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class="col-md-12 xs-hidden"> </section> </div> <div class="row body-container"> <section class="col-sm-9"> <a id="main-content"></a> <section class="region region-content"> <section id="block-system-main" class="block block-system clearfix"> <div id="node-260396" class="statement node node-sg-speech node-full clearfix" about="/sg/en/content/sg/speeches/2021-10-29/remarks-the-media-the-g20-%28rome%29" typeof="sioc:Item foaf:Document">  <div class="row"> <section class="col-md-12 xs-hidden"> </section> </div> <h4 class="field field-name-field-city-location"> Rome </h4> <h4 class="date-display-single"> <span property="dc:date" datatype="xsd:dateTime" content="2021-10-29T00:00:00-04:00" class="date-display-single">29 October 2021</span> </h4> <h2>Opening remarks to the media at the G20 (Rome)</h2> <h4 class="field field-name-field_statement_of"> António Guterres </h4> <div class="content"> <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Ladies and gentlemen of the media, Buongiorno. <br /> <br /> We are at a pivotal moment for our planet. <br /> <br /> On the eve of COP26 in Glasgow, all roads to success go through Rome. <br /> <br /> But let’s be clear — there is a serious risk that Glasgow will not deliver. <br /> <br /> Several recent climate announcements might leave the impression of a rosier picture. <br /> <br /> Unfortunately, this is an illusion. <br /> <br /> The current Nationally Determined Contributions — formal commitments by governments — still condemn the world to a calamitous 2.7 degree increase. <br /> <br /> Even if recent pledges were clear and credible — and there are serious questions about some of them — we are still careening towards climate catastrophe. <br /> <br /> Under the best-case scenario, temperatures will still rise well above two degrees. <br /> <br /> That is a disaster. <br /> <br /> If we want real success — and not just a mirage — we need more ambition and more action. </p> <p>That will only be possible with a massive mobilization of political will. And that requires trust among the key actors. <br /> <br /> Today, trust is in short supply. There are serious questions of credibility. <br /> <br /> We see dangerous levels of mistrust among the big powers. Among members of the G20. Between developed and developing countries — including emerging economies. <br /> <br /> The most important objective of this G20 summit must be to re-establish trust — by tackling the main sources of mistrust — rooted in injustices, inequalities and geo-political divisions. <br /> <br /> My appeal to the G20 is for decisive steps to bridge the trust gap on three fronts. <br /> <br /> First, vaccine inequality. <br /> <br /> I have long been pushing the G20 to lead a global vaccination plan to reach everyone, everywhere. <br /> <br /> That plan did not materialize — largely because of geo-political divides. <br /> <br /> Global coordinated action has taken a backseat to vaccine hoarding and vaccine nationalism. <br /> <br /> People in the richest countries are getting third doses of vaccine, while only 5 per cent of Africans are fully vaccinated. <br /> <br /> Last month, I joined the World Health Organization in launching a new Global Vaccination Strategy with an aim of getting vaccines into the arms of 40 per cent of people in all countries by the end of this year — and 70 per cent by mid-2022. <br /> <br /> I urge G20 countries to fully support this Strategy and to coordinate their actions for success. <br /> <br /> That is the only way to end the pandemic for everyone, everywhere. <br /> <br /> Second, the vast disparity in resources for pandemic recovery is eroding trust. <br /> <br /> Advanced economies are investing nearly 28 per cent of their Gross Domestic Product into economic recovery. <br /> <br /> For middle-income countries, that number falls to 6.5 per cent. <br /> <br /> For the Least Developed Countries, it’s less than two per cent – of a much smaller amount. <br /> <br /> The International Monetary Fund (IMF) projects that over the next five years, cumulative economic growth per capita in Sub-Saharan Africa will be 75 per cent less than the rest of the world. <br /> <br /> The recovery is amplifying inequalities. This is immoral. <br /> <br /> The IMF recently issued $650 billion in Special Drawing Rights. <br /> <br /> But this support largely goes to the countries that need them least since the SDRs are distributed according to quotas — an injustice in itself. <br /> <br /> That’s why I have been calling for a substantial — not symbolic — re-allocation of unused SDRs to vulnerable countries that need them, including middle-income countries. <br /> <br /> The G20 has a key role to guarantee it. The G20 taken some steps in relation to debt for developing countries. But far more is needed. <br /> <br /> I urge the G20 to extend the Debt Service Suspension Initiative into next year and make it available to highly indebted vulnerable and middle-income countries that request it. </p> <p>Building on the Common Framework on Debt Treatments, we also need a mechanism for debt relief that actually works and is available to all in need and we are a long way from it. Countries should not be forced to choose between servicing their debt or serving their people. <br /> <br /> Third, trust is being undermined by a lack of climate ambition on mitigation, adaptation and finance. <br /> <br /> We need greater ambition on mitigation to get us on a credible pathway to 1.5 degree Celsius — a target that science tells us is the only sustainable future for our world. <br /> <br /> This requires concrete action now to reduce global emissions by 45 per cent by 2030. G20 countries have a particular responsibility to keep the 1.5 degree goal alive, as they represent around 80 per cent of emissions. <br /> <br /> According to the principle of common but differentiated responsibilities in light of national circumstances, developed countries must lead the effort. <br /> <br /> But given the present situation, emerging economies, too, must go the extra mile to achieve effective global emissions reductions in this decade. <br /> <br /> We need maximum ambition, from all countries on all fronts. <br /> <br /> Ambition on adaptation means donors — including multilateral development banks — allocating at least half of their climate finance towards adaptation and resilience. <br /> <br /> They are far from it. <br /> <br /> The G20 must lead a strong impulse for this to be possible. <br /> <br /> Ambition on climate finance includes making good on the commitment to provide $100 billion each year to developing countries. <br /> <br /> I welcome efforts led by Canada and Germany to help get us there. <br /> <br /> It is a first step — but it delays the largest support for years, without clear guarantees. <br /> <br /> Unfortunately, the message to developing countries is essentially this: The check is in the mail. <br /> <br /> On all our climate goals, we have miles to go. And we must pick up the pace. <br /> <br /> Scientists are clear on the facts. <br /> <br /> Leaders must be as clear in their actions. <br /> <br /> Glasgow can be a turning point towards a safer, greener world for our children and grandchildren. </p> <p>It is not too late. <br /> <br /> But we must act now. <br /> <br /> I urge the G20 to show the solidarity that people want and our world desperately needs — and this begins by rebuilding trust and credibility, first of all, among their members. </p> <p>Thank you. </p> </div></div></div> </div> <div id="footer-tags"> <ul class="footer-tags-list"> <li class="footer-tag-item"> <a href="/sg/en/regions/europe" typeof="skos:Concept" property="rdfs:label skos:prefLabel">Europe</a> </li> <li class="field-tag"> <a href="/sg/en/countries/italy" typeof="skos:Concept" property="rdfs:label skos:prefLabel">Italy</a> </li> <li class="field-tag"> <a href="/sg/en/sg-speech-topics/climate-change" typeof="skos:Concept" property="rdfs:label 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