What Makes Business Leaders Influential in 2025?
01/22/2025
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With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
November 09, 2022: -On Tuesday, Tuvalu’s South Pacific Island nation urged countries at the COP27 climate conference to allocate a global treaty to areas out the use of fossil energies.
The less-lying country, which shows an existential threat from rising sea levels, is the initial to make like call at the U.N.’s flagship climate conference.
“The warming seas are beginning to swallow our lands inch by inch. But then, the addiction to oil, gas, and coal cannot drop our dreams less than the waves,” Tuvalu Prime Minister Kausea Nagano said.
“We unite with a hundred Nobel Peace Prize and thousands of scientists worldwide and leaders to join the Fossil Fuel Non-Proliferation Treaty to take care of a just transition away from fossil fuels.”
Tuvalu is following in the footsteps of its Pacific neighbors, which makes the call for a fossil fuel non-proliferation treaty. In September, Vanuatu called for establishing such a mechanism at the U.N. General Assembly.
Only a handful of small nations are endorsing the initiative to date. The fossil fuel industry has sought to underline the importance of energy security in changing renewables.
On Tuesday, the statement arrives at a growing momentum for calls to end fossil fuel production all over the globe. The European Parliament, the Vatican, and the WHO have supported the proposal in recent months.
Oil and gas giants, therefore, have reported record profits during high living costs and a cost-of-living crisis.
On Monday, U.N. Secretary-General Antonio Guterres, known for all governments taxing the “windfall profits” of fossil fuel firms and redirecting the money to people who struggles with increasing food and energy costs and to countries going through the loss and damage is causing by the climate crisis.
“Vanuatu and Tuvalu are the initial countries to call for a recent Treaty as a partner to the Paris Agreement to support oil, gas, and coal production with a worldwide carbon budget,” Tzeporah Berman, chair of the Fossil Fuel Treaty Initiative, stated.
“We will look behind on this in history as the moment to reckon with overproduction that locks in further emissions and holds us back from bending the curve,” Berman added.
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