by Ryan Molloy
During a press conference in New York last Thursday, the president of the United Nations (Antonio Guterres) delivered strong words about what this nation’s biggest threat is. Many were expecting answers similar to nuclear attacks, civil war, etc. Although Guterres stated his belief that the biggest threat to humanity is climate change, Guterres then mentioned that the economic cost of climate related disaster has hit a staggering $320 billion. He expresses concern of how many more “alarm bells” need to go off before the issue is taken as seriously as it should be.
Focusing on emissions, Guterres is holding a United Nations Summit on Climate change next year, specifically targeting government leaders to strengthen their pledges that they have made to curb emissions under the Paris agreement before 2020. Although Trump has announced the United States’ departure from the Paris agreement, it does not end until 2020. With that being said, not only do government leaders need to do their part but business leaders and powerful investors also play crucial roles as well. Guterres believes that all around the world the role of government is becoming less and less relevant and the role of the economy and society is playing a larger role. American businesses and society has done a great job in enforcing the Paris Agreement. Unlike American businesses, the government is doing the exact opposite and completely withdrawing from the agreement. Guterres still holds out hope that he can get the Trump administration to stay with the Paris Agreement.