At G20 meet, Guterres urges global solidarity backed by action and finance
UN Secretary-General António Guterres addressed G20 finance ministers and central bank governors with a call to deliver on COVID-19 vaccines, economic recovery and climate finance. He reminded developed economies that solidarity depends in part on fulfilling the longstanding commitment to provide $100 billion in public climate finance annually to developing countries, with half pegged to measures to safeguard people from climate impacts. Realizing this pledge is not just about the economics of climate change, he stressed, but about restoring trust in multilateralism.
Read the Secretary-General’s statement on the G20 Ministerial Meeting on Environment, Climate and Energy.
Fuel subsidies undercut Paris goals
A new report tracks how some of the world’s largest economies continue to heavily subsidize fossil fuels, the major source of the emissions that cause climate change. The Climate Policy Factbook focuses on the Group of 20 countries and steps towards a low-carbon economy.
Developing countries need reassurance that ambition will be met with financial and technical support.”




