UN Secretary-General calls for $2 trillion annual investment in clean energy for developing nations by 2035
By
Citizen Portal
Summary
At a climate summit, the United Nations Secretary-General urged swift global expansion of grids and storage, called for $2 trillion annual investment for developing countries by 2035, and pressed multilateral banks and investors to lower financing costs to unlock the energy transition. He framed the climate crisis and energy price upheaval as two interconnected crises sharing a common cause: fossil fuels.
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Key quotes
· 2 pulledThe world faces two interconnected crises: accelerating climate chaos pushing beyond 1.5°C and a severe energy upheaval that has driven up prices and inflation.
These two crises share one common cause, fossil fuels.
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