Professor Lord Nicholas Stern cautiously optimistic about a deal in Paris

Reading time: 6 minutes
4 December 2015

The Bottom Line newspaper interviews Professor Lord Nicholas Stern at COP21 in Paris to get his views on the developed-developing country finance issue and the likelihood of getting a robust climate deal by the end of next week.

  • How can cities lead the way in tackling climate change?

Cities can lead the way by having clear long-term plans for growth and development to become both low-carbon and more climate-resilient. Better urban planning, with more public transport, could reduce congestion and pollution making cities more productive places to work and nicer places to live, thus attracting and retaining talent.

  • How important is it that developed countries meet their $100bn/yr climate finance pledge to poorer nations?

Honouring the pledges made in Copenhagen and Cancún to mobilize US$100 billion per year in public and private climate finance for poorer countries remains a key test of the commitment by rich countries to international climate policy. There is some evidence that rich countries are scaling up their financial support.

  • How hopeful are you that an ambitious global deal can be agreed in Paris?

I am cautiously optimistic that a productive agreement will result from the Paris summit. The intended nationally determined contributions submitted by 180 countries, and the presence of more than 150 heads of states and governments already constitute success.

  • What can business do to support an ambitious deal?

Businesses should demonstrate to policy-makers and the public what efforts they are making to reduce their emissions and to make themselves more resilient to those impacts of climate change that cannot now be avoided. They must also highlight the importance of clear and consistent policy-making to build confidence among investors.

NEWS FROM COP21

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