UNITED NATIONS, Jul 8 (APP): Stronger collaboration among countries is the only sustainable path to a peaceful, stable, prosperous world for all, UN Secretary-General Antonio Guterres told G20 Foreign Ministers meeting in Bali, Indonesia, on Friday.
At the same time, he underscored the need for “urgent reform” of the international debt architecture, saying, “We need an operational debt relief and restructuring framework that takes account of vulnerability.”
The G-20 meeting is taking place at an extremely challenging moment for multilateralism and global governance, with the international order “at risk of coming apart at the seams”, he said, citing challenges that include the climate emergency, the COVID-19 pandemic, the war in Ukraine, and new and evolving forms of conflict.
“Strengthening multilateralism – the theme of this session – is not a choice, but a a necessity,” Guterres said in a video message, adding, “It is the only way to avoid widespread food shortages, deepening climate chaos, and a wave of poverty and destitution that will leave no country untouched.”
The UN chief outlined three areas for urgent multilateral action: the growing climate emergency; the food, energy and finance crisis, and the unequal recovery from the pandemic.
The climate crisis is our number one emergency, he said, warning that the battle to keep global temperature rise to the 1.5-degree goal will be won or lost by the end of the decade.
“You represent the major economies – and 80 per cent of global emissions,” he told the foreign ministers. “The responsibility for preventing the worst impacts of the climate crisis rests largely on your shoulders”.
Although global missions need to decline by 45 per cent below 2010 levels in order to meet the 1.5-degree goal, current national climate pledges would result in a 14 per cent increase by 2030.
Describing this as “collective suicide”, the UN chief called for a “renewable energy revolution,’ with ending the global addiction to fossil fuels as the top priority. This means no new coal plants, or expansion in oil and gas exploration, he said.
Furthermore, he said, emerging economies must have access to resources and technology to transition to renewable energy.
Wealthier countries must finally make good on the $100 billion climate finance commitment to developing countries, starting this year. “We also need a radical boost for adaptation and early warning systems,” he added.
With the war in Ukraine amplifying other crises, resulting in increased prices for food and fertilizer, the UN chief highlighted the “real risk” of multiple famines this year, and the potential for even worse in 2023.
Meanwhile, record high energy prices are already triggering blackouts and fuel shortages. “We need to work together to bring stability to global food and energy markets and support developing economies. Ukraine’s food production, and the food and fertilizer produced by Russia, must be brought back into world markets — despite the war,” he said.
The UN is working to find a plan that allows for the safe and secure export of Ukrainian-produced food through the Black Sea, and unimpeded access to global markets for Russian food and fertilizers. “But even as we try to increase supplies, we need to make resources and fiscal space available now for the poorest countries and communities,” he stated.
“The global financial system must use all the instruments at its disposal, with flexibility and understanding, to achieve this,” he stressed.
Meanwhile, many developing countries have suffered devastating economic losses during the pandemic but cannot access finance for recovery.
Guterres stressed that a New Global Deal is needed to rebalance power and financial resources, and enable these nations to invest in the Sustainable Development Goals (SDGs).
“Greater effort is also required to increase the number of countries that can produce COVID-19 vaccines, therapies and tests, by sharing licenses and providing technical and financial support,” he added.
The Secretary-General underscored that the world requires a multilateralism that is more effective, more networked, and more inclusive, saying, “We need to combine the strengths of existing institutions to deliver together on humanity’s most pressing challenges.”
The UN is working with countries to bring forward recommendations contained in the Secretary-General’s Our Common Agenda report, which focuses on strengthening multilateralism.
They include proposed Biennial Summits to work towards a more sustainable, inclusive and resilient global economy.
The Summits would bring together the G20, the UN Economic and Social Council (ECOSOC), international financial institutions, and the Office of the Secretary-General.
Follow the PNI Facebook page for the latest news and updates.
