The consequences of rich and poor countries failing to agree on climate policies at Cop27 would be "absolutely catastrophic", according to the UN's secretary general. Antonio Guterres warned that the world Is "doomed" without a historic pact being signed between developed and undeveloped nations.
Speaking on the eve of Cop27, the UN chief told The Guardian the result of present policies and dynamics between the developed and developing world, if unchanged, would be “absolutely catastrophic”. World leaders, environmentalists and business figures will gather at the global climate event at Egypt’s Red Sea resort of Sharm El-Sheikh, following last year’s summit in Glasgow.
“There is no way we can avoid a catastrophic situation, if the two [the developed and developing world] are not able to establish a historic pact,” he said. Rich nations previously promised to find 100 billion dollars a year in climate finance for poor nations, with the target originally meant to have been hit in 2020.
