The fight against climate change involves collective action for global mitigation and adaptation. At the Asian Development Bank Annual Meeting event Raising the Bar on Climate Ambition – Road to COP26, world leaders discussed the key numbers needed to get closer to net-zero greenhouse gas emissions.

Transcript

Action Against Climate Change

Key Figures

100 billion

Sri Mulyani Indrawati

Indonesia Minister of Finance

It is important for COP 26 to stress the important role of climate finance, especially in fulfilling the obligation of developed countries to realize the commitment of [$]100 billion per year by 2020. And set the new collective quantified goal post-2020 from the floor [of] $100 billion per year.

Action Against Climate Change

Key Figures

2030

Aiyaz Sayed-Khaiyum

Attorney General of Fiji

The global estimates for adaptation financing are expected to range from $140 billion to $300 billion per annum by 2030. Fiji alone will require about $4.6 billion by 2030 to adequately ingrain adaptation and resilience into our development agenda. Every country must ensure the NDCs have a 2030 commitment that is consistent with what the science requires of us. This means no backsliding, no shortfalls, and no deferrals.

Action Against Climate Change

Key Figures

75

Masatsugu Asakawa

Asian Development Bank President

Most importantly, we will hold firm on our ambitious climate finance targets, that by 2030, 75% of the total number of ADB’s operations will support either adaptation or mitigation, climate action.

Action Against Climate Change

Key Figures

55

John Kerry

US Special Presidential Envoy for Climate

55% of the world has accepted to take the measures necessary now to get to 1.5 degrees. And the reason this is so urgent, is it's not a matter of trying to corner people or push people to do something that's unreasonable. It's a matter of trying to do what we know is necessary to get the job done.

Action Against Climate Change

Key Figures

1.5

Alok Sharma

COP26 President Designate

We have less than a decade left to keep Paris’s 1.5 degrees target within reach. And that will require us to halve our emissions by 2030. So COP 26 has to be the moment we get the world on track to make the goals of the Paris agreement a reality and to keep that 1.5 alive.

Action Against Climate Change

Key Figures

0

Ignazio Visco

Governor of the Bank of Italy

Arresting climate change requires achieving net zero greenhouse gas emissions at a global scale by mid-century. And it is an urgent task. Acting later can be extremely costly and may turn out to be ineffective. But shifting economic development towards a sustainable path is a difficult process, and all human activities have to facilitate it. A successful transition requires therefore strong global cooperation.

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