Thank you for being here today.
Your leadership is absolutely key to attaining and raising the ambition of the Paris Agreement.
Hurricanes Harvey and Irma and Maria and the massive floods in South Asia are just the most recent demonstration of the urgency of tackling climate change. Such events will only become more frequent and more savage, with more dramatic humanitarian and economic consequences.
Countries have signed up to the Paris Agreement. But we know that current pledges and plans are insufficient to keep global temperature rise to well below 2 degrees. In 2020, Parties will review progress. By then, we need to make sure that we have substantially raised the bar of ambition. We are still on a path for a world that may be 3 or more degrees warmer. We need emissions to peak and resilience to build. Last year, more than 24 million people were displaced by weather-related disasters. And the number of such events has nearly quadrupled since 1970. Climate change is challenging the security of many states, especially small islands. The answer lies in the total transformation of our economies, and this is achievable. Globally, investment in green infrastructure has grown six-fold in a decade to almost $300 billion dollars. The rate of growth is highest in emerging economies. Continue reading