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U.N. Chief Declares U.S. Missing Out on Vital Economic Shift to Renewables

António Guterres emphasizes urgent transition from fossil fuels to renewable energy, citing missed opportunities in a speech at the U.N.

By Max BearakSource: nytimes.com1 min read
U.N. Chief Declares U.S. Missing Out on Vital Economic Shift to Renewables
Image via nytimes.com

In brief

In a significant address, U.N. Secretary-General António Guterres stressed that the U.S. is squandering the 'greatest economic opportunity of the century' due to policies favoring fossil fuels over renewable energy.

The United Nations Secretary-General António Guterres delivered a hopeful speech on Tuesday that centered on climate change and the urgent need for a transition to renewable energy. He portrayed this transition as "unstoppable," backed by compelling economic data. However, he criticized the United States, highlighting that President Trump's withdrawal from international climate agreements and efforts to undermine domestic clean energy initiatives have placed the country—and those that align with its policies—at a significant disadvantage.Guterres warned that the U.S. and similar nations are "missing the greatest economic opportunity of the 21st century." He noted the "clear market distortion" caused by policies that favor fossil fuel subsidies, which are currently outpacing investments in renewable energy at a striking nine-to-one ratio. Despite these setbacks, Guterres expressed optimism about the eventual success of renewables, stating, "we have passed the point of no return."While opinions may vary on energy policies, Guterres remains firm in his conviction that economic forces will ultimately drive a shift towards cleaner energy solutions. His key advice was straightforward: “Just follow the money.”

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