UNITED NATIONS (Pakistan Point News / Sputnik - 14th November, 2021) UN Secretary-General Antonio Guterres says the participants of the COP26 climate summit in Glasgow failed to reach an agreement on a number of important climate targets.
"The #COP26 outcome is a compromise, it reflects the interests, the contradictions and the state of political will in the world today. It's an important step, but it's not enough," Guterres said on Saturday.
He called for an acceleration of climate action, in order to maintain the goal of limiting global temperature rise to 1.5 degrees.
"It's time to go into emergency mode. We must end fossil fuel subsidies, phase out coal, put a price on carbon, protect vulnerable communities from the impacts of climate change," Guterres emphasized.
The Secretary General also called on COP26 participants to make good on the $100 billion climate finance commitment to support developing countries.
"We did not achieve these goals at this conference, but we have some building blocks for progress," he said.
According to Guterres, the absolute priority must be to limit greenhouse gas emissions, bringing them down by 45 percent in the next ten years (as compared to the level of 2010).
The COP26 climate summit was held in the Scottish city of Glasgow on October 31 - November 12. It was organized to help reach meaningful commitments to fulfill the goals set out by the 2015 Paris Agreement on greenhouse emission reduction, carbon neutrality, global warming and climate finance.
The next UN climate conference, COP27, will be held in Egypt in 2022.
