The Euro Crisis Should Distract on Rio+20 Agreement

UN Secretary General, Ban Ki-moon

Much of the world’s attention has been focused on the Euro crisis but this should not be allowed to distract from Rio+20.

Negotiations in the run up to the UN’s sustainable development summit are normally dificult, said UN Secretary General Ban Ki-moon, who is “cautiously optimistic” that an agreement will be reached in Rio de Janeiro later this month.

“This has been a quite difficult negotiating process,” Ban said today. Member states were not able to streamline all the paragraphs in the negotiating text during an extra five-day meeting that concluded on Saturday. “But this is not unusual, multilateral negotiations normally take a long time, it often appears from the outside that no progress is being made until the very last minute of the conference.

Most of the paragraphs have been through extensive discussions and are waiting official approval from heads of state and ministers who will arrive in Rio for the climax of the talks on 20-22 June – 20 years after the original Earth Summit.

The WWF warned that it thinks the talks are facing two outcomes – an agreement so weak it is meaningless, or complete collapse.
“Currently, we are a long way from where we need to be in these negotiations,” said WWF director general Jim Leape. “Heads of state still have a unique opportunity in Rio to set the world on a path to sustainable development – but they need to step up their game dramatically.”

The most recent round of talks in New York split into 19 separate dialogues with internal disagreements on the processes to be followed, according to WWF. “Country positions are still too entrenched and too far apart to provide a meaningful draft agreement for approval by an expected 120 heads of state,” said Leape.

UN member states have identified 26 priority areas, Ban said, such as food security, sustainable energy and water. “It may take time to agree on all 26,” he said, urging countries to come out with their “must haves”. Ban highlighted the need to agree on Sustainable Development Goals, which are a follow-up to the Millennium Development Goals that expire in 2015.

“This is not a treaty negotiation, it’s a political agreement,” Ban said. “For a long time we have tried to consume our way to prosperity … we need to find a new model.”
It is in the world’s interest that Rio+20 has real impact and if the politicians cannot agree hopefully the increasing efforts of businesses across the globe to act in a sustainable manner will help push the process in the long term.

CFI

Recent Posts

David Neeleman: The High-Flyer with ADHD – How a Restless Mind Revolutionised Air Travel

David Neeleman is not a typical airline executive. Founder of five carriers, he pairs relentless…

3 days ago

Blended Finance’s Second Act: The OECD Renews Guidance to Effectively Align Development Goals and Investment Returns

A decade after blended finance entered the global lexicon, the challenges it was meant to…

7 days ago

Europe’s Elite: Navigating the Continent’s Most Business-Friendly Nations

In the shifting currents of global commerce, Europe continues to project innovation, stability and opportunity.…

1 week ago

The Unseen Shift: How Creeping Normality Rewrites Our World

Gradual, barely perceptible shifts can normalise the unacceptable—reshaping everything from corporate decision-making to ecosystems and…

2 weeks ago

LegalOne: Driving Innovation and Financial Inclusion for National Development

LegalOne Global Limited has established itself as a trusted authority in independent ratings and business…

3 weeks ago

More Than a Bank: Banco Azteca as a National Platform for Social Resilience

A financial institution’s value is not proven in moments of calm—it is tested in moments…

4 weeks ago