Ex-UN chief urges green transition to drive growth, boost competitiveness

Ban Ki-moon, former U.N. secretary-general and president of the Global Green Growth Institute, called for a rapid acceleration of the transition to a greener economy during the Global Green Growth Week Summit. In his opening remarks, he emphasized the economic necessity, strategic value, and potential job creation that the green transition offers.

The primary areas of focus, according to Ban, are technological innovation, large-scale capital mobilization, and enhanced international collaboration. He argued that the nations taking swift action today will enjoy a competitive advantage in the future. Ban also stressed the urgent need for substantially increased funding, as developing countries frequently face challenges in implementing viable projects due to a lack of affordable financing and the necessary expertise.