Highlights from Simon Stiell, Executive Secretary of the UN Climate Change, at the Instituto Rio Branco in Brazil, on Thursday, the 06th February 2025.
*The world is on course to reach around 3 degrees, instead of the targeted 1,5 °.
*Without the UN-convened global climate cooperation, with its origins in Brazil in 1992, the world would be worse off, heading towards up to 5 degrees Celsius of global heating.
* About USD 2 trillion dollars mobilized in less than a decade, and that’s with over two-thirds of the world’s countries still struggling for the financial agency to take climate actions at scale.
*Available finance could deliver on the Baku to Belém Roadmap to 1.3 trillion.
*The current boom could go from USD 2 trillion to many multiples of that, and fast.
*That’s a lot of investment in the agency of eight billion global citizens.
*National climate plans – or Nationally Determined Contributions in climate lingo – are crucial.
*Already we’ve seen several major economies – including Brazil and the UK among others – send clear signals they are stepping up climate action by submitting bold new national climate plans, because it’s entirely in the interests of their economies and their citizens.
*In India alone, estimates suggest increasing clean energy investments by 2 percent of GDP every year for 20 years will generate an average net increase of about 13 million jobs per year.
*Every dollar invested in adaptation is worth six in loss and damage bills avoided.
*The new global climate finance goal agreed upon in Baku, was an important step forward. It will clearly not initially meet every need. But 300 billion dollars is a baseline not an endline.
*Reorienting the international financial system is no easy feat. But this year we have set ourselves the goal to set out, step by step, how we unleash USD 1.3 trillion under the Roadmap.