He hailed United States’ President Jose Biden’s announcement that the US would significantly increase its international climate finance to approximately $11.4 billion a year. “This increased contribution from the United States will bring developed countries closer to meeting their collective commitment to mobilize $100 billion a year in climate finance”, said the UN chief, in a statement.
Mr. Guterres also welcomes the announcement made by President Xi Jinping that China would end all financing of coal fired power plants abroad and redirect its support to green and low carbon energy.
“Accelerating the global phase out of coal is the single most important step to keep the 1.5-degree goal of the Paris Agreement within reach”, he underscored. More