On the fifth anniversary of the 2015 Paris Agreement, more than 70 world leaders are due to address the one-day virtual meeting in the hope of galvanizing countries into stricter actions on global warming emissions. Current commitments across the globe did not go "far from enough" to limit temperature rises.
The UN chief said economic recovery packages launched in the wake of the coronavirus pandemic represented an opportunity to accelerate the transition to a low-carbon future — but warned so much more needs to be done to ward off catastrophic consequences. So far, the members of the G20 are spending 50% more in their stimulus and rescue packages on sectors linked to fossil fuel production and consumption, than on low-carbon energy.
"This is unacceptable. The trillions of dollars needed for COVID recovery is money that we are borrowing from future generations," he said. "We cannot use these resources to lock in policies that burden future generations with a mountain of debt on a broken planet," he added. (source: ecowatch.com)
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