The UN Secretary-General emphasized the unstoppable shift towards renewable energy during a speech, criticizing U.S. policies that favor fossil fuels, calling it a forfeiture of major economic opportunities.**
UN Chief Warns US Is Missing Energy Transition Economic Goldmine**
UN Chief Warns US Is Missing Energy Transition Economic Goldmine**
António Guterres highlights the missed economic potential in renewable energy amidst ongoing fossil fuel subsidies in the United States.**
Despite economic data forecasting an aggressive shift towards renewable energy, the United Nations Secretary-General António Guterres criticized the United States for lagging in this essential transition. In a recent address, Guterres described the global shift from fossil fuels to cleaner energy sources as “unstoppable,” emphasizing the substantial economic opportunities being squandered, particularly by the nation that holds the world's largest economy.
The U.S., under the leadership of President Trump, has withdrawn from key international climate agreements and stifled growth in sectors including solar and wind energy. Guterres pointed out that current U.S. policies have led to significant market imbalances, with fossil fuel subsidies being offered at a staggering rate of nine to one relative to renewables. "The greatest economic opportunity of the 21st century is being missed," Guterres lamented, warning that these policies threaten not only domestic energy advancements but also international collaborations for climate mitigation.
Despite this bleak assessment, Guterres expressed confidence that the transition would ultimately succeed, indicating that we may already be past the point of systemic reversal. However, he acknowledged that countries' energy choices can evolve, driven by advancements in technology and shifts in political landscapes. “Just follow the money,” he urged, signaling that the economic imperative to pivot to clean energy cannot be ignored much longer. As global awareness increases and renewable options become more cost-effective, the hope remains alive for a more sustainable energy future.
The U.S., under the leadership of President Trump, has withdrawn from key international climate agreements and stifled growth in sectors including solar and wind energy. Guterres pointed out that current U.S. policies have led to significant market imbalances, with fossil fuel subsidies being offered at a staggering rate of nine to one relative to renewables. "The greatest economic opportunity of the 21st century is being missed," Guterres lamented, warning that these policies threaten not only domestic energy advancements but also international collaborations for climate mitigation.
Despite this bleak assessment, Guterres expressed confidence that the transition would ultimately succeed, indicating that we may already be past the point of systemic reversal. However, he acknowledged that countries' energy choices can evolve, driven by advancements in technology and shifts in political landscapes. “Just follow the money,” he urged, signaling that the economic imperative to pivot to clean energy cannot be ignored much longer. As global awareness increases and renewable options become more cost-effective, the hope remains alive for a more sustainable energy future.
