UN Climate Chief Simon Stiell emphasized the critical role of finance in combating the climate crisis, stating 'it’s blazingly obvious' that finance is a make-or-break factor. This sentiment was echoed in the Independent Expert Group report, which has significantly influenced the World Bank, with President Ajay Banga adopting many of its recommendations during the 2023 World Bank/IMF Annual Meetings. The urgency of the situation was further underscored by calls for the World Bank to make a 'quantum leap' in its efforts against climate change. Stiell also warned that without unified action, global warming could decimate G20 economies, stressing the need for $5 trillion per year in spending to avert economic collapse and urging G20 nations to overcome geopolitical divisions to address the crisis effectively. Additionally, Stiell proclaimed 'Two years to save the world!!!!', suggesting that any real-world response must include boosting climate finance, creating bolder national plans, and potentially involving geoengineering.
So @UNFCCC exec secy @simonstiell proclaims, "Two years to save the world!!!!" His solution? Boost climate finance and create bolder national plans? If the first were true, then any real-world response would absolutely have to involve geoengineering and the rest, given the… https://t.co/kbGgqqzvfe
UN climate chief Simon Stiell on Wednesday warned G20 nations their economies face decimation and they must overcome geopolitical divisions to tackle global warming. https://t.co/8p6ozBNpt6
Global warming will 'decimate' G20 economies without unity: UN climate head Correction: "... without G20 economies spending $5 trillion per year which NGOs such as the UN can embezzle generously"
BREAKING - Global warming will ‘decimate’ G20 economies without unity: UN climate head https://t.co/jXf8Wt8RuR
World Bank must take ‘quantum leap’ to tackle climate crisis, UN expert says https://t.co/YapTGcFz9A
The Independent Expert Group report has taken the #MultilateralDevelopmentBanks world by storm, with #WorldBank President Ajay Banga incorporating many of its recommendations in his address at the 2023 World Bank/IMF Annual Meetings: @rishithsinha https://t.co/bCNglJ95hr
“As Simon Stiell, the UN’s climate chief, recently observed, ‘it’s blazingly obvious that finance is the make-or-break factor in the world’s climate fight.’” https://t.co/K5afNDpjW3