• Home
  • E-Paper
  • Archive
  • Contact us
  • Daily Pakistan
Saturday, June 21, 2025
  • Login
Daily The Patriot
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
Daily The Patriot
No Result
View All Result
Home Globe

UN Secretary-General urges financial institutions to stop funding fossil fuels and rather than invest in renewable energy.

by Daily Patriot
June 15, 2022
in Globe
0
0
SHARES
59
VIEWS
Share on FacebookShare on Twitter
UN chief urges financial institutions to stop funding fossil fuels, invest in renewable energy

UNITED NATIONS: UN Secretary-General Antonio Guterres has referred to renewable energy as “the peace plan of the twenty-first century,” emphasising the importance of discontinuing funding for fossil fuels.

The UN Secretary-General was speaking in Vienna at the Sixth Austrian World Summit on Climate Change, which was convened by the Austrian Government and former California Governor and Hollywood actor turned climate activist, Arnold Schwarzenegger.

Guterres underscored his call for G20 rulers to “demolish coal infrastructure, with a complete phase-out by 2030 for OECD countries and 2040 for the others.”

“The only true path to energy security, stable power prices, prosperity, and a patch of land is to give up environmental pollution fossil fuels, particularly coal, and increase speed the renewable sources energy transition,” he declared.

The window for avoiding the worst effects of the climate crisis is rapidly closing, according to the UN Secretary-General, and in order to meet the 1.5-degree target for limiting global warming, emissions must be cut by 45 percent by 2030, with net zero emissions by 2050.

“However, current national commitments will lead to an increase of nearly 14% this couple of years,” he said, while energy-related CO2 emissions increased by 6% just last year, “when they should be falling.”

“To be blunt, most climate policy campaign promises are highly insufficient. This is not just my opinion. “Science and public opinion have given timid climate policies a huge fail mark,” the UN Secretary-General told delegates.

“We are witnessing a historic and difficult and dangerous schism – science and citizens alike are demanding aspirational and life – changing climate action.” Meanwhile, many governments are stalling.”

He predicted dire consequences, with nearly half of the world’s population already in the “danger zone.”

Tags: antonio Guterresfossil fuels.OECDUnited nations
Daily Patriot

Daily Patriot

Next Post

Pakistan will submit a great squad to the third Blind CWC

Latest News

City

Punjab’s Budget: A Shift Towards Public Welfare

by Web Desk
June 21, 2025
0

Under the leadership of Chief Minister Maryam Nawaz, Punjab's budget for the fiscal year 2025-26 has taken a significant turn,...

Read more
Palestine, Israel conflict lingers on

Donald Trump hosts Asim Munir: Pakistan steps forward with strategic clarity

June 21, 2025
"Unveiling Discord: The Manipulative Machinations Behind the AAC Protests in AJK"

Pakistan’s Tightrope Between Trump’s Favour and Regional Realities

June 21, 2025
Pakistan rendered immense sacrifices in global war against terrorism: Field Marshal Munir

Pakistan rendered immense sacrifices in global war against terrorism: Field Marshal Munir

June 20, 2025
Israel-Iran air war enters second week; Trump says decide on US action within two weeks

Israel-Iran air war enters second week; Trump says decide on US action within two weeks

June 20, 2025
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
Call us: 051-233-1674

© 2025 DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

No Result
View All Result
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper

© 2025 DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In