UN needs $100bn a year to address environmental problems

GENEVA: The United Nations has said that the international community needs 100 billion to tackle the world’s environmental and economic problems, for which the banking sector must come forward.

In a message on Twitter, UN Secretary-General Antonio Guterres said the world needed at least 100 billion a year to tackle environmental problems and solve the problems of developing countries. 

Earlier, Microsoft co-founder Bill Gates predicted that the global community would face an environmental crisis that could have far worse effects than the coronavirus.

According to the International News Agency, Bill Gates wrote in his blog during August 2020 that no matter how terrible the coronavirus epidemic is, climate change can be worse than that and the biggest crisis will be faced, he said.

At a bare minimum, $100 billion dollars a year is needed for climate mitigation & adaptation for the developing world.

Development banks have an essential role to play in funding a green recovery and credible energy transition plans. pic.twitter.com/E7O2dHV3nL

— António Guterres (@antonioguterres) October 15, 2021

He explained that the death toll from the coronavirus has risen to 14 deaths per 100,000 people, while the death toll from global warming will increase five percent more before the year 2100. Moreover, Antonio Guterres was appointed as the UN Secretary-General for a second term beginning January 1, 2022.

READ MORE: Antonio Guterres re-elected as secretary-general for five years

“I will give it my all to ensure the blossoming of trust between and among nations large and small, to build bridges, and to engage relentlessly in confidence building,” Guterres told the General Assembly after taking the oath of office.

President of the 75th session of the UN General Assembly Volkan Bozkir announced that Guterres has been appointed by acclamation Secretary-General of the United Nations for the second term of office beginning on January 1, 2022 and ending on December 31, 2026.