Government leaders, bankers and corporate CEOs took advantage of the gathering of 50,000 people at Rio+20 — the largest meeting in U.N. history — to announce new partnerships, programs and investments.
U.N. Secretary-General Ban Ki-moon called the $513 billion in commitments “a significant legacy of this conference — billions of dollars’ worth of actions and investments that will have the power to transform lives across the globe.”
To some of those present, the conference presented a new model, a global gathering to inspire government and corporate leaders and others to move ahead and build momentum — rather than waiting for world leaders to reach consensus on a treaty to address climate change or other environmental matters.
“We cannot be boxed in by the orthodoxies of the past,” Secretary of State Hillary Rodham Clinton said in a speech to delegates of more than 190 nations. “We need fresh, agile, action-oriented partnerships that can produce results year after year after year.”
More on this story – U.N. sustainability summit ends with $513 billion in pledges