Earth Day Communiqué calls for Climate-smart Finance & City Leadership to Reduce Risk & Build Peace

Earth Day Climate Communiqué issued by Nobel Peace Prize Forum Climate Leaders

OSLO, Norway—A group of global climate leaders issued a Joint Communiqué on Earth Day, calling for urgent action in the areas of climate, peace and security, climate-smart finance and climate-smart cities.

Leaders at a Nobel Peace Prize Forum high-level climate congress said that political will, driven by radical integrity, creative, inclusive collaboration and no excuses, is urgently required to reach net-zero greenhouse gas emissions by 2050.

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The Nobel Peace Prize Forum in Oslo included a Climate Leaders Congress, held at the Norwegian Nobel Institute, which focused on climate peace and security challenges, climate-smart finance and investment, and the role of cities in achieving the Paris Agreement goals.

Among its recommendations for immediate action, the Joint Communiqué calls for the United Nations Security Council to consider formally recognizing climate change as a threat to international peace and security by adopting a Security Council resolution on climate change. It also calls for the appointment of a special representative on climate change and security, along with efforts to systematically address climate-related challenges within mediation efforts, exploring how parties can come together around climate adaptation and the use of preventive diplomacy when climate change risks undermine stability.

The joint communiqué calls on the international financial sector to work toward a more efficient allocation of capital to support the transition to a low-carbon economy, and a more accurate pricing of social considerations and climate risk in investment and financing decisions. It also encourages the international financial sector to set and publish ambitious Paris-compatible, net-zero targets for enhanced transparency relating to climate risk and resilience, for decarbonization of portfolios, and a transition to climate-smart returns on investment.

It calls on all cities, including those currently leading the integration of climate-smart practices, to join networks of cities committed to ambitious climate action, to not only to share learning, but to also set targets, develop and approve climate action plans, and to disclose progress via public reporting platforms that feed into the UNFCCC’s NAZCA Platform.

The contributors have worked together to shape a document that is more than a statement of purpose. It is a plan of action and advocacy, which will be taken forward by its supporting climate leaders, through follow-up working sessions and the implementation of solutions, and by others who are encouraged to join the efforts.

CONTACT: Gina Torry, Senior Advisor, Norwegian Nobel Global Programmes — ginatorry@icdpb.org

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