'Emergency mode': U.N. chief laments failed global governance

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U.N. chief Antonio Guterres, lamenting a failure of global governance, urged the world to go into emergency mode to tackle COVID-19, the climate crisis and global finance reform, put humanity at the center of technology and bring peace.

The secretary-general on Friday identified those as his priorities for 2022 in an address to the 193-member General Assembly as he began a second five-year term at the helm of the world body.Register now for FREE unlimited access to Reuters.com"All these challenges are, at heart, failures of global governance," he said. "From global health to digital technology, many of today's multilateral frameworks are outdated and no longer fit for purpose.

He branded the global financial system "morally bankrupt" because it "favours the rich and punishes the poor" and called for reform to support the needs of developing countries. He said an "avalanche of action" is needed to fight the climate crisis, including increased investment in renewable energy and no new coal plants and no expansion in oil and gas exploration.

 

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