{"id":112068,"date":"2025-04-27T13:59:15","date_gmt":"2025-04-27T10:59:15","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=112068"},"modified":"2025-04-27T13:59:15","modified_gmt":"2025-04-27T10:59:15","slug":"guterres-urges-mobilizing-1-3-trln-per-year-for-developing-nations-by-2035-double-adaptation-finance-to-40-bn-this-year","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/guterres-urges-mobilizing-1-3-trln-per-year-for-developing-nations-by-2035-double-adaptation-finance-to-40-bn-this-year\/","title":{"rendered":"Guterres urges mobilizing $1.3 trln per year for developing nations by 2035, double adaptation finance to $40 bn this year"},"content":{"rendered":"

United Nations Secretary-General Ant\u00f3nio Guterres called on countries to deliver a credible roadmap to mobilize $1.3 trillion per year for developing nations by 2035, double adaptation finance to $40 billion this year, and increase contributions to the new Loss and Damage Fund<\/a> created at COP28.<\/p>\n

At a high-stakes virtual summit, Guterres and Brazilian President Luiz In\u00e1cio Lula da Silva brought together 17 national leaders from major economies and climate-vulnerable countries. The goal was to accelerate global climate ambition ahead of COP30, which will be hosted in Brazil.<\/p>\n

\u201cAs we heard today, the world is moving forward. Full-speed ahead. No group or government can stop the clean energy revolution\u201d, he declared at a press briefing afterwards.<\/p>\n

He said many leaders pledged to deliver ambitious new climate plans, formally known as National Determined Contributions (NDCs), as soon as possible in what he called a \u201cstrong message of hope\u201d.<\/p>\n

Guterres announced that President Xi Jinping confirmed during the meeting that China\u2019s updated NDCs would cover all economic sectors and all greenhouse gases \u2014 a clarification he described as \u201cextremely important\u201d for climate action.<\/p>\n

He added that these pledges provide a vital opportunity to chart a bold path for the next decade and most importantly, help speed up a just transition away from fossil fuels to renewables<\/a>.<\/p>\n

Renewable energy production is \u201cthe economic opportunity of the century,\u201d he said, describing it as the \u201cpathway out of climate hell.\u201d<\/p>\n

\u201cThe clean energy sector is booming \u2013 creating jobs and boosting competitiveness and growth worldwide\u2026Science is on our side and economics have shifted.\u201d<\/p>\n

The UN chief noted that prices for renewables have fallen dramatically, offering \u201cthe surest route to energy sovereignty and security, ending dependence on volatile and expensive fossil fuel imports.\u201d<\/p>\n

Since the 2015 Paris Agreement, global projections for warming have declined, from over 4\u00b0C this century to 2.6\u00b0C if current plans are implemented.<\/p>\n

But that still falls short of limiting temperature rise to 1.5\u00b0C above pre-industrial levels \u2013 the goal agreed in Paris by nations and endorsed by climate scientists.<\/p>\n

The Secretary-General urged leaders to submit national plans that align with that target, cover all greenhouse gases and sectors, and signal a full commitment to achieving net zero emissions by 2050.<\/p>\n

According to a senior UN official who spoke on condition of anonymity to discuss background prior to the meeting, Wednesday\u2019s summit was \u201cjust another step\u201d in the important effort to sustain political momentum during a pivotal year for combating climate change.<\/p>\n

The group of invitees, the official said, was \u201csmall but representative,\u201d including major economies, regional powers, former COP hosts, and climate-vulnerable nations.<\/p>\n

\u201cThis is a really important year,\u201d the official said, pointing to the 10th<\/sup>\u00a0anniversary of the Paris Agreement and the upcoming deadline for countries to submit new climate plans.<\/p>\n

\u201cThis meeting is about reminding leaders that climate remains a key priority \u2013 that collaboration and multilateralism still matter.\u201d<\/p>\n

A senior Brazilian official who also took part in the background briefing said the UN climate summit in Bel\u00e9m will move beyond negotiations to focus on implementation, transparency, and delivery. \u201cWe have already negotiated enough\u2026now the world wants to see action \u2013 results, examples, solutions.\u201d<\/p>\n

The official also stressed that demonstrating tangible outcomes is essential for restoring trust in multilateralism.<\/p>\n

\u201cWe want to prove that multilateralism is not only about negotiating documents,\u201d they said, \u201cbut about making them real.\u201d<\/p>\n

Guterres underscored the need to direct far more support to developing countries, which face the most severe impacts of climate change despite contributing the least to global emissions.<\/p>\n

\u201cAfrica and other parts of the developing world are experiencing faster warming \u2013 and the Pacific islands are seeing faster sea-level rise \u2013 even while the global average itself is accelerating,\u201d he said.<\/p>\n

The Secretary-General also announced a high-level UN event in September \u2013 just weeks ahead of COP30 \u2013 to assess progress on climate plans and finance.<\/p>\n

The message was clear, according to Guterres. \u201cWe cannot, must not, and will not let up on climate action.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

United Nations Secretary-General Ant\u00f3nio Guterres called on countries to deliver a credible roadmap to mobilize $1.3 trillion per year for developing nations by 2035, double adaptation finance to $40 billion this year, and increase contributions to the new Loss and Damage Fund created at COP28. At a high-stakes virtual summit, Guterres and Brazilian President Luiz […]<\/p>\n","protected":false},"author":410,"featured_media":112072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13330,984],"tags":[6325,6469,6944,14004],"yoast_head":"\nGuterres urges mobilizing $1.3 trln per year for developing nations by 2035, double adaptation finance to $40 bn this year - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Guterres called on countries to deliver a credible roadmap to mobilize $1.3 trillion per year for developing nations by 2035, double adaptation finance to $40 billion this year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/guterres-urges-mobilizing-1-3-trln-per-year-for-developing-nations-by-2035-double-adaptation-finance-to-40-bn-this-year\/\" 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