WORLD NEWS | UN chief expresses concern as differences threaten COP27 talks, deadline looms

sharm el sheikh [Egypt]Nov 18 (ANI): UN Secretary-General António Guterres said on Thursday that as COP27 is scheduled to end in 24 hours, countries remain over several major issues including “loss and damage”. disagreement,

Speaking at the Sharm el-Sheikh International Conference Center, Guterres called on all parties to come forward and agree on real solutions to the greatest challenges facing humanity.

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“COP27 is scheduled to end in 24 hours – parties remain divided on some of the big issues mentioned. As in the past, trust is clearly broken between North and South, between the developed world and the emerging economies. Now is not finger pointing time. The blame game is a recipe for mutual destruction,” Guterres told reporters.

“I am here to call on all parties to rise to this moment, to meet the greatest challenge facing humanity,” he added.

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The UN Secretary-General is asking nations to take meaningful action that people and the planet desperately need. “The world is watching us with a simple message: Stand up,” he stressed.

Guterres reminded world leaders that global emissions are at an all-time high and climate impacts are destroying economies and societies.

“The most effective way to rebuild trust is an ambitious and credible agreement on loss and damage and financial support for developing countries. The time to talk about financing loss and damage is over. We need to act,” he said, urging Negotiators are offering concrete solutions to one of the thorniest issues at this year’s conference of the parties to the UN climate convention.

The UN chief also asked negotiators to send a clear signal that the voices of those on the front lines of the crisis are being heard while the world burns and drowns before their eyes.

“Reflecting the urgency, scale and enormity of the challenge facing developing countries. We cannot continue to deny climate justice to those who contribute the least to the climate crisis but are harmed the most,” he explained.

For the first time in the history of the UN climate conference, the issue of loss and damage is on the formal agenda.

A new financial institution to compensate fragile states hit hardest by natural disasters is a key demand of the negotiating bloc known as the Group of 77, which represents nearly all developing nations, UN News reported. Chinese home.

The UN Secretary-General has also called for the $100 billion a year in climate finance pledged at COP15 in Copenhagen.

He called on parties to act in concert to double their investments in adaptation and reform of multilateral development banks and international financial institutions.

“…all parties must act on the critical issue of finance. This means providing $100 billion in climate finance for developing countries. times,” he said.

He also stressed that banks and international financial institutions must provide the support developing countries need to embark on a path of renewable energy and climate resilience”, he stressed. (ANI)

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