Climate love
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António Guterres

Climate love

Deliver on climate promises, UN Secretary General Antonio Guterres reminds rich countries

U.N. Secretary-General Antonio Guterres speaks to the media at the European headquarters of the United Nations in Geneva, Switzerland, April 29, 2021.[AP photo] The United Nations (UN) has reminded developed economies to keep their promises of financial help to developing countries so they can address the climate crisis.  Speaking at the 36th regular session of the African Union Assembly going on in Addis Ababa Ethiopia, Secretary-General António Guterres has told developed countries to fulfill the $100 billion promise made to developing countries, providing funds for loss and damage agreed upon at the last Conference of the Parties (COP 27), doubling adaptation finance, and replenishing the Green Climate Fund. "Deliver on plans for early warning systems to protect every person in the world within five years - including the six in ten Africans who lack these systems," Guterres said. He also pushed for a new debt architecture that provides debt relief and restructuring to vulnerable countries - including middle-income countries - while providing immediate debt suspension and write-downs to countries in need.  He observed that multilateral Development Banks should transform their business model and accept a new approach to risk. This includes massively leveraging their funds to attract greater flows of private capital into your countries.  "It means scaling-up guarantees and adopting first-loss positions in coalitions of financial institutions to support developing countries. And it means integrating disaster and pandemic clauses into all debt contracts," he said.

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  • Evangeline Wanjiru

    67 w

    The time for implementation is now.

    • We Don't Have Time

      67 w

      Dear Ajema Lydiah Thank you for getting your climate love to level 2! We have reached out to António Guterres and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

      • Joseph Githinji

        67 w

        Action is all the developing nations are advocating for, the rich countries promised they should deliver

        • Tabitha Kimani

          69 w

          The promises should move from paper work to reality. Otherwise we continue to hold conferences that are not necessary.

          • George Kariuki

            69 w

            It is essential that these promises are kept and that we all work together to tackle this global challenge.

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