Chief adviser Professor Dr. Muhammad Yunus said that the world needs a new economic structure to deal with the climate crisis and to build a new civilization that is beneficial to the planet and people.
The chief adviser said these things at the LDC high-level meeting with UN Secretary General Antonio Guterres on Wednesday (November 13). The meeting was held on the sidelines of the COP29 conference in Baku, the capital of Azerbaijan.
The closed-door meeting was attended by the leaders of five major climate-vulnerable least developed countries - Nepal, Malawi, Gambia, Liberia and Bangladesh.
We need a new economic structure that is good for the planet and its people, the chief adviser said. At the same time, he supported the UN-sponsored conference "Summit for the Future" aimed at creating an economic system for the youth of the world.
Prof. Yunus said, 'We have created an economic structure based on consumption, consumption and consumption. It just produces waste, waste and waste. We have to create a world of zero waste.'
Noting that the COP climate conference should not be held every year, the chief adviser said, "We know what the world needs and we should have a long-term plan for that." It should be country wise. We have to make plans for long-term (waste) disposal.”
He said, we don't need to meet here every year. Meeting to discuss every year is time consuming, wasteful and humiliating.
The chief adviser called for a new approach to climate talks, noting that the current approach has failed to meet most of the world's needs.
UN Secretary-General Antonio Guterres has said that the least developed countries face the greatest injustice when it comes to climate change.
He said LDCs need to engage in tough negotiations and develop "serious processes" to secure a bigger fund for climate adaptation and mitigation.