Guterres Calls on Developed Countries to Fulfill Promise, Support Developing Nations

Guterres Calls on Developed Countries to Fulfill Promise, Support Developing Nations

UN Secretary-General Antonio Guterres has stressed the need to reform the global financial system and urged international financial institutions to devise ways to provide financing. He also urged developed countries to provide support to vulnerable nations to raise their ability to confront and adapt to climate change and allow a smooth transition to renewable energy.

To provide the necessary support, Guterres urged developed countries to fulfil their $100 billion promise to developing countries.

Speaking at the Fifth UN Conference on the Least Developed Countries, known as LDC5, taking place in the Qatar capital from 5 to 9 March, Guterres announced that he will host a Climate Ambition Summit at UN Headquarters in September to move from words to action and “to deliver climate justice to those on the frontlines of the crisis”.

The anticipated summit will offer an opportunity for international solidarity in confronting climate change and provide financial and technical support to ensure the transition of emerging economies to renewable energy sources.

Guterres stressed that LDCs are stuck in a wave of crises, uncertainty, climate chaos and historical global injustice, and are unable to catch up with the rapid technological changes.

Systems employed in LDCs are stretched or non-existent – from health and education