UN Secretary General Antonio Guterres cited the devastating floods in Kerala and the wildfires in California as he expressed concern that climate change is "running faster than we are and called for urgency and action to prevent ever greater climate-related crises.
The UN chief said last year, climate-related disasters were responsible for thousands of deaths and USD 320 billion dollars in losses.
"Climate change is running faster than we are. The impacts are devastating, and it is usually the poorest and the most vulnerable who are hit first and worst by storms, floods, droughts, wildfires and rising seas," Guterres said at the launch of the 2018 New Climate Economy report here on Wednesday.
"This year, we have seen the terrible flooding in Kerala in India, savage wildfires in California and Canada, and dramatic warming in the Arctic that is affecting weather patterns across the northern hemisphere. The trend is clear. The last 19 years included 18 of the warmest years on record, and greenhouse gas concentrations in the atmosphere continue to rise," he said.
The southern Indian state witnessed the worst flooding in 100 years. About 80 dams had overflowed and more than 370 lives lost. Kerala Chief Minister Pinarayi Vijayan had said that a total of 1.2 million people affected by floods had been housed in 3,314 relief camps in the state.
Guterres warned that runaway climate change is a real possibility, with severe implications for communities, economies, peace and the security of nations.
"Climate change has been proven to amplify and exacerbate other risks. Put simply, we need climate action to prevent ever greater crises. We must act with greater ambition and urgency," he said.
The document, published by the Global Commission on the Economy and Climate a project comprising several UN bodies and other institutions finds that the benefits of smarter and clearer growth are significantly under-estimated, and that bold climate action could deliver USD 26 trillion in economic benefits through to 2030.
Other benefits of switching to a clean economy include the creation of over 65 million new low-carbon jobs, and 700,000 fewer air pollution-related deaths.
Ngozi Okonjo-Iweala, former finance minister of Nigeria and co-chair of the Global Commission, said, "Policy makers should take their feet off the brakes, send a clear signal that the new growth story is here and that it comes with exciting economic and market opportunities. USD 26 trillion and a more sustainable planet are on offer if we act decisively now."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
