G-20 News

António Guterres calls on the G20 to dismantle infra-coal

New Delhi: Stating that global well-being is at risk largely because humans have failed to deliver on their environmental promises, UN Secretary-General Antonio Guterres on Thursday called on G20 governments to dismantling coal infrastructure and also gave full year time frames for phasing out. .

“I call on G20 governments to dismantle coal infrastructure with complete phase-out by 2030 for OECD countries and 2040 for all others. And I call on all financial actors to abandon fuel financing fossil fuels and investing in renewable energy,” Guterres said in his remarks at the opening of the historic Stockholm+50 international meeting being held to commemorate the first conference on the human environment in 1972 held in Stockholm. same. .

António Guterres also said that renewable energy technologies should be considered a global public good and that the necessary raw materials should be accessible to everyone.

“We need to intensify and diversify supply chains; reform bureaucracies to bring clarity to investors; accelerate permits for renewable energy projects and accelerate grid modernization and shift fossil fuel subsidies to support vulnerable people and advance renewable energy,” he said.

Suggesting tripling investment in renewables to at least $4 trillion a year, the Secretary-General said: “On top of that, we need to rapidly and dramatically improve energy efficiency. We must reduce deforestation and promote greater forest cover by 2030. We must dramatically increase efforts to restore coastal ecosystems and at least 1 billion hectares of degraded land over the next decade.

The UN chief also said the world must also triple its investment in nature-based solutions.

“If we do these things, we can avert a climate catastrophe, end a growing humanitarian and inequality crisis, and promote inclusive and sustainable development,” he said.

Earlier, he began by warning that “Earth’s natural systems cannot meet our demands” because “we are consuming at the rate of 1.7 planets per year. If global consumption were at the level of the richest countries in the world, we would need more than three planet Earths.

The Secretary-General also warned that humanity faces a triple planetary crisis: a climate emergency that is killing and displacing more people every year; ecosystem degradation that is accelerating biodiversity loss and compromising the well-being of more than three billion people, and a growing wave of pollution and waste that is costing some 9 million lives a year.

“We must change course – now – and end our senseless and suicidal war on nature. We know what to do. And, increasingly, we have the tools to do so. But we still lack leadership and cooperation,” he lamented.