UN Secretary-General António Guterres has urged world leaders to speed up the global shift away from fossil fuels during an energy transition discussion in Belém, Brazil on Friday. Speaking at an Energy Transition Roundtable held days before the COP30 climate conference opens, Guterres said the energy transformation is inevitable but stressed the need for greater speed and equity in implementing the green transition across both developed and developing nations.
According to Guterres, rapid changes are already underway in global energy markets. In 2024, renewable sources accounted for roughly 90% of new electricity generation capacity added worldwide. Investment in clean energy technologies hit approximately $2 trillion, exceeding fossil fuel investment by a whopping $800 billion.
Although the Secretary-General called this surge a “renewables revolution,” he emphasized that the current momentum is still insufficient. At the current pace, existing national climate action plans will not limit temperature increases to safe levels.
Temperature projections show global warming approaching 2 degrees Celsius above pre-industrial levels even if countries fully implement their stated climate commitments. The UN chief warned this trajectory guarantees increased flooding, heat extremes, and widespread human suffering across all regions.
Holding warming to 1.5 degrees requires cutting global emissions nearly in half by 2030, achieving net zero emissions by mid-century, and achieving negative emissions in subsequent decades.
Guterres described five areas for governments to focus on as they transition to renewables. First, countries must restructure their legal frameworks and economic systems to support clean energy development while ending subsidies that artificially reduce fossil fuel costs.
Second, governments should place workers and communities at the center of transition planning, particularly those currently dependent on coal, oil, and gas industries for their livelihoods. Training programs and alternative employment opportunities will be essential, with special attention to young people and women with a high risk of displacement.
Infrastructure development represents the third priority area. Electrical grids, energy storage systems, and efficiency improvements must advance rapidly to keep pace with renewable energy expansion.
Fourth, new electricity demand from data centers and artificial intelligence systems should be powered exclusively by clean sources rather than increasing reliance on conventional generation. Emerging technologies should support climate objectives instead of undermining them through additional energy consumption.
Financial support for developing nations forms the final priority. Africa currently receives just 2% of global clean energy investment despite the continent’s enormous renewable potential and development needs. Guterres emphasized that developing countries require substantially increased international cooperation, investment flows, and technology transfer to implement their fossil fuel transition commitments effectively.
Support frameworks must account for varying national capacities and different levels of existing fossil fuel dependence. In this way, other supportive technologies focused on by entities like Bollinger Innovations, Inc. (OTC: BINI) can exert a multiplier effect upon efforts to…
Read More>>
About GreenEnergyStocks
GreenEnergyStocks (“GES”) is a specialized communications platform with a focus on companies working to shape the future of the green economy. GreenEnergyStocks is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, GES is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, GES brings its clients unparalleled recognition and brand awareness. GES is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from GreenEnergyStocks, text “Green” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.GreenEnergyStocks.com
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
GreenEnergyStocks
Los Angeles, CA
www.GreenEnergyStocks.com
310.299.1717 Office
[email protected]
GreenEnergyStocks is powered by IBN
