John Kerry says 'money, money, money' is needed most to tackle climate change

The satellite volition yet determination to a low-carbon economy, but it whitethorn beryllium excessively precocious to debar the worst effects of clime change, according to John Kerry.

Speaking astatine the World Economic Forum successful Davos, Switzerland, connected Tuesday morning, the U.S. peculiar statesmanlike envoy for clime issued a stark informing astir the years ahead.

"I'm convinced we volition get to a low-carbon, no-carbon system — we're going to get determination due to the fact that we person to," helium said.

"I americium not convinced we're going to get determination successful clip to bash what the scientists said, which is debar the worst consequences of the crisis," helium added.

"And those worst consequences are going to impact millions of radical each astir the world, [in] Africa and different places. Of the 20 astir affected countries successful the satellite from [the] clime crisis, 17 are successful Africa."

In his remarks, Kerry besides spoke astir the task of keeping the extremity of limiting planetary warming to 1.5 degrees Celsius alive.

"So, however bash we get there? Well, the acquisition I've learned successful the past years and I learned it arsenic caput [of State] and I've learned it since, reinforced successful spades, is: money, money, money, money, money, money, money. And I'm atrocious to accidental that."

The 1.5 degrees extremity is contained wrong 2015′s Paris Agreement, an accord that aims to "limit planetary warming to good beneath 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels."

Cutting human-made c dioxide emissions to net-zero by 2050 is seen arsenic important erstwhile it comes to gathering the 1.5 degrees Celsius target.

Over the past fewer years, galore multinational corporations person announced net-zero pledges.

While specified commitments gully attention, really achieving them is simply a immense task with important fiscal and logistical hurdles. The devil is successful the item and goals tin often beryllium airy connected the latter.

Kerry addressed the taxable successful his speech. "Let's look it, [a] full clump of companies successful the satellite person chosen to say, 'I'm going to beryllium nett zero by 2050'," helium said.

"And you and I, we cognize they don't person a hint however they're going to get there. And astir of them are not connected way to get there."