A chief entrepreneur in the United Nations sustainability has warned that they could no longer ignore the “growing gap between the north and the south” on climate change.
“The climate has become a political issue”, describing the rift between the rich and poor countries as “greater A gap.
Speaking about the CNBC Committee, which discusses the challenges and opportunities available to companies in seeking to achieve the goals of the net climate at the World Economic Forum in Davos, Switzerland, the United Nations manager warned that divisions between the global north and the global south created “tension at the global level” between both businesses and makers Policies.
“You cannot ignore it regardless of where you are in the world,” she said.
Climate talks at the COP29 summit in Baku, Azerbaijan, ended in November, in a state of intense, as developing countries were not affected by financial obligations in the rich world.
Southern leaders and international activists in The climate summit left angry at a $ 300 billion financing dealTagged commitment compared to $ 1.3 trillion required to adapt to the climate.
At some point, delegates from the poor and small states of the island came out in frustration because of what they called the insertion, worried that the countries producing fossil fuel were seeking to alleviate aspects of the deal.
Ojiambo has warned of the consequences of divisions and tensions on climate financing.
Sanda Ogiabo, CEO and United Nations CEO.
Lee Vogel Getty Images Entertainment | Gety pictures
She said, “He suffocates adequate capital, and suffocates technology. It is broken confidence.”
The President of the United Nations added that strengthening the public and private partnerships with the “affordable capital” of “Global South” companies is vital to recovery “a broken world”.
“Anxiety and anxiety” in the global south is due to its production “the lowest amount of emissions” while “more than climate work” is affected.
Climate scientists warn The high sea levels, frequent hurricanes and food insecurity represent an existential threat to the developing countries on the small island in the Caribbean and Pacific Sea.
The height of 1.5 ° C in the average global temperatures would increase the floods and the severe drought that it has already witnessed in Africa, home to 32 from at least 48 countries in the world.
Egiambo added that both warnings and scientific divisions prompted the world to a “turning point”.
A A report published by the United Nations. In 2023, I found that G20 countries are responsible for 76 % of global emissions.
“If we can get a large amount of big players only to get where we need to reach these goals, this is one piece. Then we can work on the rest.”
The opportunity to invest in “sexual lens”
Gender divisions can be a great opportunity for business leaders to achieve sustainability goals.
Catherine Garrett Cox, CEO of Gib Asset Management and CDP Worldwide, universal profitability, said companies should apply a “sexual lens” to opening funding.
“Female -led companies are usually more concerned about this issue,” she said, adding that improving investment “will be important.”
“Investing in the gender lens is still very emerging,” said Garrett Cox.
according to The 2X World Sex Finance NetworkSexual lenses formed investing approximately $ 8 billion in private market investments in 2023.
