Achieving a just and equitable energy transition is “one of the biggest challenges facing our world,” UN Secretary-General António Guterres told the Global Compact Board meeting on Sunday.
Climate disasters and skyrocketing fuel prices have made the need to “end our global addiction to fossil fuels” crystal clear, he said, underscoring the importance of investing in renewables, building resilience, and scaling up adaptation.
“Had we invested massively in renewable energy in the past, we would not be in the middle of a climate emergency now”.
Renewables are “the only credible path” to real energy security, stable power prices and sustainable employment opportunities, said the UN chief. More
Fittingly, the sun broke through the clouds over Glasgow on Thursday as delegations and participants prepared for ‘energy day’ at COP26, one of the key thematic sessions taking place during the UN climate summit.
President of the Conference Alok Sharma announced the new Global Clean Power Transition Statement, a commitment to end coal investments, scale up clean power, make a just transition, and phase out coal by the 2030´s in major economies, and in the 2040´s elsewhere.
The pledge has 77 signatories, including 46 countries such as Poland, Vietnam and Chile, 23 of which are making commitments on ending coal for the first time, he explained.
“All this helps to power the world to Net-Zero. We know that there is more to be done, it’s up to all of us governments, business, financial institutions and civil society and we must continue building the moment though alliances and coalitions. I do believe that the end of coal is in sight. I believe that we are getting to a point where we consign coal power to history”, he told the plenary room. More