Featured Research

from universities, journals, and other organizations

Major Shift In Investments Crucial To Responding To Climate Change, UN

Date:
August 28, 2007
Source:
United Nations
Summary:
Tackling climate change in the next quarter century will require major changes to patterns of investment and financial flows, according to a recently released report by the United Nations Framework Convention on Climate Change. The study analyzed both existing and potential investment and financial flows relevant to developing an international response to climate change. It found that the additional amount of investment and financial flows in 2030 will amount to between 1.1 and 1.7 per cent of global investment. Another key finding of the study is that $200 to $210 billion worth of additional investment and financial flows will be necessary to return greenhouse gas emissions to current levels.

Tackling climate change in the next quarter century will require major changes to patterns of investment and financial flows, according to a recently released report by the United Nations Framework Convention on Climate Change (UNFCCC).

“The study shows us that a conscious effort to shift from traditional investment to more climate-friendly alternatives will require governments to adopt new policies and change the way they use their funds,” said UNFCCC Executive Secretary Yvo de Boer. “The required shift in future investment and financial flows needs a combination of actions by the intergovernmental process under the UNFCCC and national governments.”

The study analyzed both existing and potential investment and financial flows relevant to developing an international response to climate change.

It found that the additional amount of investment and financial flows in 2030 will amount to between 1.1 and 1.7 per cent of global investment.

Another key finding of the study is that $200 to $210 billion worth of additional investment and financial flows will be necessary to return greenhouse gas emissions to current levels.

“Developing countries will require a large share of investment and financial flows because of their expected rapid economic growth,” Mr. de Boer noted. “This presents a real opportunity.”

In 2030, it is forecasted that investment flows to developing countries will comprise 46 per cent of global needs, while these nations would achieve 68 per cent of emission reductions worldwide.

The report will be discussed at the UNFCCC meeting in Vienna from 27 to 31 August, which will involve participants from all 191 countries that are party to the Framework. The gathering – expected to draw 1,000 representatives from governments, business and industry, environmental organizations and research institutions – will set the stage for a major UN conference in December on further reducing the greenhouse gases from human activity blamed for global warming.

That conference, to be held in Bali, Indonesia, from 3 to 14 December, seeks to determine future action on mitigation, adaptation, the global carbon market and financing responses to climate change for the period after the expiry of the Kyoto Protocol in 2012.

The full report will be made available on the UN website.


Story Source:

The above story is based on materials provided by United Nations. Note: Materials may be edited for content and length.


Cite This Page:

United Nations. "Major Shift In Investments Crucial To Responding To Climate Change, UN." ScienceDaily. ScienceDaily, 28 August 2007. <www.sciencedaily.com/releases/2007/08/070826170958.htm>.
United Nations. (2007, August 28). Major Shift In Investments Crucial To Responding To Climate Change, UN. ScienceDaily. Retrieved October 1, 2014 from www.sciencedaily.com/releases/2007/08/070826170958.htm
United Nations. "Major Shift In Investments Crucial To Responding To Climate Change, UN." ScienceDaily. www.sciencedaily.com/releases/2007/08/070826170958.htm (accessed October 1, 2014).

Share This



More Earth & Climate News

Wednesday, October 1, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Earth Has Lost Half Its Vertebrate Wildlife Since 1970: WWF

Earth Has Lost Half Its Vertebrate Wildlife Since 1970: WWF

Newsy (Sep. 30, 2014) A new study published by the World Wide Fund for Nature found that more than half of the world's wildlife population has declined since 1970. Video provided by Newsy
Powered by NewsLook.com
Seismic Activity Halts Recovery at Japan Volcano

Seismic Activity Halts Recovery at Japan Volcano

AP (Sep. 30, 2014) Rescuers were forced to suspend plans to recover at least two dozen bodies from near the summit of Mount Ontake in central Japan on Tuesday after increased seismic activity raised concern about the possibility of another eruption. (Sept. 30) Video provided by AP
Powered by NewsLook.com
Dolphins Might Use Earth's Magnetic Field As A GPS

Dolphins Might Use Earth's Magnetic Field As A GPS

Newsy (Sep. 30, 2014) A study released Monday suggests dolphins might be able to sense the Earth's magnetic field and possibly use it as a means of navigation. Video provided by Newsy
Powered by NewsLook.com
How To Battle Stink Bug Season

How To Battle Stink Bug Season

Newsy (Sep. 30, 2014) Homeowners in 33 states grapple with stink bugs moving indoors at this time of year. Here are a few tips to avoid stink bug infestations. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Plants & Animals

Earth & Climate

Fossils & Ruins

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins