COP24 Global Climate Action Opening unleashes new finance pledges

The United Nations Climate Conference (COP 24) today convened a high-level session launching eight days of focused events and dialogues on Global Climate Action, aimed at building a bridge between government delegates and non-Party, public and private stakeholders in the global response to climate change.

The event, which featured United Nations Secretary-General António Guterres, Poland’s Prime Minister Mateusz Morawiecki, COP 24 President Michał Kurtyka, and UN Climate Change Executive Secretary Patricia Espinosa, highlighted the mutually reinforcing and critically important cooperation between state and non-state actors needed if the world is to keep on track to the 1.5C goal of the Paris Agreement.

Speakers matched their words with action – including ING CEO, Ralph Hamers, who announced a landmark finance collaboration with BBVA, BNP Paribas, Standard Chartered and Société Générale to measure the climate alignment of their lending portfolios, with the aim of steering them in line with the Paris Agreement. Specifically, the banks – which have a combined loan book of €2.4 trillion across a range of sectors – have signed a commitment letter, pledging to finance change and put their balance sheets to work.

Of this commitment, Mr. Hamers said, “It shows that banks are becoming increasingly ready to take the bold steps needed to play our part in achieving a low-carbon economy.”

To support the bridge-building effort, First Minister of Scotland, Nicola Sturgeon, announced £200,000 for the Marrakech Partnership for Global Climate Action, to encourage collaboration between government, business, and wider society to immediately lower emissions and increase resilience against the impacts of climate change.

In his remarks opening the morning’s session, United Nations Secretary-General António Guterres spoke on the central theme of the event, Embracing Inclusive Multilateralism: “Only global answers can solve global problems. Embracing inclusive multilateralism is the way to go, but it needs to adapt to the meet the global challenges we currently face. We now need networked multilateralism.”

Dr. Mae Jemison, the first African American woman in space, joined the Secretary-General in sounding a note of urgency for assembled delegates, saying, “We need reality checks and we need hope. The earth doesn’t need us; we need the earth.”

After these remarks, presided over by Poland’s Prime Minister, Mateusz Morawiecki, and COP 24 President, Michał Kurtyka, the focus of the session moved to a second stage, in the main Plenary for conversations moderated by explorer Bertrand Piccard, who led a discussion on the need for and opportunities to be found in global climate action, with First Minister Nicola Sturgeon, Dalmia Cement CEO Mahendra Singhi, ING CEO Ralph Hamers, and Indigenous Leader Hindou Oumarou Ibrahim.

Dr Mae Jemison, former NASA astronaut. Credit: United Nations Climate Change

First Minister Sturgeon acknowledged the imperative of a just transition, from societies’ present reliance on fossil fuels to a climate neutral future: “We have a moral responsibility to do what we can to prevent and mitigate the effects of global climate change. That’s why we’ve created the Just Transition Commission to demonstrate that there is nothing to fear and everything to gain from the transition to a low-carbon economy.”

Leading-up to the close of the event, the High-Level Climate Champions, H.E. Minister Inia Seruiratu and Special Envoy Mr. Tomasz Chruszczow, highlighted the central role that global climate action must play in driving enhanced national action.

Minister Inia Seruiratu said, “The message for urgent action has been the message throughout 2018 – coming from all stakeholders, across all regions, but most especially from us in vulnerable regions and small island developing states. We will build the vision of tomorrow for a net-zero emissions world and resilient societies.”

Concluding statements, in the spirit of State and non-state collaboration, were made by Parties; namely, European Union, Saint Lucia, Palestine, and Japan.

985total visits,12visits today

64 Comments

  1. Ηey I am so delighted I foound үour webѕite, I really found
    you by mistɑke, while Ӏ was researching on Askjeeve for something else, Nоnetһeless I аm here now and would
    just like to say may thanks for a marvelous post ɑnd a alll round thrilling blog
    (I aⅼso love the themе/design), I don’t have timne to
    read it all at the moment but Ι have bookmarked iit and also added in your RSS feeds, so when I have tume I will be back to rеazd much
    more, Please do keep up the excellent work. http://mining.cloudns.org/2019/03/04/pusatqq-asia-situs-web-poker-online-terpercaya/

  2. I simply want to mention I’m all new to blogging and definitely liked this blog site. Likely I’m want to bookmark your blog . You definitely have tremendous articles. Thanks a lot for sharing with us your website page.

  3. Hmm it looks lіke yοur site ate mmy first comment (it was
    super ⅼong) so I gսеss I’ll just sum it up what I had written and
    say, I’m thorօughly enjoying your Ƅlog. I too am aan asрiring blo wгiter but
    I’m still new to еverything. Do you have any recߋmmendatiߋns
    for first-time blkog wгiters? I’d certainly appreciate it. http://Vibet25.com/board_ONVM01/2547562

  4. Wіth havin so much content ԁo you ever run into any issᥙes of plagorism or copyright infringement?
    My blog has a lot oof unique сontеnt I’ve eithеr autһored myself or outsourced
    but it seens а lot of it iѕs popping it up all ovеr the internet without mmy
    authorizatіon. Do youu knbow any solutions to help stop content
    from beіng ripped оff? I’d definitely appreciate it. https://marketengine.enginethemes.com/qq-onlineterbaru-2019/

  5. Howdy, i read your blog occasionally and i own a similar one and
    i was just wondering if you get a lot of spam feedback? If so how do you reduce it,
    any plugin or anything you can suggest? I get so much lately it’s driving
    me mad so any help is very much appreciated.
    buy viagra (Lois) Buy Cheap Viagra Online

  6. I’ve been browsing on-line greater than three hours today, but I
    by no means found any interesting article like yours. It is lovely worth enough for me.

    Personally, if all webmasters and bloggers made excellent content as you did, the net shall be a lot more helpful than ever before.
    Hey would you mind stating which blog platform you’re using?

    I’m going to start my own blog soon but I’m having a tough time choosing between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design seems different then most blogs
    and I’m looking for something unique. P.S Sorry for being off-topic but I had to ask!
    It’s perfect time to make some plans for the longer term and
    it is time to be happy. I have read this publish and if
    I may I want to counsel you few interesting things or advice.
    Maybe you can write next articles referring to this article.
    I desire to learn even more issues approximately it! http://foxnews.net

  7. It’s a shame you don’t have a donate button! I’d without a doubt
    donate to this fantastic blog! I suppose for now i’ll settle for book-marking and adding your RSS feed
    to my Google account. I look forward to brand new updates and will share this site
    with my Facebook group. Chat soon!
    viagra canada viagra professional

  8. Hello! I know this is somewhat off topic but I was wondering which blog platform are
    you using for this website? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at options
    for another platform. I would be fantastic if
    you could point me in the direction of a good platform.

  9. Hi, I think your blog might be having browser compatibility
    issues. When I look at your blog site in Ie,
    it looks fine but when opening in Internet Explorer, it has some overlapping.
    I just wanted to give you a quick heads up! Other then that, excellent blog!

  10. Thank you for the auspicious writeup. It in fact was a amusement account it.
    Look advanced to more added agreeable from you! However, how could we
    communicate? Does your site have a contact page? I’m
    having a tough time locating it but, I’d like to send you an email.
    I’ve got some suggestions for your blog you might
    be interested in hearing. Either way, great site and I look forward to seeing it develop over time.
    I couldn’t resist commenting. Exceptionally well written! http://starbucks.com

  11. It is appropriate time to make a few plans for the future and it is
    time to be happy. I’ve read this publish and if I may I
    desire to recommend you few interesting issues or advice.
    Maybe you can write next articles referring to this article.
    I wish to learn even more things approximately it! I enjoy what you guys
    are up too. This kind of clever work and coverage!
    Keep up the terrific works guys I’ve incorporated you guys to my blogroll.
    I am sure this post has touched all the internet users, its
    really really pleasant piece of writing on building up new weblog.
    http://aoc.com

  12. Hey! Someone in my Myspace group shared this website with
    us so I came to look it over. I’m definitely enjoying the information. I’m
    bookmarking and will be tweeting this to my followers!
    Exceptional blog and wonderful style and design.
    I could not refrain from commenting. Perfectly written! I enjoy what you guys are up too.
    This sort of clever work and reporting! Keep up the
    great works guys I’ve incorporated you guys to my personal blogroll.
    http://tagomi.com

  13. Heya i am for the primary time here. I found this board
    and I in finding It truly useful & it helped me out much.
    I am hoping to give one thing again and help others like you aided me.
    I’ll right away take hold of your rss as I can not find your e-mail subscription hyperlink or e-newsletter
    service. Do you’ve any? Kindly permit me
    realize in order that I could subscribe. Thanks. I am sure this post has touched
    all the internet users, its really really nice piece of writing on building up new weblog.
    http://goodreads.com

  14. Greetings! Quick question that’s entirely off topic. Do you know how to
    make your site mobile friendly? My web site
    looks weird when browsing from my iphone 4. I’m trying to find a theme
    or plugin that might be able to fix this problem.
    If you have any recommendations, please share. Cheers!

Leave a Reply

Your email address will not be published.