Meeting of the Coalition of Finance Ministers for Climate Action – ICC

Meeting of the Coalition of Finance Ministers for Climate Action – ICC

The global business community stands squarely behind collective efforts to limit global temperature increase to 1.5°c.   The science is clear. The long-term economic argument is compelling.

Session 3 – Making Progress Towards Decarbonization: Dialogue with Key Stakeholders Speech by ICC Secretary General John W.H. DEnton AO on the margins of the World Bank Group/International Monetary Fund 2021 Spring Meetings

Tuesday, 6 April 2021, 10:54-11:19 (ET) The Coalition of Finance Ministers for Climate Action – established in Washington DC in April 2019 on Finland’s initiative – brings together fiscal and economic policymakers from over 50 countries in leading the global climate response and in securing a just transition towards low-carbon resilient development.

This roadblock to a real economy approach to climate action will be all greater following the economic shock caused by the pandemic.
Expecting MSMEs with increasingly weak balance sheets – and increasingly pessimistic views of their futures – to voluntarily make the investments needed to reduce their emissions footprint, or boost their resilience to a changing climate, just isn’t realistic
That’s why – we launched last September the SME Climate Hub, to provide a positive incentive to change.
To provide a central platform to way to make climate action a commercial opportunity for all SMEs everywhere.
Don’t understate the costs that companies can incur in making the transition to a low-carbon trajectory throughout their operations…
Which is why we are partnering with multinational companies to provide clear procurement preferences and preferential financing opportunities to MSMEs that have made a recognised net-zero commitment.   At this point in time SMEs are struggling just to get by – rather than thinking about investing in a greener future.

But MSMEs are often unable to align with the goals of Paris But how do we unlock that opportunity to the fullest possible extent?
How do we enable all businesses to take action aligned with a net-zero future?
And that, means “enabling the global sme ecosystem to deliver at scale”
MSMEs make up almost 90% of businesses worldwide.
Employ more than two billion people and are the foundation of the global economy.
They also account for more than 50% of GHG emissions.
But MSMEs are an afterthought when it comes to global discussions on climate action.
It’s time to reframe the debate.
MSMEs are the lynchpin in any economy-wide transition to net zero.
Enterprising SMEs can also drive the innovation needed to meet the climate challenge – across renewable energy, hydrogen, carbon removal and zero-emission mobility solutions.
MSMEs see quite clearly the need to take effective climate action – now !
Witness the extraordinary commitment of millions of SMEs to the ICC Chambers Climate Coalition

The News Highlights

  • Meeting of the Coalition of Finance Ministers for Climate Action – ICC
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
HMG Health Matters: Small Miracles offers equine therapy to treat trauma and improve motor functions |  News

HMG Health Matters: Small Miracles offers equine therapy to treat trauma and improve motor functions | News

“I love horses, and when I was growing up, my dad would take me for pony rides, and I didn’t realize how the horses helped me go through and endure the trauma ...
Mission, money and markets: questions and answers with the new social investment officer Erika Brice

Mission, money and markets: questions and answers with the new social investment officer Erika Brice

Q: What’s a good book you’ve read recently that you’d recommend? A: My biggest passion is for social-economic mobility. I’m really big on making sure that ...
50 years ago, scientists say marijuana threatens teenagers’ mental health |  Science News

50 years ago, scientists say marijuana threatens teenagers’ mental health | Science News

Source Fifty years after the recommendation to legalize the recreational use of marijuana, at least 15 U.S. states have done so. In that time, a growing ...
Bitex becomes the first crypto exchange to provide investment disclosures

Bitex becomes the first crypto exchange to provide investment disclosures

“If exchanges simply provide trading summary, containing what investors have sold or bought, then that will help them provide proof of exact money they made or ...
Full version of Virtua Fighter 5 Final Showdown hidden in Yakuza games

Full version of Virtua Fighter 5 Final Showdown hidden in Yakuza games

Coincidentally, this discovery comes a week after reports of the full version of TimeSplitters 2 was found within Homefront: The Revolution. The main ...
Microsoft Teams Desktop App Will Add Option To Lock Ongoing Meetings

Microsoft Teams Desktop App Will Add Option To Lock Ongoing Meetings

Currently, Microsoft Teams allows organizers to manually admit participants into the meeting once it’s started. However, there is no option to prevent ...
Sennheiser Momentum True-wireless 2 earbuds are selling at a 17% off on Amazon

Save on a teeny-tiny pair of noise-canceling earbuds

These earbuds have active noise cancellation and can block up to 28 decibels of sound. They have an impressive battery life, too: When you factor in the ...
Fable Anniversary, Fable 3, And Destroy All Humans Coming Soon To Xbox Game Pass

Fable Anniversary, Fable 3, And Destroy All Humans Coming Soon To Xbox Game Pass

The Xbox Game Pass library is growing yet again, with several big titles “coming soon” to the ultra-popular service. Titles revealed by Microsoft include ...
Apple iPads to support latest PlayStation, Xbox game controllers. Orders for iPad Pro models begin April 30

Apple iPads to support latest PlayStation, Xbox game controllers. Orders for iPad Pro models begin April 30

New iPad Pro models are on the way, too. Starting prices remain the same as the previous generation if iPad Pro devices: the 11-inch model starts at $799, ...
Show next
Compsmag - Latest News from tech, business and health
Logo