Climate change: New fossil fuel funding is 'delusional' says UN chief

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Climate change: New fossil fuel funding is 'delusional' says UN chief
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UN chief Antonio Guterres warns that the rush to find new sources of coal, oil and gas is a major mistake.

The war in Ukraine is making that tough target even harder, experts believe.

He re-iterated his previous call for a rapid phase out of coal and a dramatic increase in spending on renewables like wind and solar. The dramatic falls seen in the price of renewables over the past decade contrasted strongly with the rising costs of oil and gas, he added.should be rapidly reformed to speed up renewable energy projects.Mr Guterres also called for increased spending on helping poorer countries live with the impacts of climate change.

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