UN climate chief links fossil fuel prices to inflation as Cop31 opens
· 50-word read
In 50 words
The UN's Cop31 climate talks opened on 9 Nov in Antalya, Turkey. UN climate chief Simon Stiell said high fossil fuel prices are spreading inflation worldwide. Host Turkey and Australia are promoting a goal to raise electricity's share of final energy use from one-fifth to one-third within ten years.
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Why it matters
The source says the fuel price shock raised petrol prices around the world by 50%, hitting households and slowing growth. The talks could set a new global electrification goal.
What's next
A global leaders summit is scheduled for Wednesday and Thursday (11 and 12 Nov), within the two-week talks.
Key dates
- 9 NovCop31 opens in Antalya, Turkey, with delegates from almost 200 countries.
- 11-12 NovGlobal leaders summit scheduled (Wednesday and Thursday), with at least 95 heads of state expected.
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Sources
- The GuardianRead the original article →
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