The first Earth Summit took place twenty years ago in Rio. The global community created this summit because they wanted a more equitable and sustainable model for the course of human development. These days, sustainable progress has been made and the world has changed a lot. The RIO+20 summit will have different challenges than last year. They need to think about the changing global landscape, the international economic crisis, rising population levels, global resources and the still unacceptable level of poverty in the world. So there is a great responsibility on the community of state to make new strategies on this RIO+2O summit and search for more inclusiveness and sustainability.
The irresponsible behavior of the financial sector, lax regulatory oversight and deep-seated imbalances were the causes of today’s economic crisis. These deep-seated imbalances need to be corrected if we want a more sustainable growth for the world. And it’s not just the global economic imbalances but also the imbalances in the ecological footprints. And although, in the 20th century, the quality of life rose very much, this came at the price of unsustainable use of scarce global resources like fuel, metals, minerals, timber, water and ecosystems.
A Challenge in the world of today is to work together, especially when you realize that by 2050, the world population will have reached 9 billion. If we don’t work together and think about how to best use our precious resources, we will need two planets to sustain us. It’s up to the RIO Summit to take the discussions about stable economies and increased growth, discussed at the G20 Summit in Mexico, and include an inclusive and sustainable path to reach these goals.
The EU really wants a concrete Rio agenda so they can discuss all their goals and targets for key areas that underpin a green economy. They want to talk about water, the oceans, land, ecosystems, forests, sustainable energy and resource efficiency. And the goals they have are all linked to sustainable growth, poverty, social development, food security and nutrition. But the EU won’t be able to make their case at Rio if they don’t get the support, engagement and mobilization of both the public and private sector. So it’s up to RIO+20 to strengthen engagement of the private and civil sector, because these are the real engines behind our economies in sustainable development.
The Millennium Development Goals make that the EU remains committed to achieve their goals. And they are also ready to engage in a discussion on Sustainable Development Goals suggested by some G77 countries. An example of their commitment to global sustainability is the EU Sustainable Energy for All Summit that was organized, in coordination with the UN, in Brussels on April 16 of this year. A new EU Energizing Development initiative was announced. This initiative should provide sustainable energy services to 500 million people by 2030. And the European Commission is currently also establishing a technical assistance facility to provide governments with the expertise to engage in reforms and to develop their own National Energy Access Strategies. The EU wants to mobilize at least 400 million euros over the next two years to go into these two strategies.
Because we are in an economical crisis, we need to find innovative ways of developing financial assistance. A valuable resource to fund development could be a global Financial Transaction Tax. This could also ensure that it’s not just the financial sector that needs to pay a contribution to the economy. So the revenue generated by a European Financial Transaction tax should be put into the future EU budget to help ensure that the EU continues to be one of the world’s biggest providers of development assistance.