Climate-friendly investments key in sustainable development

Businesses that reduce greenhouse gas emissions, promote renewable energy, and other such agenda that help lessen climate change impact took the spotlight at a fringe event at the Conference of the Parties for the United Nations Framework Convention on Climate Change (UNFCCC) in Warsaw in November.

The gathering, called the “Momentum for Change: Climate-Friendly Investment”, is part of the larger Momentum for Change initiative by the UNFCCC to showcase programmes around the globe that work towards producing immediate tangible results for a low-carbon sustainable future.

The organisation recognised that private sector-driven efforts are important in securing this goal, along with focusing on other key areas such as urban poor development, women empowerment, and information and communications technology solutions.

In this video by GreenTV, which highlighted several business leaders and their innovative investments, Dominic Waughray, senior director, head of environmental initiatives, World Economic Forum, noted: “These are people who have won on the basis of the fairly robust set of investigations. Do the projects really work? Is it really generating the extra flow of finance we’re looking for?”

The event also underscored that programmes must make business sense while looking at risks posed by engaging operations with ecosystems. 

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