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CLIMATE CRISIS: Further fossil fuel investment is delusional - Guterres

CLIMATE CRISIS: Further fossil fuel investment is delusional - Guterres
Posted By GEO´ PRWire Team - Gibraltar

New funding from governments for fossil fuel exploration or production is simply “delusional” the UN chief warned on Tuesday, adding that it would only “further feed the scourge or war, pollution and climate catastrophe.”

António Guterres was speaking at the Sixth Austrian World Summit on the climate crisis, convened by the Austrian Government and former Governor of California and Hollywood actor turned climate activist, Arnold Schwarzenegger.

Mr. Guterres repeated his call for G20 leading economies to “dismantle coal infrastructure, with a full phase-out by 2030 for OECD countries and 2040 for all others.”

Renewables: 21st century peace plan

He said renewable energy was “the peace plan of the 21st century” and called on fossil fuel finance to be abandoned wholesale, in favour of the green alternative. And I call on all financial actors to abandon fossil fuel finance and invest in renewable energy.

“The only true path to energy security, stable power prices, prosperity and a liveable planet lies in abandoning polluting fossil fuels, especially coal, and accelerating the renewables-based energy transition”, he declared.

The window to prevent the worst impacts of the climate crisis is closing fast, the UN chief warned, and to keep the 1.5-degree goal of limiting global warming within reach, emissions must be cut by 45 per cent by 2030, with net zero emissions by 2050.

“But current national commitments will lead to an increase by almost 14 per cent this decade”, he said, while, energy-related CO2 emissions grew six per cent just last year, “when they should be falling.” Learn More/...

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Image Credit: Alisdare Hickson



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