Oil dependence is bad for the climate and the economy, UN chief tells COP31

AI Summary

At COP31 in Turkey, the UN chief said dependence on oil harms both the climate and the economy. The remarks highlight the tension between fossil fuels’ role in underpinning economic activity and the costs of climate damage and volatile energy prices.

The discourse on November 10, the second day of COP31 in Turkey, highlights a tension at the heart of the climate debate: fossil fuels underpin the global economy, but also hurt it through costly climate damage and often-volatile energy prices