Talking about loss and damage is talking about what is and will be inevitable due to climate change. But the future is not yet fully written. Guterres recalled that the planet “is rapidly approaching tipping points that will make climate chaos irreversible.””We are on a highway to climatic hell with our foot on the accelerator,” he added. But the “point of no return” can still not be overcome. To do this, global emissions must take a radical turn and begin to fall urgently.
“To avoid that terrible fate, all G-20 countries must accelerate their transition now, in this decade,” Guterres said. The members of the G-20 —among which are the developed nations such as the US and the members of the European Union, but also other countries considered emerging such as China, India or Brazil— are responsible for around 80% of global emissions , which is why it is imperative that they tighten their commitments to cut greenhouse gases.
The EU and the US have put forward plans to cut their emissions by 2030. But big developing economies like China and India are putting off big cuts beyond this decade. Guterres has opted to implement “measures to restore confidence, especially between the north and the south”, which will allow this situation to be turned around.
The highest representative of the UN has called for a “historic pact between developed and emerging economies”, a “climate solidarity pact”. An agreement in which all countries make “an extra effort to reduce emissions this decade” to ensure that the temperature at the end of the century does not exceed an increase of 1.5 degrees in the average temperature compared to industrial levels (in this moment we are at 1.1 degrees).
And a pact “in which the richest countries and international financial institutions provide financial and technical assistance to help emerging economies accelerate their own transition to renewable energy.”
Mark Phil is a former market analyst and consultant. Mark in his 9-year career as an analyst, worked with top market players like Prodge LLS, Westat Inc. and Precision Opinion Inc. He moved towards writing in the year 2013. In the past, he undertook several freelance projects to begin his writing profession. Mark completed his economics degree from Columbia University. Along with performing sub-editorial duties, he is also writing a book on Market analysis.