BAKU, Azerbaijan, It is also time to stop the expansion of oil and gas exploration, said Antonio Guterres, UN Secretary General addressing the Berlin Energy Transition Dialogue, Trend reports.

“We need to fix the broke global energy mix. To limit global temperature rise to 1.5 degree, the world requires 45 percent reduction in emissions by 2030 and carbon neutrality by the mid of the century and we’re far of track. Last year global energy-related carbon dioxide emissions grew by 6 percent when they should be falling. In fact, with current national commitments, emissions are projected to increase by almost 14 percent this decade. Our planet has already warmed by as much as 1.2 degrees and we see the increasing devastating consequences everywhere. So, how do we keep 1.5 alive? By accelerating the phase out of coal and all fossil fuels and rapidly increasing the use of renewable energy,” he said.

The UN Secretary General pointed out that major economies must do much more to led the way.

“This includes helping the emerging economies to simultaneously implement rapid, just and sustainable energy transition. It means using all innovations to create the right mechanisms, including financial instruments that will promote the transformation. We must discourage and end private sector financing for coal. Coal emissions have surged to record highs. It is also time to stop the expansion of oil and gas exploration. The current crisis shows that we must accelerate the renewable energy transition,” Guterres added.

Source: TREND News Agency