to a green economy.

"The carbon market makes good business sense - it has doubled in size to $60 billion in the past year alone - and it makes good moral sense," the Secretary-General, who has made climate change one of his top priorities since taking office last January, said at a dinner held last night.

The Investor Summit on Climate Risk, which was organized by the UN Fund for International Partnerships (UNFIP), the UN Foundation (UN Foundation) and Ceres, a network of investors and public interest groups that promotes green issues, aimed to provide a high-level forum for investment leaders to discuss the scale and urgency of climate change risks.

Attendees included leading institutional investors, financial services firms and United States state treasurers.

Alex Sink, the Chief Financial Officer of Florida, told reporters that his state is "at risk from climate change," but voiced his determination to tackle the issue.

"There is a financial imperative and it grew out of an environmental concern," he noted.

The Treasurer of California underscored the strong links between environmental sustainability and profitability.

"We have to be clean, green and sustainable," Bill Lockyer said at the same press briefing.

Yesterday, a three-day General Assembly event on climate change wrapped up with the body's President Srgjan Kerim emphasizing the importance of global partnerships and the need to define a clear global strategy to stemming the impacts of global warming.

ENDS

Latest World News | Top World News | World Digest | Archives | RSS

© Scoop Media

 
 
 
 
 
World Headlines

 

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

Another US Court: Fourth Circuit Rules Muslim Ban Discriminatory

ACLU: Step by step, point by point, the court laid out what has been clear from the start: The president promised to ban Muslims from the United States, and his executive orders are an attempt to do just that. More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC