Rae Kwon Chung: carbon neutrality a key condition for economic development
VG5_0948
Rae Kwon Chung, chairman of the Global Energy Prize International Award Committee and member of the Intergovernmental Panel on Climate Change (IPCC), awarded the Nobel Peace Prize In 2007, said achieving carbon neutrality was a key part of ensuring world economic development.

     Rae Kwon Chung was speaking on February 10 at a symposium entitled “The post-Covid era: redefining and redesigning the global economy”.

    He told the gathering that securing carbon-neutral status by 2050 was a requirement in order to ensure the long-term development of the world economy.

    “We have to shift from extreme short-termism…to long-term investment. Climate change, the pandemic Covbid-19, social infrastructure, these are all long-term goals and the world economy…has made all the people and all the economic policy-making focus on short term profit maximising short-term production. This is the paradigm which we were stuck in,” he said.

    “And if we move away from it, resolving the climate crisis issue, the pandemic issue, then we have to shift to a long-term issue, a long-term investment paradigm, a long-term goal. But that cannot happen unless we have a very strong political commitment.”

    Rae Kwon Chung said achieving zero CO2 emissions was far more than a stated aim – this goal must be legally enshrined for the business sector – most importantly, for large-scale industry.

    The symposium was organised by the St. Petersburg State University of Economics (UNECON), the Reinventing Bretton Woods Committee (RBWC), the Hamburg Institute of International Economics and the Jacob A. Frenkel and Mortimer B. Zuckerman institute for Global Economics.

Share:

Share on facebook
Facebook
Share on telegram
Telegram
Share on email
Email
Share on twitter
Twitter
Share on vk
VK
Share on odnoklassniki
OK
Share on reddit
Reddit

Add comments

Your email address will not be published. Required fields are marked *

Archives


February 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728