#OnePlanet Summit; As World Leaders Meet Again To Save An Ailing Climate, Strengthen Commitment to Carbon Neutrality
By Blogger (Abdulkareem Haruna)
|Co-Hosts of the #OnePlanet Summit|
The President of Nigeria, Muhammadu Buhari, on Tuesday December 12th joined other world leaders for the #OnePlanet summit taking place at the prestigious architectural marvel, La Seine Musicale, in Paris, France.
The summit is basically meant for global leaders and leading actors in the eco-friendly endeavour to holistically discuss how to further advance the global commitment towards a cleaner environment that will guarantee a sustainable climate.
“The One Planet Summit is committed to a carbon neutrality initiative entrusted to EcoAct”, a flier for the event indicated.
At the opening day of the event, the host President of France, Emmanuel Macron, alongside his co-hosts, the President of the World Bank Group, Jim Yong Kim, and the Secretary-General of the United Nations, António Guterres, addressed the assemblage of world leaders on the ecological emergency on the planet.
The #OnePlanet summit is a follow-up to the historic Paris Agreement signed in 2015. This time, concerned leaders want concrete action on the part of the stakeholders – they look towards a strengthened eco policy for the world.
The summit is also focussing to achieve three goals under a single commitment. And these goals are adaptation, mitigation, mobilisation.
According to the #OnePlanet Summit organizers, the three goals “will be discussed in the afternoon of the summit with the three co-organizers: Antonio Guterres, Emmanuel Macron and Jim Yong Kim” leading in each of the goals.
“The One Planet Summit came as an alliance of hundreds of global leaders from all sectors, determined to demonstrate the power of collective action in addressing such a global issue as the fight against climate change”, the Summit handlers said.
“The aim is to find new means of financing the adaptation of our ways of life to inevitable transformations, of further speeding up the reduction of greenhouse gas emissions, and of ensuring climate issues are central to the finance sector”.
“The consequences of climate change affect everyone, so it is up to each and every stakeholder in society to act”.
Not less than 50 speakers, comprising NGOs, entrepreneurs, investors, government members, local stakeholders and scientists have met with a focus “to take action around the four round tables of the #OnePlanet Summit during morning sessions.
Kareem's Pick Blog have followed the entire morning of the summit and observed that it has achieved the intended goal of identifying and implementing tangible solutions and mobilizing public and private funding “to enable large-scale deployment – including in the most vulnerable countries”.
The summit was fragmented into four panels session each with clear objective set to be achieved.
The first panel death with the issue of Scaling up finance for climate action . The second panel discussed the issue of Greening finance for sustainable business; the third panel focussed on Accelerating local and regional climate action; and the fourth Panel dwelt on strengthening policies for ecological and inclusive transition.
President Muhammadu Buhari’s presentation dwelt on the dire need for robust and sustainable financing for Nigeria’s and other developing country’s climate change challenges.
|Nigeria Presdient, Muhammadu Buhari|
Speaking on the theme ‘Climate Change Financing’ President Buhari told over 60 world leaders that “we cannot implement our Nationally Determined Contribution without adequate financial, technical and capacity building support from the developed countries.”
He said since Nigeria’s adoption of the Paris Agreement, “we have been strengthening our national efforts towards the implementation of the Agreement and the Marrakech Call for Action,” and Nigeria had already ratified the Paris Agreement in May 2017, President Buhari, however, said the country’s “Nationally Determined Contribution to reduce our emission by 20% by 2020 and 40% by 2030,” cannot be attained alone.
“Having just come out of recession we are under no illusion of the challenges that we face in Nigeria.”
“Nigeria recognizes that ensuring sustainable funding is a major constraint in efforts to implement the Nationally Determined Contribution. And to respond effectively to climate change mitigation and adaptation challenges, critical mass of financial resources beyond what we can provide from our national resources will be required.”
The President said Nigeria has taken some steps to meet its national goal in this respect.
“Nigeria has embraced the issuance of the green bond as an innovative and alternative source of projects funding that would help reduce emissions and provide robust climate infrastructure, such as renewable energy, low carbon transport, water infrastructure and sustainable agriculture in line with the Paris Agreement.”
Buhari said his government is “tightening the existing governance structure in Nigeria for more effective implementation of climate change activities, including the additional responsibilities that are consequent on the adoption of the all-encompassing climate change treaty.”
“Government is actively promoting technologies and practices such as sustainable land management, climate resilient agriculture, water efficiency, clean energy, and skills for reducing greenhouse gas emissions among others,” noting that sustaining these efforts will also require external support.
He noted that “accelerating Research and Development on facilitating Access to Climate Friendly Technologies, through technology pooling and collective approach to financing Research and Development, regulating restrictive practices in licensing agreements and anti-competitive uses of Intellectual Property and International Declaration on Climate Technologies are some of the requirement needed to meet the goal.”
“In Nigeria, we are looking at insurance-based proposals to deal with loss, damage and adaptation to the poor, vulnerable and hard-to-reach groups. Risk mitigation through insurance must benefit those groups who currently have negligible access to any form of indemnity coverage. Vulnerable groups will also benefit from new technologies and ways to make insurance schemes affordable, including through long term premium support.”
The president acknowledge “the adverse impacts of climate change such as temperature rise; erratic rainfall, sand storms, desertification, low agricultural yields, drying up of water bodies like Lake Chad, gully erosions and constant flooding are a daily reality in Nigeria,” President Buhari admitted that highly vulnerable communities lack the capacity to cope.
In the area of Nigeria’s external need for assistance, the President said “a long term solution for a source of clean power, which can be achieved through private investments to create economic competitiveness for industrialization, job creation and agricultural programmes throughout the country; and the inclusion of Nigeria in Climate Regional Programmes, especially strong financial support to our planned project for the replenishment of the Lake Chad.”
The President noted that “this long term solution will ensure sustained livelihood for rural and urban communities, and permanently address the conditions conducive to the spread of violent extremism and terrorism, and stem illegal migration especially of our youths abroad.”
He said the external support must be sustained on a long term basis, President Buhari emphasised that “the changes that Nigeria and other developing countries need to make cannot be undertaken overnight.” He said some fundamental restructuring of our economy was required, adding that “in this process, technology will be a powerful tool to simultaneously address climate change and advance development.”
|La Seine Musicale Venue of the #OnePlanet Summit|
He further said that Nigeria looks up to the developed countries to jointly take a leading role in mobilising support for this action plan on addressing the challenges of climate change within the framework of the General Assembly of the United Nations.
The One Planet Summit has been jointly organised with United Nations,World Bank Group,UNFCCC European Commission, OECD,Bloomberg Philanthropies, Global Convenant of Mayors C40 CITIES, Hauts-de-Seine.