Global Warming Situation Seemed Grim; UN Chief Calls for Developed Countries to Support Developing Economies

In a dire warning, United Nations Secretary-General Antonio Guterres on Tuesday emphasized that the global warming situation is becoming increasingly unsustainable unless developed countries increase their support for developing economies that bear the brunt of the climate crisis.

Attending the opening session of the World Leaders Climate Action Summit during the ongoing COP29 climate change conference in Baku, Azerbaijan, Guterres urged developed countries to boost their financial commitment to help develop economies deal with the consequences of global warming.

With 2024 set to be the hottest year on record, the world is at a critical juncture where urgent collective action is needed to reduce emissions and adapt to climate change. Unless drastic measures are taken, Guterres warned that every economy will face increasing fury from extreme weather events, which could spell disaster for communities worldwide.

The UN chief stressed that three priorities must be emphasized: emergency emissions reduction, enhanced action to prevent climate disasters, and a new climate finance goal that meets actual needs. He pointed out that the world needs to cut global emissions by 9 percent every year, with emission levels decreasing by an astonishing 43 percent compared to 2019.

To attain these goals, Guterres called upon all countries to take responsibility for their part in addressing the crisis. However, he placed utmost emphasis on the G20 nations, stating that they have a crucial role to play in providing technological assistance, supporting emerging economies with their massive resources and expertise.

Developing countries are struggling to cope with climate-related challenges due to scarcity of public financing, expensive capital costs, debt repayment obligations, and crippling natural disasters.

"Climate financing is not charity; it's an investment," stressed Guterres. The UN chief urged developing nations not to leave Baku empty-handed during the COP29 conference, and demanded more urgent action from world leaders.

Simon Stiell, executive secretary of the UNFCCC, echoed similar sentiments on climate financing's immense importance in combating the crisis.