Doug Sheridan Says
“The FT writes, United Nations sec-gen António Guterres has told world leaders that they are still “decades behind” in moving away from fossil fuels as he launched a scathing critique at the UN…”
Doug Sheridan Says
The FT writes, United Nations sec-gen António Guterres has told world leaders that they are still “decades behind” in moving away from fossil fuels as he launched a scathing critique at the UN’s inaugural climate ambition day in New York.
“We must make up time lost to foot-dragging, arm-twisting and the naked greed of entrenched interests raking in billions from fossil fuels,” Guterres told leaders as he kicked off a day-long climate summit held immediately after the UN’s general assembly.
“Humanity has opened the gates to hell,” he warned, noting that the world was on track for a 2.8C temperature rise since pre-industrial times. The Paris Agreement, signed by almost 200 parties in 2015, agrees to limit the rise in global average temperatures to well under 2C and ideally to 1.5C.
Guterres called on the countries that had benefited the most from fossil fuels to make an “extra effort” to cut emissions, and criticised “shady pledges” from businesses and financial institutions on attempts to reach net zero GHG emissions.
Representatives from 34 gov'ts along with seven non-government bodies, including the state of California, the City of London, the World Bank, the insurer Allianz and the UN’s Green Climate Fund are all among those set to address the summit.
Joe Biden said in a previous address to the UN general assembly that the heatwaves, wildfires, droughts and flooding that had ravaged countries around the world in recent weeks told an “urgent story of what awaits us if we fail to reduce our dependence on fossil fuels.”
The world has experienced its hottest June to August season on record, and the world’s top scientists have warned that global warming is “more likely than not” in the near-term to reach a 1.5C rise since pre-industrial times. This is distinct from a long-term rise in average temps of 1.5C that was set as a goal in the Paris climate accord in 2015. On this basis, the world has already warmed by 1.1C
China and the US, the world’s biggest polluters, have not scheduled officials to speak at the summit. The backtracking on green policies by the UK gov't, previously regarded as a climate leader, was also reflected in the absence of the prime minister, Rishi Sunak.
Our Take 1: The General-Secretary seems in a panic. He rants and raves about the impending doom of the planet, as if he could see the thermometer rising by the minute. But our guess is his hysteria is not really about saving the world from a fiery fate. It’s about saving his own reputation from a colossal failure.
Our Take 2: Guterres must know the grand plan to fix climate change by forcing all to go green is falling apart. He knows Europe and the UK, the pioneers of the netzero crusade, are now the laggards of the global economy, crippled by their costly and impractical energy transitions. He knows the Paris Accord vision is a fantasy... and that reality is rearing is its head, even taking control.