UN chief says 'subsidising fossil fuels is subsidising suicide'
Summary
UN chief Antonio Guterres has urged governments to end fossil fuel subsidies, calling them “subsidising suicide” and warning that they are driving climate and biodiversity damage. He said nearly 200 nations gathering in Yerevan must focus on the lack of finance for nature as the world remains off track on biodiversity targets.
Key Points
- Antonio Guterres called on governments to stop subsidising fossil fuel production and redirect the money toward people and the planet.
- He said fossil fuel subsidies are harming the climate and biodiversity, describing them as “subsidising suicide.”
- Nearly 200 nations are meeting in Yerevan for UN biodiversity negotiations, where nature finance will be a major issue.
- The UN says public spending that harms nature remains far higher than investment in protecting or restoring it.
