The UN Secretary General asks that “those who pollute pay” from the Climate Summit and demands taxes on fossil fuels

Guterres has also requested that COP29 participating nations reach an agreement that Don’t leave poor countries “empty-handed” in their fight against climate change. «Developing countries must not leave Baku empty-handed. An agreement is essential,” he said.

In addition, it has called for a significant increase in concessional public finances and a clear indication of how these will mobilize the trillions of dollars needed by developing countries. At the same time, it has insisted on the development of a framework for greater accessibility, transparency and accountability that gives developing countries confidence that the money will materialize.

Finally, it has demanded that the credit capacity of larger and bolder multilateral development banks be boosted. In their opinion, this requires a significant recapitalization as well as reforms to their business models, including so that they can take advantage of much more private financing. “When it comes to climate finance, the world must pay or humanity will pay the price”Guterres has declared.

Financing is going to be one of the keys to the summit negotiations. In fact, what will determine its success will be the potential agreement on the New Quantified Collective Goal, an element of the Paris Agreement designed to establish a financial goal to support developing nations in their climate actions after 2025. The current is from 100 billion dollars a year and is considered insufficient. However, there is no consensus on the exact amount or what formulas to use to increase its ambition.

Protect the people

Aside from financing, Guterres has asked that countries reduce emissions and that do more to protect your people from the ravages of the climate crisis. In the first case, he has requested that at this Climate Summit rules be agreed upon for the development of “fair and effective” carbon markets, which “respect the rights of local communities and leave no room for ‘greenwashing’ or land grabbing.

In a second case, he has claimed that developed countries double funding for adaptation up to at least 40 billion dollars a year by 2025. In this regard, he recalled that the gap between adaptation needs and financing could reach up to 359 billion dollars a year by 2030, which is equivalent to “lives and lost crops and denied development. In turn, he has called for an increase in pledges to the new Loss and Damage Fund.

From his point of view, “all countries must do their part, but the G20 must lead” since “they are the largest emitters, with greater capabilities and responsibilities.” In general terms, he has stressed that “no country is safe” from climate disasters and that “the rich cause the problem, but the poor pay the highest price.” Likewise, he stressed that “doubling down on fossil fuels is absurd” and that “the clean energy revolution is already here. »No group, no company and no government can stop it,« he said.