Finance Ministers hold key to COP26 success: UN Secretary-General

The COP26 climate change conference must be “a turning point” if countries are to limit global temperature rise in line with the Paris Agreement, UN Secretary-General António Guterres said on Tuesday. 

Addressing members of the Coalition of Finance Ministers for Climate Action, he highlighted their critical role as the conference date fast approaches.

“As Ministers of Finance, you hold the key to success for COP26 and beyond,” he said in a video message to their latest meeting, held from Washington, DC. “Your decisions and actions in the coming weeks will determine whether the global economic recovery will be low-carbon, resilient and inclusive or whether it will lock-in fossil fuel-intensive investments with high risks of stranded assets,” he added.

The UN chief further called for ministers to support development of the Multidimensional Vulnerability Index, aimed at helping Small Island Developing States to access concessional financing.  More