UN Chief Says ‘Subsidising Fossil Fuels Is Subsidising Suicide’
The United Nations says about $2.6 trillion a year in subsidies still harms nature and the climate.
- On Friday, United Nations Secretary-General Antonio Guterres urged governments in Yerevan, Armenia, to end fossil fuel subsidies, describing them as 'boiling our planet and are the scourge of biodiversity.'
- Governments have made little progress since 2022 pledges to reduce spending on environmentally harmful activities; The United Nations reports that for every $1 invested in nature, about $30 still funds degradation.
- Guterres warned that 'subsidising fossil fuels is subsidising suicide,' noting that nations currently provide an estimated $2.6 trillion annually in public subsidies that negatively impact nature and the climate.
- Nearly 200 nations will convene in Yerevan on Monday for United Nations biodiversity negotiations, where lack of finance for nature will be a central focus.
- A report launched by Guterres on Thursday shows the world remains off track to achieve the 2030 biodiversity targets enshrined in a landmark pact for nature.
12 Articles
12 Articles
UN Secretary-General António Guterres strongly denounced the financial support for hydrocarbons in the run-up to COP17 on biodiversity in Armenia UN Head António Guterres
United Nations (UN) chief Antonio Guterres on Friday urged governments to end subsidies for fossil fuel extraction, saying it is "roasting our planet and a scourge of biodiversity."
UN Secretary-General Antonio Guterres has issued a stark warning about the climate crisis and the rapid loss of biodiversity from the podium of the summit in Yerevan. Ahead of the upcoming COP17 biodiversity conference in Armenia, the UN chief has slammed the continued state financing of fossil fuels, highlighting the chaotic gap between international commitments and actual economic support that is destroying the environment.
The boss of the UN has castigated the subsidies paid to fossil fuels, which he assimilates to a suicide. His speech falls to a few days of a great... Read more A dollar for nature, thirty for its destruction appeared first on Le Singulier.
PARIS - UN Secretary-General António Guterres on Friday called on countries to stop subsidizing the extraction of fossil fuels, which are "overheating our planet and are a disaster for biodiversity," AFP reported.
Coverage Details
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
