GREEN DAYS TALKS 2021
Building the Economy of Tomorrow:
Climate Ambitions and Green Recovery
3rd September 2021.
As governments race to take bold action to address COVID-19, the world has an unprecedented opportunity to restructure economies that are equitable, resilient, and climate responsive.
The science is clear: countries have a short window of time to take the urgent action necessary to limit average global temperature rise to a safer 1.5 °C. Global warming is already causing long-lasting changes to our climate system and threatens lives and livelihoods around the world. We have a once-in-a-generation opportunity – through the Paris Agreement on Climate Change and Sustainable Development Goals (SDGs) – to ensure a more sustainable, equitable and prosperous future for all.
Tackling the climate crisis requires that all countries make bold pledges under the Paris Agreement to reduce emissions of the greenhouse gases (GHG) that cause global warming. The Climate Promise is our commitment to ensure that any country wishing to increase the ambition of its national climate pledge can do so.
Integrating ambitious climate action for the COVID-19 recovery is one of the key building blocks to build back better economies. Ambitions for climate actions that are aligned to governments’ national development plans and the Sustainable Development Goals (SDGs) can spur economic growth, technology transformation, job creation and address key social inequalities that are critical for recovery. Indeed, a new study by Oxford University shows that recovery packages that seek synergies between economic and climate goals have a better potential for reducing climate risks, increasing national wealth, and enhancing productive human, social, physical and natural capital.
Climate ambitions (through Nationally Determined Contributions – NDC) and green recovery can be mutually reinforcing. Recovery plans can incorporate NDC targets and strategies, while also leveraging NDC enhancement processes, including stakeholder consultations, socio-economic and sectoral assessments, and modelling, to strengthen systems that pave the way for long-term sustainable development.
Montenegro is strongly committed to joining international efforts to combat climate change. Montenegro already reached the commitments set in 2015 and are striving to a more ambitious target. Its revised NDC proposes a 35% GHG emissions decrease until 2030, in comparison to 1990, as a base year.
Do we have a broad consensus on our climate ambitions? Can we still do better? Will Montenegro use the opportunity and link its NDC with green recovery? Will it seize the momentum and build back better trying to incorporate green development into its post-covid economic recovery programs? These are just some of the topics we will explore at this year’s Green Dialogue: Building the Economy of Tomorrow – Using NDCs to Inform Green Recovery.
Green Dialogue is meant for climate practitioners, decision-makers, expert institutions, civil society, but also the general public and everyone who would like to hear more about opportunities to build back better through green recovery.