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Bloomberg to mobilise climate finance for UN
New York, Sep 26 (IANS) United Nations Secretary-General António Guterres on Wednesday tapped UN Special Envoy for Climate Action and philanthropist Michael R. Bloomberg to lead an initiative that will support a global mobilisation of private capital in response to the challenge of climate change.
An announcement was made during the 73rd UN General Assembly session here.
The Climate Finance Leadership Initiative will work to fulfill the private financing objectives included in the landmark 2015 Paris Climate Change Agreement, which reaffirmed the goal of mobilizing at least $100 billion per year by 2020 through a combination of public development finance and private foreign direct investment.
“Mobilising resources from the public and private sectors is critical to tackling the issue of climate change,” said Secretary-General Guterres.
“In this year of action leading up to my climate summit, Mike Bloomberg, my Special Envoy for Climate Action, has agreed to convene private sector leaders through this initiative and work closely with leading governments to help ensure we can meet the objectives of the Paris Agreement.”
Finance is critical to achieving the nationally determined goals laid out by governments under the Paris Agreement, and to enabling the enhanced ambition of cities, states and regions to contribute to such goals.
The Climate Finance Leadership Initiative will draw members from top international financial firms and corporations to catalyse scaled-up investments in clean energy and climate resilience projects around the world, in both developed and emerging markets.
The initiative will have a one-year term culminating in a UN Climate Summit to be held in September 2019.
Founding members will be announced before the end of the year.
“The market’s allocation of capital is a powerful weapon in our fight against climate change. As climate risks and opportunities become more transparent, investors and businesses are increasing financing for climate solutions,” said Bloomberg.
“I’m glad to help the Secretary-General accelerate this critical transition over the coming year.”
Earlier in the day, Secretary-General Guterres invited President of France Emmanuel Macron, along with Jamaican Prime Minister Andrew Holness, to lead on the issue of scaling up climate finance over the coming year.
The Climate Finance Leadership Initiative will work closely with the government of France in supporting its presidency of the G7 in 2019, and will provide a first report to G7 Finance Ministers by July 2019.
“Thanks to international initiatives such as the One Planet summits in 2017 and 2018, and the close cooperation with UN Special Envoy for climate action Michael Bloomberg, we are seeing for the first time since the Paris Agreement an extraordinary dynamic between the public and the private sectors, the scientific community and the finance leaders, CEOs and NGOs, catalysed and galvanised around a single solutions-oriented climate agenda,” said President Macron.
“We must accelerate again our efforts in the months to come,” he said.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
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