UN Climate Chief Warns of Fossil Fuel-Driven Inflation
Simon Stiell says high fossil fuel prices are eroding the global economy at the COP31 opening in Turkey
UN climate chief Simon Stiell declared that the fossil fuel price crisis is spreading inflation across the world like a cancer. He spoke during the opening of COP31 in Turkey, an event focused on accelerating global electrification.
Representatives from nearly 200 countries are attending the event under pressure to deliver faster results. The meeting takes place against a backdrop of accelerating global warming and recent natural disasters, such as the floods in Nepal and Tibet that left more than 1,459 people dead.
Scientists have confirmed that global warming is expected to reach 1.8 degrees Celsius. This level exceeds the 1.5-degree target established in the 2015 Paris Agreement, sparking criticism regarding the effectiveness of current negotiations.
UN Secretary-General António Guterres urged world leaders to cut emissions more rapidly. The energy transition is being presented as an alternative to reduce global dependence on oil, coal, and gas.
Expectations are that 100,000 people will pass through Turkey during the two weeks of discussions. At least 95 heads of state are expected to attend the event to debate the future of the global energy mix.
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