The success of the UN Cop 30 summit to address climate change relies heavily on countries understanding that the issue is also inherently economic, Cop 30's executive director Ana Toni said during a climate summit on Tuesday.
"The world needs a structural climate perspective for the economy," Toni said. Nations must integrate climate-related worries in their economic development models as the "cost of inaction is much higher."
Brazil will host Cop 30 in Belem, the capital of northern Para state, in November.
All Brazilian ministries helped create the country's national determined contribution (NDC) — coined Plano Clima — which includes seven mitigation plans and 16 adaptation measures, Toni said. Still, adaptation is a direct consequence of failing to act against climate change in the past and that mitigation is the only one that actually stops global warming, she added.
China's role
China has been very active and consistent about its presence at Cop 30 and is one of the only countries that connects climate change action with economic development, Toni said.
China is set to publish its NDC for 2035 before the summit, she said, and is addressing its role as one of the world's largest greenhouse gases producers.
Toni also said that multilateralism — one of Brazil's flagships for Cop 30 — has stopped being only a climate concern and is now a global and economical concern, especially in light of the US-China trade war.
