‘Pay up or humanity will pay the price’, Guterres warns at COP29 climate summit
2024-11-12 12:00
- UN Secretary-General António Guterres has urged developed countries to provide \$4 trillion in climate finance to developing countries by 2025, or face the consequences of a global climate catastrophe.
- Guterres made the plea at the opening of the COP29 climate summit in Sharm el-Sheikh, Egypt, on Monday, November 12, 2024.
- He said that the world is on the brink of a climate abyss and that developed countries must step up their financial support to developing countries to help them adapt to the impacts of climate change and transition to clean energy.
- “We are on the edge of the abyss,” Guterres said. “We are in a life-or-death struggle for our planet and our future. We need to act now, and we need to act together.”
- Guterres said that the \$4 trillion in climate finance is needed to help developing countries build resilience to climate change, adapt to its impacts, and transition to clean energy.
- He said that the money would be used to fund projects such as building sea walls to protect coastal communities from rising sea levels, installing solar panels and wind turbines to provide clean energy, and developing drought-resistant crops to help farmers cope with changing weather patterns.
- Guterres said that developed countries have a moral and financial obligation to provide climate finance to developing countries.
- He said that developed countries have historically emitted the most greenhouse gases, which are the main cause of climate change, and that they therefore have a responsibility to help developing countries deal with the impacts of climate change.
- Guterres also said that climate finance is an investment in the future of the planet.
- He said that by helping developing countries to adapt to climate change and transition to clean energy, we can help to prevent the worst impacts of climate change and build a more sustainable and prosperous future for all.
- The COP29 climate summit is being held in Sharm el-Sheikh, Egypt, from November 12 to 22, 2024.
- The summit is being attended by world leaders, policymakers, and climate experts from around the world.
- The summit is expected to focus on a number of key issues, including climate finance, adaptation to climate change, and the transition to clean energy.
‘Pay up or humanity will pay the price’, Guterres warns at COP29 climate summit
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