The United Nations claims that up to 65 million low carbon jobs can be created over the coming 20 years, adding an additional $26 trillion to the global economy.
The claim comes at the close of the Global Climate Action Summit, which brought together ational, regional and urban leaders from across the world, together with businesses, investors and civil society organizations, in an effort to keep global warming to well-under 2 degrees Celsius, in line with the 2015 Paris Agreement on climate change.
Committing to take “their collective ambition to the next level”, participants focused on five specific areas.
Healthy Energy Systems: An alliance of more than 60 state, regional and city governments pledged to 100 per cent zero-emission targets, together with 23 multinational corporations with revenue of more than $470 billion.
Inclusive Economic Growth: 488 companies from 38 countries, adopted emission-reduction goals, in line with the Paris Agreement – 40 per cent up on the number last year.
Sustainable Communities: More than 70 big cities are now committed to carbon neutrality by 2050, representing 450 million citizens.
Land and Ocean Stewardship: A leaders’ group will head a new alliance linking more than 100 NGOs, pledged to more action on behalf of forest, food and land sustainability.
The Investor Agenda: brings together nearly 400 investors, managing $32 trillion of assets, who pledged to scale up the flow of capital into climate action, and a more sustainable, low-carbon economy.
The summit issued a formal “Call to Global Climate Action” saying that “now I the time for all leaders to step up”.
“Only together will we transform our communities and energy systems, create employment opportunities and economic prosperity, protect our oceans and natural environment and complete the transition to a zero-carbon world”.