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    special drawing rights

    António Guterres in Samoa

    In Samoa, UN Chief Says Low-Lying Island Nations Face 'Annihilation' by Climate Chaos

    "We need all countries to honor their promises on climate finance and a strong finance outcome from this year's COP where we will discuss the financial commitments after 2025."

    Brett Wilkins
    Aug 22, 2024

    United Nations Secretary-General António Guterres warned in Samoa on Thursday that low-lying Pacific island nations face the threat of "annihilation" from rising sea levels, cyclones, ocean heatwaves, and other dangers driven by human-caused climate chaos.

    "High and rising sea levels pose an enormous threat to Samoa, to the Pacific, and to other small island developing states. These challenges demand resolute international action," Guterres said. "Sea levels are rising even faster than the global average, posing an existential threat to millions of Pacific Islanders."

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    News
    pacific islands
    Solar panels in India.

    Landmark Report Details Just Path to Energy Transition and 1.5°C Target

    Recommendations include tripling renewable energy capacity by 2030, phasing out fossil fuels by 2050, and providing the Global South with the means to fund its energy transition.

    Olivia Rosane
    Nov 22, 2023

    As world leaders prepare to gather at the COP28 global climate talks next week in Dubai, 350.orgpublished a report Wednesday detailing how negotiators can draft a just and effective global transition to renewable energy.

    One of the main agenda items at COP28 will be a worldwide target for renewable energy. Yet this target must be accompanied by a 2050 phaseout of fossil fuels and funds to speed the transition in the Global South, 350.org concluded.

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    cop28
    Economist Joseph Stiglitz speaks during an event.

    Stiglitz to IMF: Give Poor Nations $300 Billion a Year to Fight Climate Crisis

    "As the scale of climate change impresses itself more and more on us, we are going to need bolder things," Stiglitz said at the IMF and World Bank's annual meeting in Morocco.

    Olivia Rosane
    Oct 13, 2023

    The International Monetary Fund, or IMF, should give poorer nations $300 billion a year to respond to the climate emergency, Nobel Prize-winning economist Joseph Stiglitz said.

    Stiglitz outlined his recommendation in an interview with The Guardian as he attended the fund's annual meeting with the World Bank in Marrakesh, Morocco, which runs from Monday, October 9 to Sunday, October 15.

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    climate emergency

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