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Article

10 Sep 2014

Author:
Simon Zadek & Nick Robins, Guardian (UK)

Commentary: National & business leaders must show that financing action on climate change is in everyone's interest

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"UN Climate Summit must show climate change action is in everyone's interests", 11 Sep 2014

The [UN climate change] summit aims to underscore not just the urgency of low-carbon, resilient development, but also that acting on climate can advance the direct interests of nations, businesses and communities...[T]he costs of clean, climate-friendly solutions – notably renewable energies – continue to fall as technology improves and business models sharpen...[N]ational and sub-national policy action is accelerating, crucially in China and the USA, fusing the climate agenda with one geared to human health, energy security and technology innovation, focusing for China in particular on reducing air pollution and water stress...Financing climate action can in large part be driven by the direct interests of national, business and individuals...Two high-profile initiatives provide compelling support to this central message. Risky Business was launched earlier this year by co-chairs Michael Bloomberg, Henry Paulson, former US treasury secretary, and renowned financier, Tom Steyer, a formidable team whose message to the US was that addressing climate made sense by any measure...The...Global Commission on the New Climate Economy...[c]haired by ex-president of Mexico, Felipe Calderon...is likely to stress the positive economics of taking climate into account in investment decisions...The assembled leaders need to go beyond their comfort zones and commit to the targets that are required to put the global economy on course for keeping global warming below 2C.

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