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    MarketForces Africa » MarketForces News » COP30: UN Chief Calls for Shift to Clean Energy

    COP30: UN Chief Calls for Shift to Clean Energy

    Julius AlagbeBy Julius AlagbeNovember 8, 2025 News No Comments3 Mins Read
    COP30: UN Chief Calls for Shift to Clean Energy
    António Guterres , UN Secretary-General
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    COP30: UN Chief Calls for Shift to Clean Energy

    UN Secretary-General António Guterres has continued his campaign to accelerate the global shift from fossil fuels to clean energy – “the cheapest source of new electricity in nearly every country.”

    The latest push came on Friday, in his remarks to the Energy Transition Roundtable in Belém, Brazil, held just days before the formal opening of the COP30 climate change conference.

    “The fossil fuel age is ending. Clean energy is rising. Let us make the transition fair, fast, and final,” he said. The UN chief told world leaders that “the global energy landscape is changing at lightning speed.”

    Green energy sources accounted for 90 per cent of new power capacity last year, while investment in them reached $2 trillion, or $800 billion more than fossil fuels.

    “The renewables revolution is here,” he said. “But we must go much faster – and ensure all nations share the benefits.”

    The international community must ensure a “just, orderly and equitable” transition from fossil fuels, triple renewable energy capacity and double energy efficiency by the end of the decade.

    However, countries are falling short.  Even if new national climate action plans are implemented, global temperature rise is still expected to exceed 2 degrees Celsius above the pre-industrial era.

    “That means more floods, more heat, more suffering – everywhere,” he warned.

    “To return below 1.5 degrees by century’s end, global emissions must fall by almost half by 2030, reach net zero by 2050, and go net negative afterwards.”

    The secretary-general outlined five areas for action, calling first for countries to “align laws, policies and incentives with a just energy transition; and eliminate fossil fuel subsidies that distort markets and lock us into the past.”

    Governments must “put people and equity at the centre of the transition” and support workers and communities who depend on oil, coal and gas for their living, including through training and new opportunities.

    This is particularly the case for young people and women. “Invest in grids, storage, and efficiency. Renewables are surging, infrastructure must catch up – fast,” he continued.

    As “technology must be part of the solution, not a new source of strain,” clean energy must power all new electricity demand “including from the data centres driving the AI revolution.”

    His final point stressed the need to “unlock finance at scale for developing countries,” noting that Africa receives just two per cent of global clean energy investment.

    “We must support developing countries to implement their commitment to transition away from fossil fuels: through stronger cooperation, investment and technology transfer – and calibrated to different capacities and dependencies,” he said. GTCO Falls, Investors Exit Position after Earnings Disappoint

    Clean ENERGY
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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