UN: Private sector needed in developing countries' climate change fight
Date: 10 Mar 2008
The head of the United Nations Development Programme (UNDP) has said that the private sector must be part of the solution to combatting climate change in developing countries.
Kemal Dervis said that whilst state support programmes could be used to help countries to adapt to some of the impacts of climate change, private sector involvement was crucial to help finance long-term solutions.
He said that in the absence of solid measures to mitigate climate change, the impact on developing countries would be much more severe, and would then require more expensive and difficult adaptation measures.
"We must build incentives that if you come up with a technology that does reduce emissions, you profit from it", he said.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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