8 February, 2008
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BAN KI-MOON URGES US BUSINESS LEADERS TO SUPPORT ‘GREEN’ ECONOMICS

United Nations Secretary-General Ban Ki-moon has urged hundreds of business leaders gathered in Chicago to help usher in a new era of ‘green economics,’ where addressing the problem of climate change becomes not a cost but an opportunity for growth.

“As businesspeople, you will appreciate the power of markets and innovation to change the world. In this, the UN is your partner,” said Mr. Ban in an address Thursday evening to the Economic Club of Chicago.

He stressed that any solution to climate change should involve shaping the world’s economic future. “We have experienced several great economic transformations: the industrial revolution, the technology revolution, our modern era of globalization. We’re now on the threshold of another – the age of green economics.”

The Secretary-General cited a report by the UN Environment Programme (UNEP) estimating that global investment in zero-greenhouse energy will reach $1.9 trillion by 2020. This can serve as “seed money for a wholesale reconfiguration of global industry,” he said.

“With the right financial incentives and a global framework, we can steer economic growth in a low-carbon direction. This is the bottom-line. Done right, our war against climate change is an economic opportunity, not a cost,” Mr. Ban.

* * *

7 November, 2007
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NEW CLIMATE CHANGE ALLIANCE WILL BENEFIT MILLIONS OF WORLD’S POOR – UN AGENCY

A planned partnership between the European Union and developing countries will help millions of the world’s poorest to tackle the effects of climate change, the head of the leading United Nations agency on weather and climate issues said today.

“Climate change is a global issue, but the world’s least developed and other poor countries are the most vulnerable to the possible effects of climate change,” said Michel Jarraud, Secretary-General of the World Meteorological Organization (WMO).

“Therefore, a partnership with the European Union, like the Global Climate Change Alliance, can indeed be a way forward, since its benefits will also be global,” he told participants at the European Development Days event in Lisbon, Portugal.

Mr. Jarraud welcomed the Initiative to establish a Global Climate Change Alliance between the European Union and poor developing countries most vulnerable to climate change, which was proposed by European Commissioner for Development and Humanitarian Assistance Louis Michel.

Projections show that least developed and vulnerable countries, along with small island developing States, will be the hardest hit by climate change.

“These countries have much fewer resources to prepare accordingly,” Mr Jarraud said. “If their populations must leave their livelihoods behind due to sea level rises or a lack of drinking water for example, millions will be forced to migrate to other regions of the world, including Europe.”

The new initiative can help millions in the developing world respond to the impacts of climate change, such as water shortages and migration.

As part of its mandate, WMO is tasked with helping countries, particularly in the developing world, mitigate and adapt to climate change and prevent related extreme weather events from turning into natural disasters.

* * *

15 October, 2007
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THOUSANDS OF BLOGGERS UNITE TO ISSUE CALL TO SAVE PLANET – UN

Thousands of online voices worldwide will join forces to push for environmental protection to mark the United Nations-backed first-ever Blog Action Day.

More than 12 million readers have viewed the 15,000 blogs – ranging from those promoting gardening such as “gardenrant.com” to sites providing tips for those interested in web businesses such as “entrepreneurs-journey.com” – participating in the event, supported by the UN Environment Programme (UNEP).

By uniting to raise awareness of environmental issues, the global blogging community hopes to reach millions of people and spur debate, the Nairobi-based agency said in a news release.

Topics touched upon by bloggers include the announcement of the Nobel peace prize being awarded to Al Gore and the UN Intergovernmental Panel on Climate Change (IPCC), the safety of household cleaning products, and what people can do to contribute to the effort to reversing climate change.

* * *

24 September, 2007
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GLOBAL LEADERS SHOW WILL FOR CLIMATE CHANGE ‘BREAKTHROUGH’ – SECRETARY-GENERAL

World leaders have demonstrated the political will necessary to make a breakthrough on climate change, Secretary-General Ban Ki-moon said today as he wrapped up the largest-ever meeting of heads of State or government on the issue.

“This has been a groundbreaking, historical event,” he told reporters following the conclusion of the gathering at United Nations Headquarters in New York, which he also characterized as a “sea-change in the response to climate change.”

Mr. Ban convened the event in an effort to forge a coalition to accelerate a global response to climate change and build international momentum for the major summit to be held in Bali, Indonesia, in December.

That meeting seeks to determine future action on mitigation, adaptation, the global carbon market and financing responses to climate change for the period after the expiration of the Kyoto Protocol – the current global framework for reducing greenhouse gas emissions – in 2012.

“Today I heard a clear call from world leaders for a breakthrough on climate change in Bali,” Mr. Ban said in his closing remarks at the day-long event, which drew top officials from over 150 nations, including 80 heads of State or government. “And I now believe we have a major political commitment to achieving that.”

Stressing that a post-Kyoto agreement must be in force by the end of 2012, he called for “comprehensive and inclusive” negotiations to take place in Bali.

“We have come a long way in building understanding and a new consensus this year. More remains to be done, but this event has sent a powerful political signal to the world, and to the Bali conference, that there is the will, and the determination, at the highest level, to break with the past and act decisively.”

Four plenary sessions on the themes of adaptation, mitigation, technology and financing were held simultaneously at the event, entitled “The Future in our Hands: Addressing the Leadership Challenge of Climate Change.”

In summarizing the adaptation session, Mr. Ban said that participants voiced solidarity with the most vulnerable nations – in particular, the so-called small island developing states and least developed countries – to the consequences of climate change. Such nations have contributed least to the state of the planet, and yet are most impacted by it.

Those who attended this session also agreed on the need to reduce disaster risk and bolster community resilience to extreme weather events through planning and capacity-building, he said.

Speakers at the mitigation plenary noted the need for long-term plans of action, with many participants calling for legally binding emission targets.

“There is a broad recognition of the need to tackle the root causes of the problem and reverse its effects through decisive action,” the Secretary-General noted. “The current level of effort will not suffice.”

On technology, Mr. Ban said that many participants pointed out that technological solutions for pushing forward the goals of adaptation and mitigation already exist. “Effective policy frameworks and cooperation mechanisms can greatly accelerate the deployment of these solutions between and within the North and the South,” he said.

Global collaboration must be urgently increased to help developing countries to move towards low carbon and renewable energy, which can in turn spur economic growth, he noted.

Additionally, since fossil fuels will be ongoing sources of energy for the foreseeable future, energy efficiency must be improved and new technologies – such as carbon capture and storage – must be sought out.

Finally, regarding financing, many participants suggested that tackling climate change need not curtail economic development, the Secretary-General said. Developing countries should be provided with resources for investment and for cultivating their ability to identify and implement the necessary policies to promote sustainable growth.

Several speakers called for an enhanced carbon market in developed nations that offers flexibility, allows for a cost-effective transition to low-emissions economies and ultimately provides incentives to developing countries.

Mr. Ban also said that the attendees noted that the UN Framework Convention on Climate Change (UNFCCC) is the only forum to devise solutions to the challenges posed by climate change. “All other processes or initiatives should be compatible with the UNFCCC process and should feed into it, facilitating its successful conclusion.”

Also speaking at the event’s closing, President Susilo Bambang Yudhoyono of Indonesia, which is hosting the upcoming summit, noted that the plenary sessions were “marked by a strong sense of commitment and urgency.”

Regarding the upcoming Bali meeting, Mr. Yudhoyono said “there is a public demand for concrete and bold action. Thus, we are looking forward to their principal outcome: a bold global decisions addressing climate change without significantly jeopardizing development efforts.”

* * *

18 May, 2007
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UN MEETING IN BONN MOVES WORLD CLOSER TO ACTION ON CLIMATE CHANGE

Parties to United Nations-backed agreements on climate change today concluded a preparatory session on stemming the emission of greenhouse gasses and mitigating their effects ahead of a major world conference on the issue in December in Bali, Indonesia.

“This meeting has served to resolve a number of issues ahead of the Bali conference,” Yvo de Boer, Executive Secretary Framework Convention on Climate Change (UNFCCC) at the close of the discussions in Bonn, Germany, which were attended by around 1,800 participants, including the 191 Parties to the Convention and 173 Parties to its Kyoto Protocol, which contains legally binding targets for reducing emissions through 2012.

Topics covered included methods for increasing the transfer of clean technologies, adapting to the inevitable effects of climate change and preventing deforestation, estimated to account for more than 20 per cent of the world’s greenhouse gas emissions.

The conference was also the first opportunity for delegates to react to the report of the Intergovernmental Panel on Climate Change (IPCC), released in early May, which maintained that climate change can be mitigated at relatively low cost with the right policies and incentives.

The current high level of greenhouse gasses in the atmosphere was caused by industrialized countries, said developing countries at the meeting, advocating for their own right growth and poverty alleviation, according to Mr. de Boer.

“This is why the issue of economic incentives to green investments in developing countries is so important,” he said, adding that these would probably involve carbon trading schemes.

“The fact that European, American and Australian business groups here in Bonn have been calling on governments to adopt long-term, legally binding emission reduction targets is as strong signal that they feel the carbon market will be an important part of any 2012 agreement, “ said Mr. Boer.

The talks will resume in Vienna this August.

* * *

07 May,  2007
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AMID GROWING CONCERN ABOUT CLIMATE CHANGE, BAN KI-MOON URGES PREVENTIVE ACTION

Amid growing global concern about climate change, United Nations Secretary-General Ban Ki-moon today urged experts meeting in Geneva to address the need for warning systems to mitigate the damage from extreme weather.

“At no other time in history have there been so many expectations from the sciences of meteorology and hydrology,” Mr. Ban said in a message to the 15th World Meteorological Congress meeting in Geneva.

“I urge you to continue your efforts to promote enhanced applications of science and technology, including the use of climate and weather information, and to improve predictions and early warnings on impending weather and climate hazards,” he said.

Mr. Ban said the session, which “takes place at a time of unprecedented public awareness of the importance of weather, climate and water and their relation to sustainable development.” He praised the World Meteorological Organization (WMO) for its work in promoting sustainable development and for its “important role in promoting scientific understanding of the global climate at a time when climate change is rising on the international agenda.”

The WMO is a UN specialized agency dealing with the state and behaviour of the Earth's atmosphere, its interaction with the oceans, the climate it produces and the resulting distribution of water resources.

* * *

13 April, 2007
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UN’S ENVIRONMENTAL TELEVISION PRODUCTS TO BE SHOWCASED AT INDUSTRY CONFERENCE

The United Nations audiovisual family will offer ‘green’ stories and projects to major international broadcasters as they join MIPTV (Marché international des programmes de television), the leading international television programming marketplace, next week in Cannes, France.

“We invite TV broadcasters to discover the wealth of material and media services which exists within the United Nations system that they can use to produce a variety of formats from the small screen to mobile devices,” said Caroline Petit of the UN Department of Public Information (DPI), who will be attending MIPTV along with representatives of several other UN agencies.

Through its award-winning series “UN in Action,” UN Television has produced short documentaries on numerous environmental subjects, including stories on the future of the Aral Sea, the prevention of natural disasters in Kazakhstan, and cleaning up radioactive waste in Serbia.

“21st Century,” a newly launched 26-minute monthly magazine, combines narrative storytelling and news reporting from around the world, while DPI also furnishes stories from field missions through its UNifeed satellite transmission.

Among the UN system’s many new green projects to be featured is “So You Think You Know About... Climate Change,” a documentary series produced by the UN Environment Programme (UNEP) and the award-winning United Kingdom-based back2back productions in association with BBC World.

“Bling: A Planet Rock” is a 90-minute documentary produced by VH1 Rock Docs, Article 19 Films and the UN Development Programme (UNDP). Featuring hip-hop artists from the United States and Sierra Leone, it spotlights millions of diamond diggers to help disadvantaged communities and promote conscious consumerism, encouraging the purchase of ‘clean’ diamonds through the power and influence of popular music.

Also providing products will be the UN Educational, Scientific and Cultural Organization (UNESCO), UN Population Fund (UNFPA), UN Children’s Fund (UNICEF), World Bank and the Millennium Campaign.

* * *

10 April, 2007
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WORLD HERITAGE LIST SITES AT SERIOUS RISK FROM CLIMATE CHANGE, WARNS UN REPORT

Some of the world’s most renowned natural and cultural sites, from the Great Barrier Reef to Kilimanjaro National Park to the city of Venice, are at serious threat from climate change, according to a report released today by the United Nations Educational, Scientific and Cultural Organization (UNESCO).

Rising sea levels, melting glaciers, increased risks of flooding and reduced marine and land biodiversity could all have potentially disastrous effects on the 830 sites inscribed on the UNESCO World Heritage List, the report said.

UNESCO Director-General Koïchiro Matsuura called for “an integrated approach to issues of environmental preservation and sustainable development,” warning that climate change will constitute an enormous challenge over the next century.

The report, which featured 26 case studies, focused on five areas: glaciers, marine biodiversity, terrestrial biodiversity, archaeological sites, and historic cities and settlements.

One of the at-risk sites is the Great Barrier Reef, off the north-eastern coast of Australia. The report found that rising sea temperatures and increasing oceanic acidification mean that corals are more and more likely to bleach and turn white, jeopardizing the numerous fish species which rely on the reef.

The Italian city of Venice and its surrounding lagoon face the threat of more frequent flooding because of rising sea levels, the report noted, while rising water levels could endanger the historic areas of many other famous cities, including London and Prague. The decorative surfaces of many of the buildings in these cities are considered to be at particular risk.

In Tanzania, the rapidly diminishing glaciers on Mount Kilimanjaro, Africa’s highest peak, could lead to the complete disappearance of its ice fields within the next 15 years.

* * *

3rd April, 2007
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EL NIñO AT AN END AND REVERSE LA NIñA WEATHER PATTERN POSSIBLE – UN AGENCY

The most recent El Niño, the periodic weather pattern that can have repercussions around the world from torrential rains and floods in the Americas and Africa to droughts and brush fires in Australia and Asia, has now ended and a transition to its mirror image, La Niña, is a substantial possibility, according to the latest United Nations forecast.

Both phenomena refer to large-scale changes in sea-surface temperature across the central and eastern tropical Pacific, with a warm pool located in the central and western Pacific expanding to cover the tropics during El Niño but shrinking to the west during La Niña. Thus La Niña (or cold episodes) produces the opposite climate variations from El Niño.

For example, parts of Australia and Indonesia are prone to drought during El Niño but are typically wetter than normal during La Niña.

“The observed rate of cooling has been more rapid than most models predicted,” the UN World Meteorological Organization (WMO) said in its latest update. “Currently, several, but not all, models indicate the likelihood of an emerging La Niña over the next several months.”

WMO cautioned that forecasts made at this time of year “notoriously lack skill” and the March-May period is often referred to as the “spring barrier” in the predictability of El Niño and La Niña, but there are indications that cooler than normal waters may prevail over the next several weeks in the central and eastern Equatorial Pacific such that a La Niña event becomes established. In such an event, given the timing in the year, the phenomenon would likely persist for much of the remainder of the year.

Experts have noted the presence of a substantial pool of cooler than normal water just beneath the surface of the central and eastern Equatorial Pacific and this is expected to reinforce, over the next few weeks, the already cooler than normal waters at the surface.

“The system at this time of the year is finely balanced and can be quite easily deflected from an apparent track, but the pre-requisite conditions appear to be in place for the development of a La Niña event,” WMO said. “The next 2-3 months will be crucial for determining whether neutral conditions continue, or a La Niña event does indeed transpire.”

El Niño conditions, which in December were forecast as likely to persist until at least March, dissipated rapidly during January and February. Prior to that climate patterns over several months displayed many characteristics usually associated with El Niño, including drier than normal conditions across many parts of Australia, Indonesia and Fiji, unusually heavy rains and flooding across parts of eastern Africa, and extended dry spells across many south-western parts of southern Africa.

* * *

2nd April, 2007
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UN-BACKED CARBON TRADING PLAN TO REDUCE GREENHOUSE EMISSIONS ON TRACK FOR COMPLETION

An essential tool in efforts to reduce global warming gas emissions is on track for completion with testing in the coming months of a mechanism allowing countries that cut emissions below their targets to sell surplus allowances to others that have deficits, the United Nations body overseeing the project announced today.

The International Transaction Log (ITL) allows industrialized countries that have signed up to the Kyoto Protocol, which seeks to curb global warming, to link their national registries to the central hub of a settlement system that will deliver traded allowances from sellers to buyers.

The Protocol requires 35 industrialized countries to reduce greenhouse gas emissions below levels specified for each of them, amounting overall to reductions of at least 5 per cent below 1990 levels between 2008 and 2012.

In addition to the implementation of climate-friendly policies at home, the 1997 Protocol allows industrialized countries to meet their emission targets through trading emission allowances on a newly-created carbon market. Companies investing in climate friendly projects can obtain additional carbon credits for every tonne of emissions saved through Kyoto’s project-based mechanisms (Clean Development Mechanism and Joint Implementation). These can then be freely traded on the carbon market.

The registries of Japan and New Zealand have already linked their test environments to the ITL and have successfully conducted trial transactions.

Registry administrators, gathered in Bonn, Germany, on 29 and 30 March at the invitation of the secretariat of the UN Framework Convention on Climate Change (UNFCCC), were given a live demonstration of registries using their high security links to the ITL to conduct transactions.

“The secretariat is now undertaking final testing with a number of registries to verify that the ITL meets both the policy objectives and rules of the Kyoto Protocol and the expected demands of carbon market trading,” UNFCCC Executive Secretary Yvo de Boer said. “European registry developers are next in line and have begun linking in their test systems.”

ITL will become fully functional once national registries have successfully established operational links. All registries must pass an official set of tests to ensure they meet the necessary standards before they commence operation. “National registries are at various stages of readiness, with some of them scheduled to begin official testing of their systems against the ITL in late April and May this year,” Mr. de Boer added.

Some registries have been concerned about raising their security levels to the standards required to join the ITL. “With billions of euros at stake on the carbon market, it is critical that registry security is on a par with systems in equivalent markets,” he said.

The fact that individual countries join the ITL later does not prevent the ITL from becoming operational. European registries are currently working together under the European trading scheme and will join the ITL en masse later this year, according to the UNFCCC. Most registries belonging to Kyoto Parties within the European Union are expected to begin testing against the ITL from May onwards.

“Despite what some market rumours would say, it is well within European abilities to link to the ITL well before the critical date of 1 December 2007 to meet delivery of CDM future contracts,” Mr. de Boer said.

* * *

06 March, 2007
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UN ENVIRONMENT CHIEF HAILS PUSH FOR PROTECTION OF OZONE LAYER TO COMBAT CLIMATE CHANGE

The head of the United Nations Environment Programme (UNEP) has applauded the findings of a new study that calls for a “parallel push” to fight climate change and also to decrease chemicals harming the ozone layer which shields the Earth from harmful ultraviolet light.

“I believe the study,” released yesterday, “underscores the simple fact that well-devised action to address one area of environmental concern can have multiple environmental benefits across numerous others,” said UNEP’s Executive Director Achim Steiner.

The Montreal Protocol on Substances that Deplete the Ozone Layer, now entering its 20th year, is one of the most successful environmental agreements to date. It has succeeded in phasing out ozone depleting chemicals (ODS) in developed countries, led to the closure of many plants producing ODS and discouraged the creation of industries that use them.

“The climate dimension of the Montreal Protocol is a story that is not widely known, but one that deserves more consideration by the communities involved in ozone and climate protection,” he said.

This study, by scientists from the Netherlands and the United States, is the first to calculate in detail how the phasing out and reduction of chemicals such as chlorofluorocarbons (CFCs) assist in protecting the climate. CFCs were once very commonly used in products such as refrigerators, but contributed to the depletion of the ozone layer.

In a related development, Mr. Steiner also lauded yesterday’s launch of a report on managing Brazil’s water resources, a collaborative effort combining the work of the Government, UN agencies and Brazilian institutions and specialists.

Welcoming the Global Environment Outlook (GEO) on Water Resources in Brazil report, Mr. Steiner noted that the “inclusiveness” involved in producing the study is “mirrored in Brazil’s evolving water management initiatives such as those on river basins, where the Federal and state level to the private sector and non- governmental organizations are represented.”

* * *

29 January, 2007
======================

MELTING OF MOUNTAIN GLACIERS ACCELERATING, ACCORDING TO NEW UN-BACKED REPORT

Mountain glaciers around the world melted from 2000 to 2005 at 1.6 times the average loss rate of the 1990s and three times that of the 1980s, with much of the accelerated change attributable to human-induced climate change, according to tentative figures in a new United Nations-backed report released today.

“This is the most authoritative, comprehensive and up-to-date information on glaciers world-wide and as such underlines the rapid changes occurring on the planet as a result of climate change,” UN Environment Programme (UNEP) Executive Director Achim Steiner said, noting their importance as sources for many rivers upon which people depend for drinking water, agriculture and industrial purposes.

“The findings confirm the science of human-induced climate change, confirmation that will be further underlined when the Intergovernmental Panel on Climate Change unveil their next report on 2 February. These findings should strengthen the resolve of governments to act now to reduce greenhouse gas emissions and put in place the medium to longer term strategies necessary to avert dangerous climate change,” he added.

According to the figures, the 2000-2005 period saw an average thickness loss for a set of reference glaciers of 0.6 metre water equivalent, confirming the trend in accelerated ice loss during the past two and a half decades and bringing the average reduction since 1980 of the 30 reference glaciers of nine mountain ranges to about 9.6-metres water equivalent. On average, one metre water equivalent corresponds to 1.1 metre ice thickness.

The results come from glacier mass balance measurements collected by scientists all over the world and published by the World Glacier Monitoring Service (WGMS) in Zurich, Switzerland. The WGMS collects standardized glacier data which are considered to be among the best natural indicators of climate change.

Scientific measurements relate to the so-called ‘net mass balance’ of glaciers, which can be seen as their overall ice thickness change. The long-term monitoring of glacier mass balance produces one of the most essential variables required for the regular assessment reports on global climate monitoring. As such, the glacier mass balance data are an important contribution to UNEP’s Global Environment Outlook (GEO) report.

The preliminary data on glacier change for the year 2005 from 80 glaciers was reported to the WGMS from the majority of the glaciated mountain ranges of the world. Of these, 30 glaciers have continuous mass balance measurement series since 1980.

Comprehensive data for the year 2006 are not yet available, but as it was one of the warmest years in many years in many parts of the world, it is expected that the downward trend will continue.

“Today, the glacier surface is much smaller than in the 1980s, this means that the climatic forcing has continued since then,” Michael Zemp, a glaciologist and research associate at the WGMS said. “The recent increase in rates of ice loss over reducing glacier surface areas leaves no doubt about the accelerated change in climatic conditions.”

* * *

14 November, 2006
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OFFICIALS REPORT PROGRESS IN TALKS AT UN CLIMATE CHANGE CONFERENCE

Progress has been made on a number of issues at a United Nations conference in Nairobi aimed at forging responses to global warming, including efforts to promote projects in developing countries that will help people adapt to threats posed by the phenomenon, the head of the United Nations Framework Convention on Climate Change (UNFCCC) said today.

Agreement was reached today on an Adaptation Fund for these projects, according to UNFCCC Executive Secretary Yvo de Boer, and agreement is likely on a five-year workplan on adaptation. Countries have also reached an agreement to promote technology transfer to developing countries.

“The Adaptation Fund is crucial to developing countries,” Mr. de Boer said, “because it allows them to really begin working on activities to adapt to climate change. This is a very encouraging step forward, especially for developing countries.”

The Adaptation Fund, Mr. de Boer said, will receive a share of the proceeds from the Clean Development Mechanism as well as voluntary contributions.
“The number of projects that are launched under the Clean Development Mechanism will determine how much is going into the Fund.”

The Clean Development Mechanism allows industrialized countries that are members of the Kyoto Protocol to invest in sustainable development projects in developing countries.

Mr. de Boer said there were still a number of unresolved issues at the conference that will be left for the ministers that will be attending the high-level part of the meeting that starts tomorrow.

Kenyan President Mwai Kibaki, President of the Swiss Confederation Moritz Leuenberger and UN Secretary-General Kofi Annan will address the more than 100 ministers who are expected to attend.

One issue that remains unresolved concerns commitments by industrialized countries for the period after the 2012 expiration of the Kyoto Protocol, which contains binding targets for emissions. While an agreement on the issue is not expected at the Nairobi conference, countries will need to resolve a plan on how they will address the matter so that there is no gap between Kyoto and the commitment period.

Mr. de Boer has said that from the Kyoto experience, in takes two years to negotiate a pact and two years for ratification, so that talks on a new set of commitments should begin in 2007 or 2008 at the latest.

* * *

27 September, 2006
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UN ENVIRONMENT HEAD CALLS FOR BETTER BALANCE BETWEEN TRADE AND NATURAL RESOURCES

Better balance is needed between liberalizing trade and protecting natural resources, the head of the United Nations environment agency has said, warning that such “natural capital” is being exhausted at an alarming rate and calling for “intelligent” globalization that guarantees sustainability for future generations.

“Money may make the world go round. But we know what makes a significant amount of that money is natural capital – the goods and services provided by nature. We also know… that a great deal of this capital is being run down,” Achim Steiner, Under-Secretary General and Executive Director of the UN Environment Programme (UNEP) told the World Trade Organization (WTO) yesterday.

“It is clear that a better balance is needed that capitalizes on the benefits of trade liberalization with the absolute necessity of maintaining and re-investing in the global natural resource base… what we really need is ‘intelligent’ rather than benevolent globalisation – one that produces sustainable markets through sustainable trade.”

He acknowledged that the challenges of making international trade work sustainably for everyone is a key goal of the WTO, as well as for UNEP, while also emphasizing that environmental policy, far from being a brake on trade, is “emerging as a powerful new force generating new kinds of trading opportunities.”

Citing various examples of environmental agreements, including the Kyoto Protocol on Climate Change, he said that these were expanding the notion of trade as a powerful force for sustainable development, pointing out for example that the Kyoto agreement has triggered new flows of funds from developing to developed countries.

“Poverty is not only a challenge to the environment and sustainable development; it is an obstacle to trade. So environmental treaties like Kyoto can, by bringing development and wealth to the poor, create billions of new consumers on con