UN Secretary Calls for Greater Financial Investment in Climate Change
13 October 2013: Addressing the annual meeting of the International Development Finance Club in Washington D.C, US, UN Secretary-General Ban Ki-moon called for greater financial investment in climate change and stressed the role of the private sector.
He emphasized that maintaining global temperature rise below two degrees Celsius and fighting extreme poverty are mutually reinforcing and achievable goals. He stated that “with enlightened action, we can create jobs, improve public health and protect the environment." He encouraged IDFC to engage in the 2014 Climate Summit. Ban added that the Climate Summit should provide an opportunity to reach the goal of $100 billion-a-year for new climate finance commitments and encouraged IDFC members to double their portfolio of adaptation financing.
Finally, Ban emphasized the role of the smart public investment and private sector engagement to develop a low-carbon infrastructure.