Bank Of Baku

We need agreement on an ambitious new climate finance goal in Baku - UN chief

António Guterres, UN Secretary-General

© APA | António Guterres, UN Secretary-General

# 21 November 2024 15:09 (UTC +04:00)

"I sense an appetite for agreement. Areas of convergence are coming into focus. But differences remain," said UN Secretary-General António Guterres during a press conference, APA reports.

He stated that it is crucial for the parties involved to be open to negotiations and willing to adjust their positions in order to reach a final agreement: "We need a major push to get discussions over the finishing line. To deliver an ambitious and balanced package on all pending issues, with a new finance goal at its heart. Failure is not an option. It might jeopardize both near-term action, and ambition in the preparation of the new national climate action plans, with potential devastating impacts as irreversible tipping points are getting closer. It would inevitably make the success of COP30 in Brazil more difficult. I repeat, what we need is clear: Agreement on an ambitious new climate finance goal in Baku. Through its different components, that goal must mobilise the finance developing countries need. A surge in finance is essential: To ensure all parties can deliver new national plans aligned with 1.5 degrees – as they must."

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