Archives for posts with tag: DohaConference

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There are over 7 billion people in the world today. Projected growth estimates for the future, if there is one, evidence the fact that unless we enact an environmentally-friendly methodology through  public/private business sector  initiatives our planet will not be sustainable.

Our globe is getting warmer. Just witness the loss of wildlife habitat in the Arctic as the polar ice cap melts threatening polar bear and other wildlife species. I am personal witness to the effects of Hurricane Sandy and its impact in loss of life, homes lost, and businesses destroyed. In yesterday’s “New York Daily News,” comparisons to New Orleans and Houston’s Hurricanes Katrina and Rita were striking: SANDY Homes Lost – 305,000 vs. Katrina/Rita – 214,000; Businesses Impacted – SANDY – 265,300 vs. Katrina/Rita – 18,700. Of course the death toll is most telling — Katrina/Rita 1,833 and SANDY – 60. However, 22 lives were lost on Staten Island alone.  And this is just the United States. What about the flood and drought conditions that have had devastating consequences in the Sahel, Somalia, Pakistan, and Bangladesh? Nature’s fury has left no continent untouched.

Yesterday, 27 November,  Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) Christiana Figueres announced a partnership that is a concrete step to moving in the right direction to the road of sustainability.

UN News Centre Source

A new United Nations-led partnership aimed at showcasing innovative models for financing climate change adaptation and mitigation activities was unveiled 27/11/2012.
The initiative, which will pair the UN Framework Convention on Climate Change (UNFCCC) with the World Economic Forum (WEF) in an effort to spotlight successful public-private financing mechanisms, will be formally launched on 6 December as part of the ongoing UN Climate Change Conference in Doha, Qatar.

UNFCCC Executive Secretary Christiana Figueres acknowledged that the time had come for the private sector to deliver “significant investments” and help guide the international community onto a path towards what she described as “a climate-secure future.”

“Given the scale of investment needed, the newness of technology solutions and the perception of risk that exists, the current level of investment is far too low,” Ms. Figueres cautioned in a news release, adding that the public sector could “help to unlock private finance and ensure supportive policy frameworks for climate-friendly investment.”

The partnership – called Momentum for Change: Innovative Financing for Climate-friendly Investment – will seek to inform Member States, investors, business, public finance agencies and the media about practical ways and means to kick-start a global shift to environmentally and economically sustainable growth.

In addition, it will also avail itself of the WEF’s Green Growth Action Alliance – a network of over 50 of the world’s largest energy companies, international finance institutions and development finance banks working to deliver greater investment into clean energy, transportation, and agriculture.

The Doha conference brings together the 195 Parties to the UNFCCC, the parent treaty of the 1997 Kyoto Protocol. Under the Protocol, 37 States – consisting of highly industrialized countries and countries undergoing the process of transition to a market economy – have legally binding emission limitation and reduction commitments. The conference will, among other goals, try to extend the Protocol, whose first commitment period expires at the end of 2012.

Susan Sacirbey

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Photo Credit: globalwarmingfacts.net

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Blog Report: POSTAL SERVICE FOR MONEY BANKING AND FINANCIAL MARKETS? By Ambassador Muhamed Sacirbey
The UPU Congress adopted a resolution urging states to continue developing financial services & recognizing importance of such services in reducing global poverty. During most recent financial crisis, numerous postal services offering financial services saw an increase in number of customers and accounts.
http://diplomaticallyincorrect.org/blog_post/postal-service-for-money-banking-and-financial-markets/56635