久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
World / US and Canada

Greening our global economy

(chinadaily.com.cn) Updated: 2014-12-31 17:04

2014 has been another extraordinary year. Turmoil, and worry about turmoil and its consequences have pervaded much of our public debate, whether about jobs, the economy, or civil unrest and terrorism. For the first time since the financial crisis, these concerns are increasingly global, no longer just about the economic meltdown that has mainly impacted Europe and North America. The economies of most developing countries have slowed, often drastically so. Indeed, we are no longer only concerned about how to get out of a cyclical downturn. We may be witnessing a more permanent, structural change in our global economy, with some experts predicting "secular stagnation", a period of slow economic growth, and rising levels of technological unemployment of many routinized jobs.

There are however, beacons of light and hope amidst this volatile, unsettling period, of which I wanted to highlight just two, both about climate. Firstly was the unique leadership event in New York on 23 September convened by UN Secretary General, Ban Ki Moon, bringing together more than 100 heads of state, along with chief executives, city mayors, and civil society and labour leaders, to spur renewed efforts on climate change (LINK: http://www.un.org/climatechange/summit/). The Summit, which catalyzed hundreds of other, simultaneous events around the world, demonstrated the broad base of shared urgency as to the need to advance low-carbon, climate resilient development. As important, was the fact that the assembled leaders were of a common view that acting on climate was not only in the best interests of the global community of nations, but would advance the direct interests of those nations, businesses and communities that took leadership.

The Summit`s message was not, however, that unilateral action would alone get the job done. Co-operation, especially internationally, was needed if the assembled leaders were to go beyond their comfort zones and commit to the targets required to put the global economy on course for keeping global warming below 2C. And that brings me to my second ray of hope. The recent announcement at the APEC meeting here in Beijing of a deal between China and the USA on climate may be the breakthrough we have all been hoping for in advancing a strong climate deal in Paris in late 2015. China`s willingness to set an absolute cap on its carbon emissions, alongside important commitments by the US, Europe and a growing number of other economies, both offers the prospect of a slowdown in emissions, as well as providing a political signal that could encourage greater collective ambition over the coming year and beyond.

Ambitious leadership is a pre-condition for addressing major global challenges such as climate. The challenge of turning such leadership into practical action is considerable. Reducing the carbon intensity of any economy, for example, is hard work, particularly for developing countries reliant on mining, oil and gas, manufacturing and other energy intensive activities that deliver jobs and economic growth. Significant co-benefits help, which in China includes both the fight against air pollution and water scarcity, and the opportunity to develop a lead in tomorrow`s green technology industries and exports. China has much to do on both fronts, and much to gain.

Considerable finance is needed to speed this transition. Internationally, progress on green finance has been slow to date, but is picking up speed. There is no doubt that wealthier countries should foot a greater part of the bill, especially in supporting the costs of adaptation by poorer developing countries such as small island states. The commitments to the Green Climate Fund, such as the US$3 billion committed by the USA at the G20 in Australia, now along with other commitments by Germany, Japan, Switzerland, the UK and others. Whilst important, they cannot hope to deliver the US$5 trillion a year need for infrastructure investment to keep the global economy on the road, to enable developing countries to realize their development ambitions, and to drive forward the low-carbon, climate-resilient transition.

The UN Intergovernmental Committee of Experts on Sustainable Development Financing has highlighted the need to finance infrastructure, healthcare and education, access to energy and gender equality, as well as global public goods such as biodiversity and climate change mitigation to meet post-2015 development goals. UNCTAD estimate a US$2.5 trillion annual investment gap in developing countries for financing for such development. Inter-governmental financial flows will only be one part of the solution. Furthermore, the financing needs of developing countries will only partly be addressed through international finance, whether public or private. The main source of finance in many developing countries is local.

China`s success in transitioning to a low carbon, climate resilient pathway will, similarly, depend on its rapidly developing financial and capital markets. Fortunately, leading financial institutions, and those institutions with responsibility for the markets` development, are rising to this challenge. The Industrial Development Bank has been the first Chinese bank to embrace the Equator Principles, the international gold standard for effective environmental risk management of project investments, with other policy banks such as the China Development Bank establishing comparable approaches. China`s ICBC, increasingly a global financial player, has joined with other major financial institutions in working with the UNEP Finance Initiative in advancing good environmental practice in its own operations and across the banking community.

China`s move to green its financial sector has not been restricted to the actions of individual financial institutions. The China Banking Regulatory Commission has since 2007 progressed its green credit guidelines, unique amongst banking regulators globally, and year-by-year moving a growing portion of China`s banking assets towards a compliant and accountable approach to environmental assessment and management. The Peoples Bank of China is co-Convening a Green Finance Working Group with the UNEP Inquiry into the Design of a Sustainable Financial System, an international initiative to development policy options to better align financial systems to sustainable development. The Finance Institute of the Development Research Center of the State Council, also has been exploring options for green finance policies and regulations over the last two years, working with the International Institute of Sustainable Development, the UNEP Inquiry and other Chinese and international experts.

Finance has to be scaled up and flow quickly to address climate and other sustainable development goals to be established as part of an international process in 2015. Private capital will be key, increasingly from developing countries for domestic and South-South investing. Greening financial and capital markets is a pre-condition to making this happen, alongside other green economic and industrial policies. China has a unique opportunity to lead this as part of its own financial market development, and in its international role through key policy platforms such as the G20, so supporting the establishment of a sustainable financial system fit of the 21st century.

?????????????????????????????????????????Achim Steiner, UN Under-Secretary-General and UN Environment Programme Executive Director

Further information on the UNEP`s green finance work can be obtained from www.unep.org, and a recent briefing on the work of the UNEP Inquiry can be downloaded at: www.unep.org/inquiry

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 萌白酱白丝护士服喷水铁牛tv | 欧美成人性生活视频 | 国产色司机在线视频免费观看 | 91精品国 | 美女双腿打开让男人桶爽网站 | 欧美不卡在线视频 | 国内真实愉拍系列情侣自拍 | 亚洲国产一区二区三区在线观看 | 久久久一区二区三区不卡 | 最新国产中文字幕 | 精品久久久久久影院免费 | 99久久综合狠狠综合久久一区 | 在线观看日本免费视频大片一区 | 中文字幕亚洲 综合久久 | 国产一级毛片夜一级毛片 | 亚洲视频在线观看一区 | 久久精品国产欧美日韩亚洲 | 日本女人www| 国产精品久久久久久久久久久不卡 | 91国内视频在线观看 | 欧美成人老熟妇暴潮毛片 | 国产在线一区二区 | 九九久久精品 | 午夜精品视频 | 中文字幕久久久 | 久久精品a一国产成人免费网站 | 国产成人mv 在线播放 | 免费一级欧美片在线观看 | m男亚洲一区中文字幕 | 久久精选视频 | 99国产高清久久久久久网站 | 最近手机高清中文字幕大全7 | 久久免费视频播放 | 日韩一级a毛片欧美一级 | 国产老妇k| 亚洲免费专区 | 欧美xxxx精品另类 | 日本一区二区三区不卡视频中文字幕 | dvd8090cnm欧美大片 | 欧美成人三级网站 | 欧美精品一级毛片 |