UN Secretary General Antonio Guterres called on the world leaders to put a price on carbon, end subsidies for fossil fuels and stop financing of coal and building of new coal power plants as he sounded alarm that the “the world is on red alert.”
Speaking at the Leaders’ Summit on Climate convened by US President Joe Biden on Thursday, Guterres sounded a dire warning that “Mother Nature is not waiting” and “we need a green planet – but the world is on red alert.”
Calling on world leaders everywhere to take action, Guterres said they must put a price on carbon and shift taxation from income to carbon.
He called on governments to end subsidies for fossil fuels, ramp up investments in renewable energy and green infrastructure, stop the financing of coal and the building of new coal power plants and phase out coal by 2030 in the wealthiest countries, and by 2040 everywhere else.
“To build a truly global net zero coalition, we need a breakthrough on finance and adaptation. This is critical for trust and collective action,” he said.
Biden and Vice President Kamala Harris are hosting the virtual climate summit, which will see participation by over 40 world leaders, including Prime Minister Narendra Modi.