The One Planet Summit: An Opportunity for New Financial Measures for Climate Change

Kaveh Madani attends the summit as Irans Department of Environments representative and the Vice-President of the United Nations Environment Assembly

The One Planet Summit is bringing together the President of France, the President of the World Bank Group, and the UN Secretary-General, among many other leaders – aims to mobilize new announcements of bold projects and substantial financial commitments to combat climate change. The Summit will also showcase successful initiatives that can be scaled up with the right kind of support.

Kaveh Madani,  deputy environment chief for international affairs, innovation and socio-cultural engagement of Iran's Department of Environment (DOE) will attend the summit as Iran's Department of Environment's representative and the Vice-President of the United Nations Environment Assembly.

Many nations have drawn up and are now moving to implement their national climate action plans under the Paris Agreement. Some areas are advancing quickly: new evidence indicates that global growth in renewable energy like wind and solar is doubling every 5.5 years. One hundred and seventy countries have already ratified the Paris Agreement, which came into force in less than a year—a modern record for such a global treaty.

The costs of these technologies are tumbling—in many places wind power is as cheap as coal and solar is fast approaching competitiveness with fossil fuels. Over 40 nations, led by India and recently joined by China, have signed the International Solar Alliance, which aims to generate 1,000 GW of solar power by 2030. Cities, states, regions and territories are supporting climate action under initiatives like the Under2Coalition of sub-national governments. They have pledged to cut emissions by up to 95 per cent by 2050 under an initiative that covers more than 1.3 billion people and $30 trillion in economic output – equivalent to 17 per cent of the global population and nearly 40 per cent of the global economy.

The One Planet Summit today will be an opportunity for government leaders to address the issue of "new financial measures for climate change" with the participation of nongovernmental organizations, local elected officials and representatives of many financial institutions.


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