The pledges are a good sign if followed up with action. Meanwhile there is a role for the private sector in promoting and implementing renewable energy, as well as energy saving and monitoring products and services. This is a huge opportunity for impact investors to achieve measurable, tangible results.
COP 20 wrapped up in Lima, Peru last week and many attendees are reflecting on the negotiations. Today Caribbean Climate features a review by Indi Mclymont-Lafayette, a Journalist and the Regional Director of Panos Caribbean – a non-government organisation that focuses on development communication.
Soo… what has been achieved after two weeks of talks?
That was the question one of my friends whatsapped me – knowing that I was attending the 20th United Nations Climate Talks in Lima, Peru from December 1-12.
I hesitated before answering.
Truth to tell, if you followed the achievements highlighted by the United Nations – then a lot had been done. The achievements included:
Country pledges to the Green Climate Fund (GCF) pushing it past a US$10 billion start up target.
Germany pledging and giving 55 million Euros (roughly US$68 million) to the Adaptation…
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