ENVIRONMENT

UN chief asks G20, including India, to invest in clean transition as they recover from COVID-19

UN chief Antonio Guterres on Friday renewed his call on India and other G20 countries to invest in a clean and sustainable transition as they recover from the COVID-19 pandemic, expressing deep concern over the continued support for polluting fossil fuels by nations across the world.

UN Secretary-General Guterres, virtually delivering the 19th Darbari Seth Memorial Lecture by The Energy and Resources Institute (TERI), said that clean energy and closing the energy access gap are good business.

“They are the ticket to growth and prosperity. Yet, here in India, subsidies for fossil fuels are still some seven times more than subsidies for clean energy,” he said. Coal subsidies in 2019-20 amounted to USD 2.06 billion, with overall subsidies to fossil fuels at USD 11 billion, he said.

Guterres praised India for raising the proportion of renewable energy in its total consumption to 24 per cent from 17 per cent despite the COVID-19 pandemic. He said that coal-fired power use has declined by 10 per cent to 66 per cent from 76 per cent.

The UN chief said that investments in renewable energy generate triple the number of jobs created by investments in fossil fuels.

“With the COVID-19 pandemic threatening to push many people back into poverty, such job creation is an opportunity that can”t be missed,” Guterres said.

Source
Outlook
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