Ban: Climate Plans Must Be Converted Into ‘Bankable Projects’

UN Secretary-General Ban Ki-moon said governments must take five steps to ramp up the fight against climate change, ensuring greenhouse gases are curbed and rising global temperatures are arrested.

Governments must turn national climate plans into “bankable investment strategies and projects,” Ban said Thursday in a panel discussion at the World Economic Forum in Davos. They must increase climate actions “at every level,” and ratify the global agreement reached last month in Paris, he said.

“The Paris Agreement gives the private sector an unprecedented opportunity to create clean-energy, climate-resilient economies,” Ban said.

Ban also said more attention and resources need to be given to improving the resilience of homes and infrastructures to climate change, and that sufficient financing must be given to developinc countries to allow them to “bypass fossil fuels and meet high energy demands with low carbon sources.”

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