Issuing a stark warning on the massive economic toll of climate change, UN Climate Change chief Simon Stiell on Tuesday said its worsening impacts will put 바카라inflation on steroids바카라 and urged nations to take more decisive action.
Stiell, the executive secretary of the United Nations Convention on Climate Change (UNFCCC), also criticised the tendency to sideline climate action in national policies, calling it 바카라a recipe for disaster.바카라
Addressing the World Leaders Climate Action Summit at the annual UN Climate Change conference -- COP29 바카라 here, he characterised the climate crisis as an 바카라economy-killer바카라 with impacts already draining up to 5 per cent of GDP in various countries.
Highlighting the urgent need for bold policies, Stiell underscored how climate impacts have evolved from a 바카라distant concern바카라 to an 바카라immediate financial threat,바카라 and emphasised that worsening climate events are no longer just a future generations' issue.
바카라The climate crisis is a cost-of-living crisis,바카라 he said, pointing to how climate-induced disasters are driving up household and business costs, inflating the cost of goods and services globally.
바카라Worsening climate impacts will put inflation on steroids unless every country can take bolder climate action,바카라 he warned.
Drawing parallels with the COVID-19 pandemic바카라s impact on supply chains and economic stability, Stiell urged nations to treat climate finance as 바카라global inflation insurance바카라 rather than an optional agenda item.
He criticised the tendency to sideline climate action in national policies, calling it 바카라a recipe for disaster.바카라
Stiell appealed to leaders not just to contain the economic fallout but to recognise the opportunities in transitioning to clean energy. 바카라Bolder climate action can drive economic opportunity and abundance everywhere,바카라 he noted, positioning clean energy as a foundation for creating jobs, boosting growth, and reducing pollution.
The UN climate chief also emphasised the importance of setting a robust global climate finance goal, framing it as a non-negotiable outcome for COP29.
바카라Billions of people simply cannot afford for their government to leave COP29 without a global climate finance goal,바카라 he stressed, urging leaders to communicate their expectations to their negotiators to expedite cooperation and avoid diplomatic standoffs.
Stiell also called for renewed commitments on national climate plans (NDCs) and targets, stating that a concerted effort would enable all nations to capitalise on clean energy advancements and climate resilience.
