Global investors must play full role in shifting world to clean energy, says UN chief

NEW YORK, 27th January, 2016 (WAM) — More than 500 global investors gathered at United Nations Headquarters in New York today to mobilise the trillions of dollars needed to move the world onto the path of clean energy, with Secretary-General Ban Ki-moon challenging them to, at a minimum, double clean energy investments to $660 billion by 2020.

“Markets now have the clear signal they need to unleash the full force of human ingenuity and scale up investments that can generate low-emissions resilient growth,” he said , speaking just days after scientists confirmed that 2015 was the hottest year on record.

“The world now counts on you to act at the speed and scale needed to transform the global economy. To keep global temperature rise well below 2 degrees, and even 1.5 degrees, we must begin the shift away from fossil fuels immediately. We need a massive scaling up of investments in clean energy and energy efficiency,” he said.

Organised by the non-profit Ceres, the UN Foundation and the UN Office for Partnerships, the all-day meeting sought to catalyze a global shift toward exponentially cleaner energy fast enough to meet the long-term objective of December’s Paris climate accord to reduce net greenhouse gas emissions to zero to avoid dangerous climate warming.

WAM/Hazem/Majok

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