UN chief, Ban Ki-Moon, has said that subsidies, which resource-rich countries lavish on fossil fuel producers, are one of the major factors that are worsening climate change and should be eliminated urgently.
Ki-Moon said this during the annual UN Climate Change Conference which was held in Marrakesh, Morroco on 15 November 2016.
He urged countries and businesses to do more to curtail global warming caused by fossil fuel emissions.
“I strongly urge all countries to increase the mitigation ambition of their national climate plans by 2018.”
Ki-Moon said it was incumbent upon individual countries to play their part in reducing climate change.
“The private sector must also do much more, and I call for the elimination of fossil fuel subsidies to accelerate the transition to clean energy.”
Ki-Moon said the UN expected planet-warming greenhouse gas emissions to peak by 2020 and decline rapidly thereafter for the world to meet the UN goal of limiting average global warming to under 2°C (3.6°F) over pre-industrial levels.
“We have no right to gamble with the fate of future generations or imperil the survival of other species that share our planet.”
Information Sourced from a report filed by AFP