The world can win the green race but what happens this decade is vital: WEF panel

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SINGAPORE - Greening the world economy is a trillion-dollar race against climate change that can be won with investment from companies and governments pushing for deeper emissions cuts, but they need

to pick up the pace."Nobody is moving fast enough", Mr John Kerry, the United States Special Presidential Envoy for Climate, told the Accelerating and Scaling Up Climate Innovation session.

The International Energy Agency says half of the emission reductions needed to reach the 2050 climate goal rely on technologies in early development or prototype stages. Accelerating innovation and investments this decade is critical to cutting the costs of these technologies and building green supply chains.

"I think there is a tendency to underestimate the risk of not changing when the world around you is changing," she told the panel, pointing to the firm's goal of achieving net zero emissions by 2040.

 

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