page 1
page 2
page 3
page 4
page 5
page 6
page 7
page 8
page 9
page 10
page 11
page 12
page 13
page 14
page 15
page 16
page 17
page 18
page 19
page 20
page 21
page 22
page 23
page 24
page 25
page 26
page 27
page 28
page 29
page 30
page 31
page 32
page 33
page 34
page 35
page 36
page 37
page 38
page 39
page 40
page 41
page 42
page 43
page 44
page 45
page 46
page 47
page 48
page 49
page 50
page 51
page 52
page 53
page 54
page 55
page 56
page 57
page 58
page 59
page 60
page 61
page 62
page 63
page 64
page 65
page 66
page 67
page 68
page 69
page 70
page 71
page 72
page 73
page 74
page 75
page 76
page 77
page 78
page 79
page 80
page 81
page 82
page 83
page 84
page 85
page 86
page 87
page 88
page 89
page 90
page 91
page 92
page 93
page 94
page 95
page 96
page 97
page 98
page 99
page 100
page 101
page 102
page 103
page 104
page 105
page 106
page 107
page 108
page 109
page 110
page 111
page 112
page 113
page 114
page 115
page 116
page 117
page 118
page 119
page 120
page 121
page 122
page 123
page 124
page 125
page 126
page 127
page 128
page 129
page 130
page 131
page 132

102 Giovanni BisignaniDirector General and CEO, The International Air TransportAssociation (IATA) AVIATION'S CLEAR TARGETS ON CLIMATE CHANGETOURISM104 Dr Taleb RifaiSecretary-General, The United Nations World TourismOrganisation (UNWTO) TOURISM -A LEAD AGENT IN THE TRANSFORMATION TO ALOW-CARBON ECONOMYHEALTH108 Dr Maria NeiraDirector, The Department of Public Health and Environment,The World Health Organization (WHO) HEALTH AND GREEN ECONOMIC DEVELOPMENTSUSTAINABLE WATER 112 Dr Ania GrobickiExecutive Secretary, The Global Water Partnership (GWP)WATER SECURITY REQUIRED FOR FOOD SECURITYGLOBAL VOICES 116 Hu JiantaoPresident, China BROAD VISION, SHARED PROSPERITY120 Jose Manuel BarossoPresident, European CommissionENHANCING GROWTH THROUGH ENERGY AND INNOVATION122 Lord Chris SmithChairman, Environment AgencyACTING TODAY, PREPARING FOR THE FUTURELOOKING TO DURBAN124 Jacob Zuma President, South Africa COP17: SOUTH AFRICA WILL RISE TO THE OCCASION126 Angel GurriaSecretary-General, The Organisation for Economic Co-Operation and Development TO DURBAN AND BEYOND: MOVING THE CLIMATEAGENDA FORWARD THE NEW ECONOMY01198104In Association with Consus SA In Association with Linc Energy Ltd

he past 12 months have seen someprogress in the international negotiationson climate change. However, there stillremains insufficient understanding of theurgency with which the science indicates we should bedealing with this challenge. After the disappointment with the outcome of the 15thsession of the Conference of the Parties to the UnitedNations Framework Convention on Climate Change,COP15, in Copenhagen in December 2009, thesubsequent conference -COP16 in Cancun, Mexico atthe end of 2010 -was constructive both in atmosphereand outcome. However, over the last two years, climate change hasslipped down the agenda in many parts of the richworld. This reflects the understandable refocusing ofattention to the financial and economic crisis and thetargeted yet dishonest assault on the climate science.In the United States, the mid-term elections ofNovember 2010 seemingly put paid to the possibilityof strong federal climate legislation for the near future. Yet the risks from climate change remain ever-present.There is mounting evidence that absorption of carbondioxide in some oceans is falling more so thanpredicted by many models, emissions are growingfaster than we thought, and that the melting of Arcticsea ice and ice sheets and damages to ecosystems arehappening faster than we thought. If the science isright, and we lock into high and rising concentrationsof greenhouse gases, the risks associated with trying toaddress the problem later could be overwhelming. Yet there exists a unique opportunity for action.Climate policies and focusing on the economicrecovery are complements and not substitutes. Bysending a credible signal in the form of clearly-identified market-based policy instruments - involvinglong-term carbon pricing, standards and regulations,together with carefully designed support for technology- governments across the world could unlock privateinvestment in renewable energy, energy efficiency andlow-carbon vehicles on a vast scale. They would do so by utilising the record pool ofavailable private saving rather than drawing on scarcepublic funds. This would unleash sizeablemacroeconomic benefits by boosting private spending,creating jobs and generating tax revenues. The time toFOREWORD012THE NEW ECONOMYNICHOLAS STERN, CHAIR, GRANTHAM RESEARCH INSTITUTE ON CLIMATE CHANGE ANDTHE ENVIRONMENT, LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCEDIMITRI ZENGHELIS, SENIOR VISITING FELLOW, GRANTHAM RESEARCH INSTITUTE ONCLIMATE CHANGE AND THE ENVIRONMENT, LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE; AND SENIOR ECONOMIC ADVISOR, CISCOT