Business can no longer ignore the climate “North South”: no

The leading main corporate resilience of the United Nations warned the leaders of the business that they could no longer ignore the growing “gap to the north-south” climate.

Sanda Ojamba, CEO and UN Executive Director Global Compact – Authority responsible for control over business commitments for achieving sustainable development goals – said Steve Sedgevik that “the climate has become a political issue”, which describes the gap between the rich and the poor nation as ” Great abyss. “

Speaking in the CNBC panel, which discusses business and businesses that seek zero climatic goals at the World Economic Forum in Davos, Switzerland, the UN Director warned that the departments between the world north and the global southern created “tensions at global level” as Among the business and among the politicians.

“You can’t ignore it no matter where you are in the world,” she said.

Climate negotiations at the COP29 summit, Azerbaijan, ended in November, and developing countries are not impressed with the financial obligations of the rich world.

Global leaders and activists in the south Climate summit was dissatisfied with the financial transaction of $ 300 billionA scanty commitment compared to $ 1.3 trillion necessary to adapt to the climate.

At one point, delegates from the poor and small peoples came out of frustration because they called insufficient inclusion, concerned that the countries producing fossil fuel seek to water the aspects of the transaction.

Ojiambo warned of the consequences of divisions and tensions about climate financing.

“This is suppressing the proper stream of capital, it is stifled to exchange technology, it is disturbed,” she said, warning the business executives that they “cannot ignore politics” and instead “must” work in it. “

Strengthening public-private partnerships with “available capital” for enterprises “Global South” is vital for healing the “fracture of the world”, the UN boss added.

“The anxiety and anger” of the World South is reduced to the production of “the smallest amount of emissions”, with “most affected by climatic actions,” Ojba said.

The climate of scientists warns The fact that increased sea levels, frequent cyclones and food security are an existential threat to small countries that develop in the Caribbean and Pacific.

The rise by 1.5 C at medium temperature in the middle temperature will strengthen the floods and the extraordinary drought already experienced in Africa, where 32 out of 48 least developed countries live.

Both scientific warnings and units led the world to the “turning point”, Ojba added.

A Report published by un. In 2023, it turned out that the G20 countries were responsible for 76% of global emissions.

“If we can get a significant number of large players to just get to us to get to these purposes, it’s one piece. And then we can work on the rest,” she said on the Davos panel.

According to Gender Financing Network 2x GlobalThe investment of gender lenses amounted to almost $ 8 billion in private market investment in 2023.