COP31: UN chief demands $1.3tn finance for developing countries

Résumé détaillé

UN Secretary-General António Guterres has demanded $1.3tn in climate finance for developing countries at the COP31 summit in Türkiye. Read More:…

The United Nations Secretary-General António Guterres has warned that the world is running out of time to contain the climate crisis.

Guterres called for an accelerated transition from fossil fuels, increased climate financing and urgent action to protect vulnerable countries from worsening global warming.

The Secretary-General on Wednesday said global emissions needed to decline by approximately six per cent annually, warning that existing national climate commitments were insufficient to prevent dangerous temperature increases, despite growing investments in renewable energy.

He urged developed countries to deliver at least $300bn annually in climate finance by 2035, ensuring that the wider $1.3tn financing ambition translated into actual funding for developing countries that are still working to improve their industrial capacity, infrastructure, income levels, healthcare, education and living standards.

He stated, “Developed countries must lead in delivering at least $300 billion a year by 2035, and set out concrete plans with clear milestones to at least triple adaptation finance by then.

“The $1.3tn goal must become real finance flowing to developing countries and this demands that every source of finance pull its weight.”

Guterres spoke at the World Leaders Summit of the ongoing 31st United Nations Climate Change Conference, COP31, in Antalya, Türkiye, where Australian Prime Minister Anthony Albanese and Ethiopian Prime Minister Abiy Ahmed also called for stronger international cooperation, climate financing and practical interventions to address the crisis.

The World Leaders Summit at COP31 brings together heads of state and government, alongside senior international officials, to discuss urgent climate challenges, strengthen global cooperation and translate climate commitments into concrete action.

The summit, attended by our correspondent, opened with a 30-minute cultural performance celebrating Türkiye’s heritage, featuring the renowned Fire of Anatolia dance…

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