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Part of the reason for the change is that the COVID-19 pandemic has served as a wake-up call regarding the potential risks we face. Political, business, and civil-society leaders are now taking seriously the threat of a future “green swan” event that could trigger another systemic or global crisis.
Moreover, a growing number of governments have come to realize that pursuing carbon-neutral goals also will drive economic growth and deliver a higher quality of life for their citizens. Whereas simply restricting emissions through regulation once would have created a strong economic headwind, the global shift toward carbon neutrality has changed the economic calculus. New consumption and production patterns are creating new markets with far-reaching growth potential.
Speech by Minister for Finance, Paschal Donohoe T.D., to the Dublin Climate Dialogues
Thank you for inviting me to speak at this very important and timely event.
The upheavals of the past year have most certainly given a renewed impetus to tackling climate change.
In particular, the response to COVID-19 has illustrated our ability to take urgent and decisive action, at international, national and regional level.
Indeed, the Covid response has exemplified the critically important role multilateralism has to play in effectively addressing existential challenges.
The pandemic has also given an additional impetus to the importance of sustainable living because the necessary public health restrictions have meant that many people are working from home and spending far more time in their localities and relying on active travel, such as walking and cycling.
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LACCW 2021: Building the Economy of Tomorrow, using NDCs to Inform Green Recovery National actions and economy-wide approaches. Discussion on ambitious action in key sectors and how these actions can integrate in national planning and economic packages to enable COVID-19 recovery and support the Paris Agreement virtual, República Dominicana - 11 mayo 2021
Descripción
As governments take urgent action to address COVID- 19 and its related impacts, the process offers an unprecedented opportunity to accelerate transition to green and resilient economies that keeps warming below 1.5oC, while also advancing the goal of more equitable and inclusive societies. No doubt that COVID-19 also adds complexities to the fight against climate change, increasing structural inequalities and vulnerabilities of societies that are not fully prepared to address global crises. At the same time, a response to the pandemic through large-scale investments to jumpstart economies
LACCW 2021: Building the Economy of Tomorrow, using NDCs to Inform Green Recovery National actions and economy-wide approaches. Discussion on ambitious action in key sectors and how these actions can integrate in national planning and economic packages to enable COVID-19 recovery and support the Paris Agreement virtual, Dominican Republic - 11 May 2021
Description
As governments take urgent action to address COVID- 19 and its related impacts, the process offers an unprecedented opportunity to accelerate transition to green and resilient economies that keeps warming below 1.5oC, while also advancing the goal of more equitable and inclusive societies. No doubt that COVID-19 also adds complexities to the fight against climate change, increasing structural inequalities and vulnerabilities of societies that are not fully prepared to address global crises. At the same time, a response to the pandemic through large-scale investments to jumpstart economies can provide an opportunity to