The head of the United Nations called on governments around the world to tax these “excess profits” and use the proceeds to “support the most vulnerable people in these difficult times.”
The official recalled that the combined profits of the largest global energy companies came close to in the first quarter of this year to 100,000 million dollars and that the business of this sector has a “massive cost” in environmental effects.
Guterres expressed himself in this way during the presentation of a third report prepared by UN experts on the global impact of the war in Ukraine and which, on this occasion, focuses mainly on the field of energy.
The document stressed that the world is in the midst of a “major energy crisis”, with countries around the world affected by high and volatile fuel prices and an especially serious impact on developing nations and the most vulnerable families. Despite a recent stabilization in wholesale markets, the UN points out that this change has not translated into lower inflation for most consumers.
In addition to short-term measures such as energy saving plans, the organization once again demanded a much more determined commitment to renewable energies, which, according to Guterres, “in most cases are cheaper than fossil fuels.” “Governments must expand and diversify the supply chains of raw materials and renewable energy technologies,” the Portuguese asked.
“They should remove bureaucratic red tape to (measures of) energy transition and changing subsidies to fossil fuels to support vulnerable households and boost investments in renewable energy,” he added. Facing that energy transition, Guterres called for more public and private investment.
Source: Ambito
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