DOHA: Strong involvement of private sector is key for a successful tackling of climate change challenges. The third annual World Climate Summit held in parallel with the ongoing UNFCCC COP18/CMP8 here yesterday has called on the stake holders to bolster the public private partnership (PPP) to achieve the global emission reduction target.
The event, attended by over 1,000 experts, discussed issues pertaining to the UNFCC including Green Climate Fund (GCF), Public Private Partnership, technology transfer came up with bottom-up solutions including talking the Global energy Mix, resource efficiency, smart infrastructure for cities and regions. Addressing the plenary panel session, Gary S Guzy, Deputy Director and General Counsel for White House Council on Environmental Quality said : ”The nature of the problem is divers. Government alone can’t address the issue. Private sector partnership is key to scale up the reduction process”.
The US has already launched a five-point strategy to address the issue. It has invested hugely in the reduction strategies. Investments in infrastructure in the coming years will be scaled up significantly to support broader development and the economic growth agenda. Large areas of Federal lands have been allocated for solar power generation, he said.
Mary Barton-Dock, Director, Climate Policy and Finance Department, World Bank said the UNFCC’s Global Climate Fund (GCF) has to be more ambitious. We need to think about differently in terms of raising the fund. The initiatives are to raise $14bn a year for the emission cut. It’s not a big money. A multi-lateral funding would make our job easy, she said. When it comes to the funding on emissions reduction, private sector is a ‘make or break’ factor.” Attending the plenary session, Prof Masahiko Horie, Ambassador for Global Environment Affairs, Japan wanted the developing nations to play a proactive role in their ‘reduction commitment’.
The Peninsula
