Dr. Marc A. Weiss, Chairman and CEO, Global Urban Development, and Chairman, Climate Prosperity Project
The Global Climate Prosperity Agreement — “The One Trillion Dollar Deal” — can become the worldwide game-changer that will demonstrate the positive path forward for human civilization in the 21st century, namely the peaceful transition from the current globally unsustainable economy to an advanced technology-driven and environmentally sustainable industrialized society.
Key national government leaders and private sector investment executives will announce this completely voluntary, market-oriented, public-private investment and development strategy in Copenhagen in December 2009 as part of the United Nations Framework Convention on Climate Change.
Under this win-win solution for the entire world, a consortium of public and private pension funds and other private financing institutions will commit to invest one trillion dollars in the developing countries over the next decade to build a new and modern infrastructure based entirely on renewable energy and clean technologies, including plug-in electric vehicles and a “smart” electric grid.
These investments will be supplemented and enhanced by additional funds, tax incentives, and regulatory policy support from governments, along with funds that will come from international donor agencies, official development assistance, and private philanthropy.
The Global Climate Prosperity Agreement will enable the Millennium Development Goals to be fully accomplished in developing countries by substantially raising living standards and promoting sustainable economic growth and business community development through innovation, efficiency, and conservation in the use and reuse of all natural and human resources. This investment and development strategy will generate significant economic and environmental benefits for developing countries.
At the same time, by improving the global environment and reducing greenhouse gas emissions, the Global Climate Prosperity Agreement will generate significant economic and environmental benefits for developed countries, by enabling them to create jobs and raise incomes through increased production and distribution of renewable energy and clean technologies.
Under Climate Prosperity, economic livelihoods and well-being, quality of life, public health and safety, and peace and security, will improve for billions of people in every place throughout the world. It will revive the global economy from its current market recession, stimulate massive long-term employment and income growth, and protect the economy and environment from resource supply shortages, catastrophic climate change, and other major threats and challenges.
