Story perspectives

UN Chief Demands $1.3 Trillion Climate Funding, Africa Overlooked

6/24/2026

Summary

Story summary

António Guterres called for dramatically higher climate financing at London Climate Action Week on June 23, 2026.
He noted that Africa supplies 60% of best solar resources, 30% of critical minerals, yet receives only 2% of clean-energy investment.
He urged wealthy nations to honor the $300 billion pledge and mobilize $1.3 trillion annually by 2035.
He called on multilateral development banks, whose lending capacity rose by $600-$800 billion, to fund infrastructure and climate-adaptation projects.

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Story summary

António Guterres called for dramatically higher climate financing at London Climate Action Week on June 23, 2026.
He noted that Africa supplies 60% of best solar resources, 30% of critical minerals, yet receives only 2% of clean-energy investment.
He urged wealthy nations to honor the $300 billion pledge and mobilize $1.3 trillion annually by 2035.
He called on multilateral development banks, whose lending capacity rose by $600-$800 billion, to fund infrastructure and climate-adaptation projects.