BKMC Co-chair Ban Ki-moon delivered a keynote speech at the GCF Private Investment for Climate Conference

As the Chair of the Council of Global Green Growth Institute (GGGI), Co-chair Ban Ki-moon delivered a keynote speech at the Green Climate Fund Private Investment for Climate Conference that kicked-off on October 7th and lasted until October 9th in Incheon, the Republic of Korea.

If we delay action today, we’ll have to pay much a dearer price tomorrow. Let us show the world that we can work and thrive together to make this planet better and sustainable. — Ban Ki-moon

The GCF Private Investment for Climate Conference (“GPIC”) is a global marketplace and ecosystem where leading private sector actors including project sponsors, institutional investors, financial institutions, climate leaders, and the public sector come together to accelerate climate action in developing countries.

This year’s GCF Private Investment for Climate Conference, focusing exclusively on the private sector gathered more than 600 participants from over 100 countries. 

On the second day of the GPIC, under the theme of Mobilizing Institutional Investors and the Global Finance Sector for Climate, Co-chair Ban said, 

The private sector manages more than $210 trillion in assets but invests less than 5% in climate finance. The climate crisis is too big, too serious, too urgent to use the resources of public institutions alone. 

The Green Climate Fund (GCF) is the world’s largest dedicated fund helping developing countries reduce their greenhouse gas emissions and enhance their ability to respond to climate change. GCF has a crucial role in serving the Paris Agreement, supporting the goal of keeping average global temperature rise well below 2°C. We do so by channelling climate finance to developing countries and mobilizing private sector capital at scale.

GCF’s decision to hold this second annual private sector-focused forum reflects the Fund’s recognition that investments by businesses and other financial actors needs to be greatly increased if the world is to effectively deal with warming global temperatures.

The conference offers a unique opportunity to chart ways for institutional investors, including sovereign wealth funds, pension funds and insurance companies, to tap GCF finances to expand emerging markets of low-emission and climate resilient growth.

GCF’s Private Investment for Climate Conference helped further drive the momentum of increasing private sector engagement in tackling the climate challenge which was a marked feature of the UN summit.

Source: Green Climate Fund

© GGGI

Ban Ki-moon visits Bangladesh to urge climate adaptation

“We are here to learn from Bangladesh‘s experiences and vision, when it comes to adaptation, our best teachers are opened doors who are on the front lines of climate change,” said Co-chair Ban Ki-moon.

Ban said this while addressing at the “Dhaka Meeting of the Global Commission on Adaptation” held in Dhaka, Bangladesh on July 10th. Together with Marshall Islands President Hilda Heine, World Bank CEO Kristalina Georgieva and Bangladesh Prime Minister Sheikh Hasina, Ban Ki-moon spoke on the occasion among other distinguished guests.

A report on climate change adaptation by the Global Commission on Adaptation (GCA) and different mechanisms to face the adverse effects of climate change were discussed at the meeting.

“If sea levels were to rise by just one metre, 17% of the country (Bangladesh) would be under water by 2050, said Ban Ki-moon. “According to the IPCC, Dhaka itself could be engulfed by even or slight rise in sea level,” he added.

While the rest of the world debate climate change, for Bangladesh adapting to a warmer, more violent, less predictable climate is a matter of absolute survival, Ban said.

Bangladesh showcased its good practices on climate change adaption initiatives like water resilient crops, home solar system and climate trust fund.The meeting prepared a set of recommendations on climate change adaptation for placing it before the UN in September.

During their stay, the delegation visited the Rohingya camps in Cox’s Bazar to see environmental degradation caused by the Rohingya influx and settlement.

“We saw elevated roads withstand water surge during monsoon season. We witnessed progress in reforestation. And we contributed to resilience by planting trees,” said Georgieva.

Source: https://www.thedailystar.net/environment/climate-change/bangladesh-our-best-teacher-climate-change-adaptation-1769293
Source: https://www.thedailystar.net/backpage/news/climate-change-confce-begin-tomorrow-1768816
Source: https://www.ny1.com/nyc/manhattan/ap-top-news/2019/07/11/ex-un-chief-concerned-over-monsoon-floods-in-rohingya-camps

Watch a live-streamed video here:

Live From hotel intercontinental Dhaka

Dhaka Meeting of the Global Commission on Adaption (GCA)

Gepostet von Ashraful Alam Khokan am Dienstag, 9. Juli 2019

Global Center on Adaptation CEO Verkooijen visits the Ban Ki-moon Centre in Vienna

CEO Patrick Verkooijen of Global Center on Adaptation (GCA) visited the Ban Ki-moon Centre for Global Citizens on November 13th to have a bilateral meeting with the Centre’s Co-chair Ban Ki-moon. Co-chair Ban also serves as Chair of the Board with GCA.

On October 16th, 2018, GCA launched the Global Commission on Adaptation headed by BKMC Co-chair Ban Ki-moon together with Co-chair Bill Gates of the Bill & Melinda Gates Foundation and CEO Kristalina Georgieva of World Bank in The Hague, Netherlands.

To catalyze a global movement to bring scale and speed to climate adaptation solutions, the Global Commission on Adaptation included 17 convening countries and 28 commissioners that consist of the world leaders, representing all regions of the globe and all sectors of development.

Verkooijen and Ban discussed how to better accelerate adaptation action, bring larger support from the international community and promote cooperation among the states and the world leaders as GCA binds the ‘Sustainable Development Goal #13: Climate Action’ whereas all the other 17 SDGs are not legally bound.

The First Partners’ Dialogue of the Global Commission on Adaptation

After delivering keynote address at the launch event and the opening ceremony of the Global Commission on Adaptation in the Hague, the Netherlands, Co-chair Ban Ki-moon led the Partners Dialogue with other commissioners and global leaders.

The Commission will oversee preparation of a flagship report and present its findings and recommendations at the 2019 UNSG Climate Summit. The report will be informed by input from the world’s leading scientific, economic and policy analysis institutes; set out why adapting to climate risks and accelerated action is essential, what new actions are needed and what must be done differently; and how governments, companies and citizens can start working today to make the world a safer, better place.

The Commission also will convene key champions, coalitions, private sector and civil society actors to advance activities aligned to several action tracks, including food security and rural livelihoods, global supply chains, cities, infrastructure, finance, social protection and nature-based solutions.

There are four major roadblocks slowing adaptation that the Commission will work to address:

  1. Decision makers and the wider public are not yet aware of all the opportunities to be gained from becoming more resilient and less vulnerable to climate impacts and natural hazards;
  2. Governments and businesses fail to incorporate climate change risks into their social and economic development plans and investments;
  3. Adaptation efforts fall short of those who need them most, the world’s poorest and most vulnerable people; and
  4. Although adaptation is a global challenge, global leadership on the issue is scarce. In short, the world is falling short of the transformation required to adapt to a changing climate.

Source: https://gca.org/global-commission-on-adaptation/commission-news/global-leaders-call-for-urgent-acceleration-of-climate-adaptation-solutions

Ban Ki-moon delivers keynote address at the launch of GCA

“Without urgent adaptation action, we risk undermining food, energy and water security for decades to come,” said BKMC Co-chair Ban Ki-moon

who is a leader of the Global Commission on Adaption and Chair of the Advisory Board of the Global Center on Adaptation (GCA) at the launch and opening ceremony of the Global Commission on Adaptation in The Hague, the Netherlands on October 16th, 2018. The Global Commission on Adaptation is co-hosted by GCA and World Resources Institute. The Managing Partners coordinate and support the engagement activities of Commissioners, help to deliver research products, and support the overall functioning of the Commission’s work.

The Commission is headed by Co-chair Ban Ki-moon, Co-chair Bill Gates of the Bill & Melinda Gates Foundation and CEO Kristalina Georgieva of World Bank, and consists of 17 convening countries and 28 Commissioners, including leaders representing all regions of the globe and all sectors of development and industry.

“Millions of lives are being lost, and poor people who did the least to cause the problems are suffering the most.” Ban pointed out that “Projects in water scarcity in Africa and the Middle East will cause growth rate to decline by as much as 6 per cent of GDP.”

Ban urged leaders of the world to work on making a complete transformation of “policies, programs, and projects across government, the private sector, and civil society” in order to adopt to climate and to ensure the well-being of humanity.

The Global Commission on Adaptation will provide a road map for what actions should be taken and how differently we should approach the development of the world. Ban says that the next two years will be critical for humanity and that greater climate resilience is reachable if we work together.

“We are at a point of no return!”

“The time to act is now, and we cannot do it alone!”

 

Watch the full speech of Ban Ki-moon and other global leaders at the launch event: https://www.youtube.com/watch?v=paw1Jtew2P0
Co-chair Ban’s introductory video on the Global Commission on Adaptation can be found here: https://www.youtube.com/watch?v=px9Z83hycxI
Photo: GCA

BKMC Co-chair Ban Ki-moon, Bill Gates, and World Bank CEO Kristalina Georgieva to head the Global Commission on Adaptation

On September 10th, 2018, Global Center on Adaptation (GCA) announced the inauguration of the Ban Ki-moon Centre’s Co-chair Ban Ki-moon as Chair of the Global Commission on Adaptation, which will take place in The Hague, the Netherlands on October 16th, 2018. Three global leaders, Ban Ki-moon, Bill Gates, and World Bank CEO Kristalina Georgieva will head the commission which will be co-hosted by the GCA and World Resources Institute.

The GCA will gather experts and professionals from various different sectors to discuss solutions to the climate pressures increasing casualties and economic loss around the world, Ban said. “This Global Commission will play a vital role in elevating the political importance of adaptation, and also in making the case that greater resilience is achievable – and that is in all our interests.”

The commission planned to deliver a flagship report at a UN climate summit this month to make the climate change adaptation receive international and political attention it deserves. The commission addresses the need of more necessary funding for the climate adaptation that could help the world keep the pace with reaching global solutions for climate change. In a 2017 report, the Climate Policy Initiative said emissions-reduction activities accounted for an average of 93 percent of climate finance from 2015-2016. Looking only at public sources of funding, adaptation received just 16 percent.

The GCA brings together governments, the private sector, civil society, intergovernmental bodies, and relevant institutions that can address the obstacles slowing down adaptation action. The challenges the center stipulates are:

  • Scaling up ecosystem-based adaptation
  • Integrating climate adaptation into financial decision-making
  • Measuring effective adaptation
  • Creating climate resilient cities
  • Leveraging deltas to address climate change

CEO Patrick Verkooijen of the GCA said his organization would promote “much bolder, bigger approaches.” He emphasized on the importance of sharing expertise and knowledge in the field and having it implemented in correct methods that can be used in every place throughout the world. He mentioned that new technologies and funding options were also needed to meet challenges at the local level.

“That will happen when there is a push to put adaptation on the global agenda equal to other critical issues,” said Verkooijen.

The Global Commission on Adaptation, thus, should be able to include the perspectives of marginalized people living in vulnerable regions affected by natural disaster and to address their issues, including but not limited to lack of fund and expertise to the international community. The commission will roughly consist of 20 commissioners, including some world leaders, and 10 convening countries, which will be unveiled on October 16th, 2018.

Source: https://www.reuters.com/article/us-global-climatechange-adaptation/ban-ki-moon-gates-lend-muscle-to-help-world-weather-climate-change-idUSKCN1LT290

Source: https://gca.org/home