Guterres: $ 11 million per minute for oil, gas and coal

The UN Secretary General called on the world to invest in "green" energy.

Antonio Guterres has criticized the growth of investment in fossil fuels. He mentioned this in an interview with the Nikkei newspaper.

"At a time when the effects of the Russia-Ukraine conflict are spreading around the world, some countries are trying to get out of the energy crisis by spending billions of dollars on oil, gas and coal," he said. This will exacerbate the climate catastrophe,” he said.

"Renewable energy is the only way to limit climate change and ensure energy security," he said. If we had invested more in this area before, we would not have been dependent on the volatile market for fossil fuels. Investors are still supporting traditional energy sources, and governments are allocating billions in subsidies for oil, gas and coal, which means $ 11 million per minute,” Guterres added.