Pay up or face climate-led disaster, warns UN chief at COP29

STORY: :: The U.N.'s chief tells world leaders at COP29 to 'pay up' or face 'disaster for humanity':: November 12, 2024:: Baku, Azerbaijan:: Antonio Guterres, U.N. Secretary General"The sound you hear is the ticking clock. We are in the final countdown to limit global temperature rise to 1.5 degrees Celsius and time is not on our side." "So, doubling down on fossil fuels is absurd. The clean energy revolution is here. No group, no business, and no government can stop it. But you can and must ensure it is fair, and fast enough to limit global temperature rise to 1.5 degrees Celsius." "COP29 must tear down the walls of climate finance. Developing countries must not leave Baku empty-handed. A deal is a must. And I'm confident it will be reached. We need a new finance goal that meets the moment."Nearly 200 nations have gathered at the annual U.N. climate summit in Baku, focused this year on raising hundreds of billions of dollars to fund a global transition to cleaner energy sources and limit the climate damage caused by carbon emissions.But on the day of the summit designed to bring together world leaders and generate political momentum for the marathon negotiations, many of the leading players were not present to hear Guterres' message.After victory for Donald Trump, a climate change denier, in the U.S. presidential election, President Joe Biden will not attend. Chinese President Xi Jinping has sent a deputy and European Commission President Ursula von der Leyen is not attending because of political developments in Brussels.

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