Marking the tenth anniversary of each the UN Sustainable Development Goals (SDGs) and the landmark Paris Agreement, Ms. Mohammed highlighted the numerous progress remodeled the previous decade, whereas additionally acknowledging the substantial challenges that stay.
A decade of progress and challenges
In her remarks to the Partnership for development Summit, recognized by the shorthand ‘P4G’, which runs via Thursday within the Viet Nam capital, Ms. Mohammed mirrored on the progress achieved for the reason that adoption of the SDGs and the Paris Settlement.
Nevertheless, she harassed the stark actuality that the world continues to be removed from the place it must be.
“As I converse, there are 750 million individuals who don’t have entry to electrical energy, and two billion folks haven’t any clear cooking options,” she said. She additionally identified the rising air air pollution affecting kids worldwide because of fossil gas emissions.
Hope amid adversity
Regardless of the daunting statistics, the UN deputy chief expressed hope, drawing inspiration from the phrases of Vietnamese Zen Grasp Thich Nhat Hanh: “Hope is necessary as a result of it will probably make the current second easier to bear. If we consider that tomorrow shall be higher, we will bear a hardship at this time.”
She recognized three sources of hope:
- International Dedication: The presence of representatives from governments, companies, buyers, and civil society on the summit demonstrated a collective dedication to constructing extra sustainable, resilient, inclusive, and affluent societies;
- Collaboration: Initiatives just like the Simply Power Transition Partnerships and P4G’s public-private partnerships, which exemplify the ability of collaboration in reworking vitality, water, and meals programs and;
- Financial Imperatives: The financial advantages of local weather motion; each greenback invested in local weather adaptation can generate a return of as much as 10 instances.
She additionally identified the numerous value reductions in wind, photo voltaic, and battery storage applied sciences, making them the most cost effective sources of recent electrical energy in lots of markets.
An financial case for local weather motion
Ms. Mohammed underscored the monetary impression of local weather disasters, which brought on $320 billion in damages worldwide final 12 months.
She emphasised that the local weather disaster is draining sources wanted for growth but in addition introduced a compelling financial case for local weather motion.
“Renewables accounted for 92.5 per cent of all new energy capability added globally final 12 months, and clear energy surpassed 40 per cent of worldwide electrical energy era for the primary time,” she famous.
Deputy Secretary-Normal Amina Mohammed delivers remarks on the P4G Summit in Hanoi, Viet Nam.
Viet Nam as a number one instance
Highlighting Viet Nam’s management in clear vitality, Ms. Mohammed praised the nation’s daring shift from coal, which isn’t solely combating local weather change but in addition selling a fairer and extra equal future. She referred to as this second a “uncommon alternative” to usher in a brand new financial period that ensures vitality entry, affordability, and safety whereas creating zero-carbon, disaster-resilient, and sustainable societies.
Name to motion
The UN deputy chief urged authorities leaders to speed up the implementation of cost-effective options and drive change via good insurance policies and reforms in any respect ranges.
She emphasised the significance of the following spherical of Nationally Decided Contributions (NDCs) – nationwide local weather motion plans – in aligning vitality and growth plans with local weather objectives.
“Funding is vital,” she harassed, citing the necessity for $2.4 trillion per 12 months to stream rising and creating economies exterior China by 2030 to maintain the 1.5-degree goal inside attain and ship on the SDGs.
Addressing company, monetary, and civil society leaders, Ms. Mohammed referred to as for continued innovation, collaboration, and the creation of recent fashions and partnerships to mobilize finance at scale. She inspired leaders to show obstacles into enterprise alternatives and drive actual investments in local weather and sustainable growth.
In closing, Ms. Mohammed reaffirmed the United Nations’ dedication to supporting world efforts in the direction of a extra affluent future for all. “The United Nations stands able to help your efforts each step of the way in which and hold the hope of a extra affluent future for all alive,” she concluded.
