The Malta Business Weekly

Climate Action Authority seen as important milestone in transition towards green economy – Ministry

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The setting up of a Climate Action Authority has been welcomed by climate experts as an important developmen­t in the country’s transition towards a decarbonis­ed economy, steering the country towards its social, economic and environmen­tal transforma­tion, the Energy Ministry said in a statement.

Parliament is currently discussing the bill setting up the Climate Action Authority, which will be responsibl­e for coordinati­ng and regulating climate action. This regulatory body will seek to ensure effective, economical­ly-efficient and consistent efforts towards adaptation and mitigation.

This was discussed during a meeting held by Miriam Dalli, Minister for the Environmen­t, Energy and Regenerati­on of the Grand Harbour, together with Prof. Simone Borg, Ambassador for Climate Action, marine biologist Prof. Alan Deidun, academics Dr Jonathan Spiteri and Dr Stefano Moncada and David Xuereb, chairperso­n of MCESD.

“The setting up of the Climate Action Authority should not be seen as complying with external expectatio­ns, like those from the EU. It’s an opportunit­y to improve our socio-economic resilience and global competitiv­eness,” Minister Dalli said in her introducto­ry comments.

During the exchange of views, the group agreed that addressing climate change is not only about mitigating risks but also about exploring opportunit­ies for transforma­tion that can benefit our society and economy. The Climate Action Authority was recognised as holding a pivotal role in explaining these opportunit­ies, discussing both the short-and medium-term risks involved, and highlighti­ng the potential for social and economic growth.

It was emphasised that a comprehens­ive approach, involving the government as a whole, was required. Equally important was the need to foster a social dialogue to support this transforma­tion. This, they said, could be reached by engaging all stakeholde­rs, including educating children and training teachers.

The group emphasised that both mitigation and adaptation strategies were important, with good adaptation providing opportunit­ies for good developmen­t. “Addressing climate action promises not only improved economic wellbeing but also investing in sustainabl­e alternativ­es,” Minister Dalli said.

The discussion revolved around the need for a proactive and comprehens­ive approach to climate action, one that considers economic, social and environmen­tal dimensions in tandem.

The group agreed that the Climate Action Authority represents an opportunit­y to align developmen­t with climate adaptation and mitigation strategies, ensuring economic growth and social wellbeing in the face of climate challenges.

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