Climate change: doing nothing will cost more

The latest report of the Intergovernmental Panel on Climate Change (IPCC) presented on November 2 in Copenhagen, Denmark, emphasized the strength and continuation of ongoing climate change.

“Our assessment finds that the atmosphere and oceans have warmed, the amount of snow and ice has diminished, sea level has risen and the concentration of carbon dioxide has increased to a level unprecedented in at least the last 800,000 years,” said Thomas Stocker, Co-Chair of working Group I of the IPCC.

The Secretary General of the United Nations, Ban Ki-moon, said that “if we act now, we have the means to build a more sustainable world,” and that inaction would prove much more costly. “Time is not on our side… leaders must act,” he said.

Ban has called on world leaders to work together to mobilize the necessary funding and develop markets. He also challenged the public and private financial institutions, notably calling to contribute to the capitalization of the Global Climate Fund.

“We must keep the promise made in Copenhagen to raise $100 billion per year,” he said, meanwhile welcoming the decision of France to grant $1 billion to this initiative.