Simon Stiell: Over trillion dollars invested in climate action last year globally
Baku, October 17, AZERTAC
“Over a trillion dollars was invested in climate action last year globally. Up from a few hundred billion a decade ago,” said Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), as he addressed an online event of the Global Economy and Development Program at the Brookings Institution.
“According to the OECD, in 2022 developed countries provided and mobilised more than $100 billion in climate finance to developing countries,” said Simon Stiell.
“We simply can’t afford a world of clean energy haves and have-nots. In a two-speed global transition, pretty soon everyone loses. Because we can only prevent the climate crisis from decimating all economies – including the largest – if every nation has the means to slash greenhouse gas pollution and boost climate resilience,” he then added.
UNFCCC Executive Secretary also noted: “So, we know trillions more are needed.
Doing so is a crucial investment to protect the global economy, and will be a fraction of the costs every nation will pay if we allow the climate crisis to keep running rampant, devastating more and more lives and livelihoods every year.”
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