Bloomberg News

UN Details Pledges Worth $513 Billion at Rio+20 Summit

June 22, 2012

Countries and companies have made 692 pledges totalling $513 billion to push efforts to curb the use of fossil fuels, conserve water and encourage wider use of renewable energy, part of a global effort to promote economic growth that doesn’t strain the planet’s resources, the United Nations said today.

The value of the promises was disclosed by Sha Zukang, secretary-general of the UN’s Rio+20 summit on sustainable development in Rio de Janeiro. The June 20-22 conference, the UN’s biggest, drew 45,381 official delegates and thousands more who attended side events and protests around the Brazilian city.

“These voluntary commitments are a major part of the legacy of this conference,” Zukang said. “The numerous commitments bring together key actors united behind the same cause to achieve sustainable development.”

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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