COP29: Energy transition must not trigger a ‘stampede of greed’ that crushes the poor
The head of the UN has warned that the global energy transition must not trigger a “stampede of greed” that ignores the needs of the most vulnerable people.
Speaking at the opening of the COP29 climate summit in Egypt, António Guterres said that the world was facing a “triple crisis” of climate change, the cost-of-living crisis and the Ukraine war.
He warned that the energy transition must be “just and equitable”, and that it must not leave poor and vulnerable people behind.
“We cannot allow the energy transition to trigger a stampede of greed that crushes the poorest and most vulnerable,” he said.
Guterres’s comments come amid growing concerns that the global energy transition is not happening fast enough, and that it is not being done in a way that is fair and equitable.
A recent report by the International Energy Agency found that the world is not on track to meet its climate goals, and that the energy transition is “proceeding too slowly”.
The report also found that the energy transition is having a disproportionate impact on poor and vulnerable people, who are being forced to pay more for energy while seeing few of the benefits.
Guterres’s comments are a timely reminder that the energy transition must be done in a way that is fair and equitable. The world cannot afford to leave poor and vulnerable people behind as it moves to a clean energy future.
Here are some specific steps that can be taken to ensure that the energy transition is just and equitable:
- Investing in renewable energy and energy efficiency measures in developing countries.
- Providing financial assistance to poor and vulnerable people to help them pay for energy costs.
- Creating jobs in the clean energy sector.
- Supporting community-owned and operated renewable energy projects.
By taking these steps, the world can ensure that the energy transition is a positive force for all, not just for the wealthy and powerful.
COP29: Energy transition must not trigger a ‘stampede of greed’ that crushes the poor
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