UN chief calls for an end to $7 trillion in fossil fuel subsidies

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UN chief calls for an end to $7 trillion in fossil fuel subsidies
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António Guterres, the secretary general of the United Nations, called for an “Acceleration Agenda” in response to climate change.

At the summit, Guterres outlined a program he calls the"Acceleration Agenda" to close the gap between what is currently happening to address climate change and what he believes needs to happen — including an end to fossil fuel subsidies around the globe, which topped $7 trillion in 2022,Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyinto the atmosphere, which is a key driver in climate change.

"We must make up time lost to foot-dragging, arm-twisting and the naked greed of entrenched interests raking in billions from fossil fuels," Guterres said., and that is encouraging,"but we are decades behind," Guterres said, calling on developed nations to reach net zero emissions as close as possible to 2040, and for emerging economies, 2050.

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