‘Climate at breaking point’ — Guterres asks G20 to adopt ambitious finance goal

Gutteres spoke on Tuesday during the sustainable development and energy transition session at the just-concluded G20 summit in Brazil.

The conference, which is dubbed the ‘finance COP,’ is expected to see parties agree on a new collective quantified goal , with Africa calling for a $1.3 trillion finance flow.While talks about new finance goals are stuck in gridlock, the Donald Trump re-election and speculations about the US’s second exit from the Paris Agreement have cast a shadow of doubt on the success of COP29.

Guterres appealed to nations to speed up just the transition from fossil fuels to renewables, noting that they are now the “cheapest source of new electricity”.He added that climate is at a breaking point, stressing that the success of COP29 is largely in the hands of the G20 leaders. “The next round of national climate action plans is essential to putting the world on the right path.

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