UN Secretary-General Antonio Guterres has called on countries to end financing the coal industry to deliver a sustainable future after the pandemic.Coal has no place in the Covid-19 reconstruction plan," he said Thursday via video link during an online summit organized by the International Energy Agency (IEA).The summit features 40 government ministers from countries around the world, accounting for 80% of global energy consumption and emissions. The aim is to formulate a global emissions reduction plan while boosting economic recovery after COVID-19.

Guterres praised the slotxo government for its commitment to the green restoration plan, citing the European Union, South Korea, Nigeria and Canada.But he said many others had missed the point.Some countries use stimulus plans to drive oil and gas companies that are already in financial trouble. Others choose to start coal-fired power plants that are not financially or environmentally reasonable."
He added that new research on the recovery packages in the G20 countries shows that the recovery money is twice as much for fossil fuels as it does for clean energy.

The blueprint released by the IEA in June calls for the government to invest $ 3 trillion to restore the environment.It said the failure to do so now will jeopardize the 2008 global financial crisis, when governments fail to focus on climate-stimulating spending, bringing CO2 emissions back together. What the IEA describes as the largest increase ever recorded
Guterres said while the nations were "Trillions of taxpayers' money is spent on recovery strategies," they have to invest in a more sustainable future.

We can invest in fossil fuels where markets are volatile and emissions lead to serious air pollution, or we can invest in renewable energy that is reliable, clean and economically smart," he said.At the summit, Zhang Jinhua, director of the National Energy Administration of China, said the country, which accounts for more than 50 percent of global coal consumption, is now committed to the development of the clean energy sector.IEA Executive Director Fatih Birol he was "deeply moved" by the Chinese response. He added that the summit, which has more than half a million online viewers, proves there is a broad desire to change.There is a global drive for creating sustainable economic recovery processes and a drive for the clean energy transition," he said.