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Countries race against time to reach agreement on COP29 final document - UN Secretary-General

António Guterres, Secretary-General of the United Nations

© APA | António Guterres, Secretary-General of the United Nations

# 21 November 2024 14:58 (UTC +04:00)

"International cooperation – centered on the Paris Agreement – is indispensable to climate action," António Guterres, Secretary-General of the United Nations said this at the COP29 press conference in video format, APA reports.

He added that countries are currently racing against time to agree on the final document of COP29: "To give every government the chance to reap the benefits of clean, cheap renewables and a just energy transition, simultaneously accelerating the reduction of emissions. To enable all countries to protect themselves, and their people, from climate disaster…
And to build trust between nations."

A. Guterres also addressed the members of the delegations participating in the discussions on behalf of the countries: International cooperation – centred on the Paris Agreement – is indispensable to climate action. Amidst geopolitical divisions and uncertainties, the world needs countries to come together. So, I appeal directly to ministers and negotiators: soften hard lines. Navigate a path through your differences. And keep your eyes on the bigger picture. Never forget what is at stake. This is a COP to deliver justice in the face of climate catastrophe…
To help move us closer to securing a decent world for all humanity. Because this is not a zero-sum game. Finance is not a hand-out. It’s an investment against the devastation that unchecked climate chaos will inflict on us all. It’s a downpayment on a safer, more prosperous future for every nation on Earth. We have progress to build upon. Last week, multilateral development banks announced a significant boost in climate finance for low- and middle- income countries. This will reach $120 billion a year by 2030 with another $65 billion mobilised from the private sector."

The UN Secretary-General also spoke about the future pact agreed between the parties in September of this year: "And in September, countries agreed to the Pact for the Future. This contains important commitments on: access to finance; effective action on debt; and substantially increasing the lending capacity of the Multilateral Development Banks, making them bigger and bolder."

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