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COP29: UN Chief calls for climate justice amidst anxieties over new finance targets

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Mr Guterres said there is a need for a major push to get discussions over the finishing line to deliver an ambitious and balanced package on all pending issues, with a new finance goal at its heart.

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“I urged G20 leaders to instruct their ministers and negotiators to secure a new ambitious climate finance goal at COP29. And I heard leader after leader stress the importance of concrete success,” Mr Guterres said. We need a major push to get discussions over the finishing line. To deliver an ambitious and balanced package on all pending issues, with a new finance goal at its heart.

To give every government the chance to reap the benefits of clean, cheap renewables and a just energy transition, simultaneously accelerating the reduction of emissions. Because this is not a zero-sum game.Finance is not a hand-out. It’s an investment against the devastation that unchecked climate chaos will inflict on us all.

I urge every party to step-up, pick-up the pace, and deliver. The need is urgent. The rewards are great. And time is short.

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