Institutions unsuited to 21st century: UN secy gen
web///// The plan calls for developed countries to hit net-zero targets “as close as possible to 2040". The same targets would apply to emerging economies, who could reach this landmark around 2050.
It also calls for an end to the licensing or funding of new fossil fuel projects. Guterres also called for the G20 to show leadership in saving the Sustainable Development Goals.
He once again batted for his proposed stimulus plan, which would see developing countries receive at least $500 billion in additional financing every year. He also called for changes in debt redressal mechanisms and in the business model of multilateral development banks.
He praised India for its role in pushing the agenda of developing countries. “All of this is within reach – but it will take all hands.
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