NJ Mxakato-Diseko, ambassador at Large for COP 17/CMP 7, Department of International Relations & Cooperation South Africa, who spoke on the closing day of the Business for the Environment Climate Summit (B4E) in London, said that a failure to make progress at the UNFCCC (UN Framework Convention on Climate Change) talks could result in a ‘collapse of the system'. The Ambassador also highlighted the need for developed countries to engage more with developing countries and ‘demystify' the transition to a green economy.
Ambassador Diseko welcomed the commitments made by participants in the Summit, which saw over 250 high-level business, NGO and civil society leaders from 26 countries put forward a document setting out plans for industry commitments and policy asks to speed up the change to a green economy.
Concerted action for sustainability
Delegates argued that concerted government action can leverage a stronger private sector response and more investment in projects which can contribute to long-term sustainability.
Jim Leape, Director General of WWF International said, "Multilateral government talks have so far failed to agree on solutions to stop runaway climate change. In this context, it's clear that to avert the worst we must find ways to channel the private sector's resources and entrepreneurial drive into the challenge of building a renewable energy economy." Read the full report here.
Source: WWF Global.
