<p>UN Secretary-General Antonio Guterres said G20 leaders have the power to reset a climate crisis that is "spinning out of control" and urged them to reshape global financial rules which he described as outdated and unfair.</p>.<p>"The climate crisis is worsening dramatically – but the collective response is lacking in ambition, credibility, and urgency," Guterres said in a speech in New Delhi, capital city of India, which is chairing the G20 this weekend.</p>.Judge India’s G20 presidency on progress achieved.<p>Guterres asked the G20 to commit to keeping the "1.5 degree goal alive" - referring to the 2015 Paris Agreement goal of limiting the global average temperature rise to well below 2°C above pre-industrial levels, and aiming for 1.5°.</p>.<p>"I have put forward a Climate Solidarity Pact – in which big emitters make extra efforts to cut emissions; and wealthier countries support emerging economies to achieve this," Guterres said.</p>.<p>The plan urges developed countries to reach net-zero as close as possible to 2040, and emerging economies as close as possible to 2050, proposing a phase out of coal by 2030 in OECD countries and 2040 in all others.</p>.<p>"The climate crisis is spiralling out of control. But G20 countries are in control," he said.</p>.<p>"Together, G20 countries are responsible for 80 per cent of global emissions. Half-measures will not prevent full climate breakdown."</p>.<p>The UN chief also called on G20 leaders to ensure a stimulus of at least $500 billion per year towards meeting the Sustainable Development Goals.</p>.<p>An effective debt workout mechanism is needed to support payment suspensions, longer lending terms and lower rates on fairer terms for poorer countries, he said.</p>.<p>Calling the global financial architecture "outdated dysfunctional, and unfair," Guterres said it needed deep, structural reform. "And the same can be said of the United Nations Security Council."</p>
<p>UN Secretary-General Antonio Guterres said G20 leaders have the power to reset a climate crisis that is "spinning out of control" and urged them to reshape global financial rules which he described as outdated and unfair.</p>.<p>"The climate crisis is worsening dramatically – but the collective response is lacking in ambition, credibility, and urgency," Guterres said in a speech in New Delhi, capital city of India, which is chairing the G20 this weekend.</p>.Judge India’s G20 presidency on progress achieved.<p>Guterres asked the G20 to commit to keeping the "1.5 degree goal alive" - referring to the 2015 Paris Agreement goal of limiting the global average temperature rise to well below 2°C above pre-industrial levels, and aiming for 1.5°.</p>.<p>"I have put forward a Climate Solidarity Pact – in which big emitters make extra efforts to cut emissions; and wealthier countries support emerging economies to achieve this," Guterres said.</p>.<p>The plan urges developed countries to reach net-zero as close as possible to 2040, and emerging economies as close as possible to 2050, proposing a phase out of coal by 2030 in OECD countries and 2040 in all others.</p>.<p>"The climate crisis is spiralling out of control. But G20 countries are in control," he said.</p>.<p>"Together, G20 countries are responsible for 80 per cent of global emissions. Half-measures will not prevent full climate breakdown."</p>.<p>The UN chief also called on G20 leaders to ensure a stimulus of at least $500 billion per year towards meeting the Sustainable Development Goals.</p>.<p>An effective debt workout mechanism is needed to support payment suspensions, longer lending terms and lower rates on fairer terms for poorer countries, he said.</p>.<p>Calling the global financial architecture "outdated dysfunctional, and unfair," Guterres said it needed deep, structural reform. "And the same can be said of the United Nations Security Council."</p>