-
Trump 'low-key' bets on economic pressure against Iran
-
Colombia enters 'final phase' of quake search as toll hits 265
-
Pitch invaders take selfies with Fernandes during Man Utd friendly
-
Father-figure Christie helps guide Kounta to European silver
-
No-stress Sabalenka won't fret over lackluster 2026 results
-
McIlroy returns to St. Jude to launch marathon PGA playoff push
-
Hometown hero Hudson-Smith basks in Euro glory
-
Guimaraes makes Arsenal debut in Como friendly
-
PSG down Aston Villa to retain UEFA Super Cup
-
Travis Kelce says wedding to Taylor Swift was 'best night of my life'
-
Trump's spokesperson Karoline Leavitt to step down
-
US stocks mostly up after data shows slightly lower inflation in July
-
'Imposing ignorance': US climate science under siege
-
Caracas protest denounces secrecy of Venezuela transition talks
-
As millions gazed in awe, a swathe of Spain plunged into darkness
-
Hudson-Smith regains Euro 400m title on home track
-
Xavi named first foreign Netherlands coach since 1978
-
Rob Reiner son denies grand jury murder charges
-
NBA triple-double king Westbrook to retire after 18 seasons
-
Spain darkens as solar eclipses races south from Arctic
-
'Trying to bury the science': US climate research under siege
-
Skies darken as solar eclipse heads south from Arctic to Spain
-
Eurovision to bar countries at war from hosting
-
Protest denounces secrecy of Venezuela transition talks
-
Italian teenager Curtis breaks 50m backstroke world record at Europeans
-
NBA's Los Angeles Lakers to be sold for reported $12.5 bn
-
New mum Sjostrom wins 50m butterfly for 18th European gold
-
Lukaku joins Turkish side Fenerbahce from Napoli
-
Solar eclipse darkens Arctic Russia on course for Spain
-
Colombia quake rescue efforts enter 'final phase' as toll hits 239
-
Russian economy rebounds in second quarter despite Ukrainian strikes
-
Brazil orders suspension of Discord livestreams after teen suicide
-
NBA's Los Angeles Lakers to be sold for $12.5 bn: ESPN
-
Tourists rush to Mount Etna as Italian volcano erupts
-
Trump sued over sale of access to Truth Social posts
-
Knot and Venmo Team Up to Make Venmo the Effortless Way to Pay
-
Europe looks to the skies as solar eclipse cast its shadow
-
In Moscow, Russians worry about new fuel shortages
-
At least 44 drown after ferry overturns on Zimbabwe's Lake Kariba
-
New space object 'black hole star' discovered by astronomers
-
Grieving Argentine icon Messi unsure about playing on 'much longer'
-
England captain Root tells players to be 'adults' as he ditches curfew
-
Nigeria kidnap victims escape 'hellfire' captivity beaten, malnourished
-
US inflation slows slightly in July despite elevated fuel prices
-
Google unveils finder tag, new AI smartphone features
-
Total solar eclipse to cast its shadow over Europe
-
US equities gain as inflation report eases fear of rate rise
-
US consumer inflation slows slightly in July despite elevated fuel prices
-
Colombia declares three days mourning for quake victims
-
Warholm on track in bid for fourth Euro hurdles gold
Climate-stricken world needs renewables Marshall Plan: UN chief
UN chief Antonio Guterres on Wednesday outlined what amounts to a global Marshall Plan for ushering in a world powered by renewable energy rather than coal, gas and oil.
To avoid catastrophic climate change, humanity must "end fossil fuel pollution and accelerate the renewable energy transition, before we incinerate our only home," he said in prerecorded remarks timed to coincide with the release of a major UN state-of-climate report.
Renewable technologies should be treated as freely available "global public goods", unconstrained by intellectual property, he said.
One option might be so-called patent pooling, as has been done by major drug companies to speed the delivery of life-saving drugs for HIV/AIDS and tuberculosis, noted a senior UN official who asked not to be named.
"The Secretary-General believes that the conversation around intellectual property should happen because we are in a crisis," the UN official said.
"If we have a ready solution, why not relax intellectual property rules so that solution can help us solve this crisis?"
Guterres singled out battery storage, calling for an international coalition of industry, tech companies and financial institutions, led by governments, to "fast-track innovation and deployment".
Solar and wind are the fastest growing clean energy technologies, but storing renewable electricity that can only be generated when the sun is shining or the wind blowing has been a persistent bottleneck for even more rapid rollout.
- Not fast enough -
It was unclear whether Guterres envisions a new oversight body or favours working through existing structures, such as the 86-nation International Solar Alliance or the G20 group of major economies.
The UN chief's five-point plan to "jump-start" a renewables boom also called for scaling-up and diversifying the supply of critical components and raw materials, such as rare Earth metals.
Currently, lithium -- crucial to the manufacture of electric vehicle batteries -- is sourced from a handful of countries, with China controlling 80 percent of global refining, according to BloombergNEF.
Transitioning to clean energy will also require far greater supplies of copper, silicon, nickel, cobalt and other elements that are scarce and/or in high demand.
Europe alone is estimated to need 35 times more lithium than it uses today over the next three decades.
Expanding renewable capacity is forecast to account for almost 95 percent of the increase in global electricity through 2026, according to the International Energy Agency (IEA).
But projected growth is not nearly fast enough to ensure the Paris Agreement target of capping global warming at 1.5 degrees Celsius above preindustrial levels.
Currently, solar and wind energy only account for eight percent of global electricity generation. Adding hydro and other renewable sources pushes the total up to 30 percent, with coal and gas still dominant overall.
- $11 million -
Guterres also said governments must cut red tape and streamline approvals for solar and wind projects.
The IEA has identified the issuing of permits and grid integration as major barriers to accelerating renewables deployment.
"In Europe, it takes eight years for a wind project to be approved," the UN official said.
"In the United States, I understand that it can take as much as a decade at the federal level alone, where one needs to go through about 28 federal agencies."
The UN Secretary-General also called for an end to approximately half-a-trillion dollars in fossil fuel subsidies, roughly two-thirds of which go to consumers and the rest directly to industry.
"Every minute of every day, coal, oil and gas receive roughly $11 million in subsidies," Guterres said.
"While people suffer from high prices at the pump, the oil and gas industry is raking in billions from a distorted market," he added. "This scandal must stop."
Finally, Guterres challenged private and public finance to scale up investment in solar and wind to at least $4 trillion a year, more than triple current levels.
Development banks and finance institutions should align their lending portfolios with the Paris treaty temperature targets by 2024, he said.
Y.Bouchard--BTB