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Source: The post is based on the article “COP27 | We’re on a highway to climate hell, U.N.’s Guterres warns” published in The Hindu on 8th November 2022.
What is the News?
The United Nations(UN) Secretary-General addressed the world leaders at the opening of the COP27 UN climate summit in Egypt.
What are the key highlights of the address?
Need for a Climate Solidarity Pact: Humanity faces a stark choice between working together or “collective suicide” in the battle against global warming.
– Nations worldwide are coping with increasingly intense natural disasters that have taken thousands of lives this year alone and cost tens of billions of dollars – from devastating floods in Nigeria and Pakistan to droughts in Kenya and Somalia.
– Hence, a Climate Solidarity Pact — where developed and emerging economies work together to accelerate energy transition — is a must for a better future as Earth fast approaches a tipping point that will make climate chaos irreversible.
On Adaptation: Some 3.5 billion people are currently living in countries which are vulnerable to the impacts of climate change.
– Hence, the world desperately needs progress on adaptation. In Glasgow, developed countries promised to double adaptation support to $40 billion a year by 2025. And we must recognize that this is only a first step. Adaptation needs are set to grow to more than $300 billion dollars a year by 2030.
Phase out the use of Coal: Countries should agree to phase out the use of coal, one of the most carbon-intense fuels by 2040 globally.
On Loss and Damage: COP27 must agree on a “clear, time-bound roadmap” for loss and damage that delivers “effective institutional arrangements for financing”.
