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The urgent need to raise the finances to meet the funding goals of the Paris Agreement, especially to support action by developing countries, took center stage Monday at the UN Climate Conference (COP23) in Bonn, Germany.
Even though investments towards sustainable development in developing countries have fallen short by nearly $2.5 trillion each year, emerging financial products and encouraging policies illustrate that both public and private sectors are serious about correcting that trend, the United Nations environment arm has said.
Representing over $7 trillion, eleven major financial institutions around the globe have joined forces with the United Nations to promote climate transparency in financial markets, the Organization’s environment wing said today.
With hundreds of millions of people around the globe directly affected by desertification – the degradation of land ecosystems due to unsustainable farming or mining practices, or climate change – United Nations agencies have called for better management of land so that it can provide a place where individuals and communities “can build a future.”
As the international community focuses this week on preserving the health of global oceans and seas, the United Nations agencies on agriculture, environment and trade are committing to the sustainable trade of fisheries.
As migratory tuna species account for 20 per cent of the value of all marine capture fisheries and over eight per cent of all globally traded seafood, the inaugural celebration by the United Nations of World Tuna Day is an important step in recognizing the critical role of tuna to sustainable development, food security, economic opportunity, and livelihoods of people around the world.