Rio +20: More than $500 billion pledged by leaders across broad spectrum
Rio de Janeiro - More than $500 billion were pledged by governments, multilateral development banks, the private sector and other groups at the Rio+20 conference, which concluded on Friday.
“Rio+20 has affirmed fundamental principles -- renewed essential commitments – and given us new direction,” said UN Secretary-General Ban Ki-moon in a statement marking the conclusion of the conference.
“Nearly 700 commitments worth hundreds of billions of dollars have been publicly announced. These huge numbers give a sense of the scale and growth of investment going into sustainable development,” added the UN chief.
Commitments received by the Rio+20 Secretariat and the UN Global Compact and the Sustainable Energy for All initiative are all voluntary and demonstrate the growing, collaborative movement for sustainable development.
A staunch supporter of sustainable development and the eradication of poverty, President Dilma Rousseff of Brazil welcomed the Rio +20 outcome document, entitled "The Future We Want", which was adopted by leaders at the end of the summit. “I am convinced that this Conference will have the effect of bringing about sweeping change.”
Commitments made at Rio+20 range from planting 100 million trees by 2017 to greening 10,000 square kilometers of desert to empowering thousands of women entrepreneurs in green economy businesses in Africa. For the full list of all registered commitments, please click here.
“Our job now is to create a critical mass. An irresistible momentum,” said the Secretary-General.
Rio+20 - the short name for the United Nations Conference on Sustainable Development - took place last week in Rio de Janeiro, Brazil, where global leaders gathered to define pathways to a greener, more equitable world.