RIO DE JANEIRO-- The United Nations obtained pledges worth US$513 billion from governments and companies for projects aimed at reducing the strain on the planet’s resources, the biggest accomplishment at a meeting that world leaders and environmentalists assailed for not setting strong enough goals.
The 692 individual commitments from governments are for projects that cut fossil fuel use, boost renewable energy, conserve water and alleviate poverty, Sha Zukang, secretary- general of the UN Conference on Sustainable Development, said yesterday in Rio de Janeiro.
UN officials said the voluntary pledges are the most important legacy of the Rio+20 meeting marking two decades since the first Earth Summit. They may accomplish more than the official agreement from the meeting, 49 pages of recommendations that disappointed leaders from French President Francois Hollande to UN Secretary-General Ban Ki-moon.
“Highest expectations are on governments, but they cannot get the job done alone,” Sha said as three days of discussions concluded. “It is about concrete action.”
The summit in Rio in 1992 led to treaties on global warming, deserts and biodiversity. This year’s gathering, the UN’s biggest ever, had 45,300 delegates from more than 180 nations. It produced a non-binding document, with nations agreeing to keep talking about still-undefined “sustainable development goals.”
Summit ‘Hijacked’
Much of the work detailed by the UN today already has begun, including projects backed by PepsiCo Inc. and billionaire Richard Branson’s Carbon War Room, and US$2 billion in support from the U.S.
Environmental groups such as Friends of the Earth International said the summit was “hijacked” by business interests. Delegates said governments need the help of companies.
“Without the private sector it’s not going to work,” Jose-Angel Gurria, secretary-general of the Organization for Economic Cooperation & Development, said in an interview. “While governments put up the seed money, the big numbers come from the private sector. The private sector is looking at green growth with great interest, seeing it as an opportunity, as jobs, as investment.”
Many of the pledges were made public before the conference in Rio this week. This is the first time the UN has given a comprehensive estimate of their value.
Sustainability Studies
The promises include at least 243 programs related to higher education projects such as studies of sustainability issues at universities in Sydney, Beijing, Paris and New York.
About $280 billion was invested in renewable energy worldwide last year, according to Bloomberg New Energy Finance. The London research group has counted more than US$1 trillion of funds for projects in wind, solar, biofuels and geothermal energy since its records began in 2004.
“There’s no doubt that Rio+20 fell short,” said Manish Bapna, acting president of the World Resources Institute, a Washington-based environmental research group. “But it’s a mistake to conflate what happened here with what’s happening on the ground. You just need to look beyond the walls of the conference to find real-world examples of action.”
The Natural Resources Defense Council, a New York-based environmental advocate following a smaller group of commitments with specific targets, counts 209 separate commitments worth at least US$500 million on its website. (Bloomberg/aph)
Showing 0 - 0 of 0 comments