07 October 2020

UNSG António Guterres calls for PDBs to boost funding for renewables ahead of the Finance in Common Summit

antonio guterres

BARCELONA (Thomson Reuters Foundation) - Governments worldwide are still putting obstacles in the way of economies making the transition to become carbon-neutral by mid-century, an effort needed to hold global warming to 1.5 degrees Celsius, the head of the United Nations said on Thursday.

Besides instituting their own plans to achieve net-zero emissions by 2050, governments must create the conditions to allow companies, cities, civil society groups and other organisations to do the same, U.N. Secretary-General Antonio Guterres urged.

He called on governments to reform regulations and policies that currently go against action on climate change, such as financing coal-power plants and providing subsidies for the extraction and use of fossil fuels.