There is an air pollution crisis causing the premature death of 7 million people each year, with over 4 million in the Asia-Pacific Region.
The climate crisis is already causing heatwaves, typhoons, droughts and forest fires.
To limit global warming to 1.5 degrees Celsius requires a transition to net zero carbon emissions by 2050.
To date 80 countries have committed to NetZero2050 targets.
COP26 in Glasgow, UK, November
2020 is the moment for countries to submit their nationally determined contributions to the Paris Agreement that should be more ambitious and in line with NetZero2050 targets.
Green growth is possible. Economic growth can be decoupled from air pollution and greenhouse gas emissions. Green jobs gained in the green economy exceed fossil fuel jobs lost.
Investments can be commercially attractive in renewable energy, energy efficiency, sustainable transport, waste to resource management, nature-based solutions such as reforestation, and climate smart agriculture.
Government action is needed to remove direct and indirect fossil fuel subsidies, stop funding or supporting fossil-fuel based energy projects internationally, and remove obstacles to the green transition domestically and internationally.
Over 1000 major private sector companies have already signed up to the “We Mean Business” coalition, committing to actions in line with NetZero2050 targets.
Government support, and international climate finance such as from the Green Climate Fund, is critical to catalyze action in the developing world, but these billions in climate finance need to leverage the trillions in private sector and institutional investor held capital needed to finance the green transition.