“Governments should take a close look at the evidence in this report,” said Rachel Kyte, World Bank Group Vice President and Special Envoy for Climate Change. “It reinforces the economic case for action over inaction on climate change. The report shows that climate action does not require economic sacrifice or, put differently, good economic stewardship can reap huge climate rewards.”
About the U.N. Climate Summit
As part of a global effort to mobilize action and ambition on climate change, U.N. Secretary-General Ban Ki-moon has invited heads of state and governments along with business, finance, civil society and local leaders to a Climate Summit on September 23, 2014, in New York. The Climate Summit is aimed at catalyzing action by governments, business, finance, industry, and civil society in areas for new commitments and substantial, scalable and replicable contributions that will help the world shift toward a low-carbon economy. It comes one year before countries aim to conclude a global climate agreement in 2015 through the United Nations Framework Convention on Climate Change (UNFCCC).
The UN Secretary-General Ban Ki-moon welcomed the report, saying, “There is growing momentum for action on climate change because it is good for people’s wellbeing, job creation and business opportunities. This is what the 23 September Climate Summit will showcase – government, business and civil society leaders supporting transformative action on climate change that will benefit all.”
Click here to read/download the Full Report.
Source: The World Bank.