Economic model 'transformation' needed: UN climate envoy

Image
AFP Geneva
Last Updated : May 11 2019 | 12:15 AM IST

A dramatic transformation of the global economic model will be necessary if the world truly wants to tackle the problem of climate change, a top UN envoy said Friday.

"We need bold actions," insisted Luis Alfonso de Alba, who was appointed late last year to prepare an ambitious climate summit in New York in September.

In an interview with AFP in Geneva Friday, he stressed that climate change should not be merely considered an environmental problem.

"We are talking about a transformation of the economic model that is going to be needed to achieve the results we need," he said.

The September 23 summit at the United Nations is billed as the first major stocktaking gathering of world leaders on climate change since the Paris agreement was reached in 2015.

The event follows a string of reports containing dire predictions about the future of the planet as carbon dioxide emissions continue to rise, pushing targets set out under the Paris accord further out of reach.

UN Secretary-General Antonio Guterres has said he wants the summit to be "action oriented", and he has asked countries to present "concrete, realistic plans" to reduce greenhouse gas emissions by 45 percent over the next decade and to net zero by 2050.

De Alba said he was working to identify ambitious projects to showcase at the September meeting, as well as new models of cooperation and coordination between countries, organisations and public and private players.

"It is evident that private financing will be indispensable to move from the billions to the trillions that are going to be needed," he said.

Fighting climate change he said, "is an issue that requires a transformation of the way we consume, the way we produce." "This is not a process in which we can aim at a gradual increase of the ambitions. We need some drastic changes."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: May 11 2019 | 12:15 AM IST

Next Story