UNITED NATIONS, New York, 21 September 2016 – Strategies to shift capital towards investments that generate climate action and sustainable development were discussed at the United Nations today at a high-level event to discuss a new report titled “Links in the Chain of Sustainable Finance: Accelerating Private Investments for the SDGs, including Climate Action.”
The high-level event was opened by the President of the UN General Assembly H.E. Peter Thomson and chaired by his predecessor H.E. Mogens Lykketoft.
Discussions were centred around the report, commissioned by President of the 70th Session of the UN General Assembly, Mr Lykketoft, and written by Brookings Institution scholars Homi Karas and John McArthur. Similar reports from UNEP and from the New Climate Economy were also discussed.
60 Countries accounting for close to 48 percent of emissions have joined Agreement
New York, 21 September—The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon.
Several large emitting countries, which had not yet completed their domestic approval processes in time for the event, also announced they were committed to joining the agreement this year.
The Paris Agreement will enter into force 30 days after 55 countries, representing 55 percent of global emissions, deposit their instruments of ratification, acceptance or accession with the Secretary-General.
I am heartened by the tremendous support for bringing the Paris Agreement into force this year. The global coalition that delivered in Paris continues to go from strength to strength.
With this meeting this morning, as of now, we have 60 parties representing, over 47.5%[of global greenhouse gas emissions].We need 7.5% more. And that means we have crossed one the two thresholds, the 55 countries, so it’s well over, now let us work harder to get all this 7.5% greenhouse gas emissions added more. I thank the 31 countries who have deposited their instruments with me today. I am happy to declare that we have officially crossed one of the two thresholds required to bring the Paris Agreement into force.
The United Nations General Assembly today elected Peter Thomson, Permanent Representative of Fiji, as President of its upcoming 71st session. Mr. Thomson, who will replace current General Assembly President Mogens Lykketoft, will begin his tenure in September at the commencement of the 71st General Assembly session. Continue reading →
In one round of voting, the General Assembly today elected Egypt, Japan, Senegal, Ukraine and Uruguay to serve as non-permanent members of the Security Council for the next two years. Those elected will fill seats to be vacated on 31 December by Chad, Chile, Jordan, Lithuania and Nigeria. Angola, Malaysia, New Zealand, Spain and Venezuela will continue to serve as elected Council members during 2016, completing the second year of their respective terms. All new Council members will take their seats on 1 January 2016. Continue reading →
In addressing the world’s enormous challenges — serving waves of refugees in the Mediterranean, brokering necessary peace in the Middle East and managing the “existential” threat of climate change — speakers in the General Assembly today called on the United Nations to invoke the spirit that had underpinned its historic founding 70 years ago: one of compassion and dignity. Continue reading →
Amidst heated debates about the political value of symbolic gestures, the General Assembly today adopted five resolutions on a wide range of topics, including the raising of flags by non-member observer States at the United Nations and debt restructuring. Continue reading →