‘Credit for climate change must grow’

Countries like Colombia they will begin to be impacted in a more intense way in environmental matters than the rich nations, which are the ones that are having the most weight in terms of pollution, Therefore, it is necessary for the multilateral banks to increase financing to mitigate these effects.

This was one of the conclusions of the II Forum on Climate Change and Business, organized by Corficolombiana.

(The conclusions and proposals of the Petro – Biden meeting).

Jeffrey Sachs, economist and Harvard professorsaid that according to reliable sources of the Potthe agreements that in terms of reduction in the increase in world temperature were agreed upon in the environmental summits of the UN.

In this sense, Sachs, a leader in the fight against poverty and the promotion of sustainable economic and social policies, He said that it is necessary to have a clear plan of action to deal with oil derivatives and that it is necessary to get out of these to do it safely and with an agenda.

(Change debt for climate action, Biden – Petro meeting axis).

He affirmed that part of the natural gas that exists in Colombia should be transformed into hydrogen, in accordance with technological protocols that are already defined.

The economist assured that the world must have a different energy system and progress should be made, in the case of Colombia, in a coordination between countries of the South American area to collaborate in this transformation.

(Emas by Veolia is committed to eliminating single-use bags).

He explained that transformation is going from oil, gas and coal, solar energy and that produced by wind and waterWell, the country has them all.

He stressed that a transformation is needed in the way of producing energy with four components: producing electricity “without generating carbon dioxide and where possible trying to capture it”, use electricity more intensely in mobility, create a hydrogen-based economy and make efforts in energy efficiency with more use of appliances that use electricity.

(Clean energies, Petro’s call before U. Stanford).

Finally, that the multilateral banks multiply the resources to finance the efforts against climate change and in this sense he stressed that Latin America has at World Bank, the Inter-American Development Bank and CAF to redouble efforts in the region.

Paula Durán, Director of Sustainability at CorficolombianaHe said that in countries like Colombia there must be a transition, being realistic and equitable.

(Colombia will invest US$150 million to protect the Amazon.)

He assured that the objectives in terms of action against climate change are ultimately the same, but there are different contexts due to the condition of the countries.

He agreed that those most responsible for generating environmental impacts are developed countries, but if there is no change in them it is difficult to achieve the objectives set.

(‘Sustainable cooling’, the commitment to change Styrofoam refrigerators).

In addition, he assured that many times the speeches on the mitigation of environmental effects are not in accordance with the resources to do so.

He said that it is necessary to seek in that just transition that the multilateral banks see these countries to irrigate and advance in that plan.

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