By opening additional markets to investment and trade, rule of law will help enable a circular economy and fuel job and economic growth for developed, developing and emerging markets.
Axel Weber, the chairman of UBS, said: "Inequality increases not just between developed and developing and emerging countries.
These have to consider development options and needs for the large developing and emerging nations and have to reconcile adaptation, mitigation and sustainable development pathways.
Large amounts of capital are needed for investment in the rapid development of low-carbon energy infrastructure, particularly in developing and emerging economies.
Turnbull said coal was likely to long remain the "largest single part of the global energy mix", which was "a critical ingredient in achieving development goals, alleviating hunger and promoting prosperity, particularly in developing and emerging economies".
There are signs of market saturation in developed markets, while stronger growth has been found in developing and emerging economies.
Developing and emerging economies are growing apace.
For example, many developing and emerging nations do not report support to fossil fuel producers.
In the first group she placed the developing and emerging economies that are the engine of global growth.
The expected rise in global female income over the coming five years will outpace the growth of many developing and emerging countries, such as China.
"Today it is very much based on the Chinese and the developing and emerging markets," says Marie-Chantal, citing India, Indonesia, Singapore, Thailand and Vietnam as growing markets.
