Last week, I delivered my annual priorities speech to the General Assembly. I said that our world is facing a Pandora’s box of troubles. We face widening geopolitical divisions, rising inequalities, and an assault on human rights.

We see a multiplication of conflicts, some of which are leading to a re-shaping of different regions of the world — not least the Middle East. But we will never give up in calling for peace, but peace grounded in values of the UN Charter, international law — including international humanitarian law — and the principles of sovereignty, political independence and the territorial integrity of States.

Meanwhile, developing countries are in economic dire straits. Some are facing double-digit inflation rates — while interest payments in Africa are eating up 27 percent of all government revenues.

Today we face two new and profound threats that demand far more global attention and action because they threaten to upend life as we know it: the climate crisis and the ungoverned expansion of Artificial Intelligence.

First, climate chaos. I recently saw an analysis that exposed a grim irony: Thirteen of the world’s biggest ports for oil supertankers will be overwhelmed by rising sea levels. Rising seas, which are caused by rising temperatures. And rising temperatures, which are — overwhelmingly — caused by burning fossil fuels.

Our fossil fuel addiction is a Frankenstein monster, sparing nothing and no one. All around us, we see clear signs that the monster has become master. We just endured the hottest year and the hottest decade in history. 2024 is likely to be the first calendar year that pushed past 1.5 degrees above pre-industrial levels. Breaching this limit does not mean the long-term goal of keeping the rise in global temperature to 1.5 degrees is shot. It means we need to fight even harder to get on track. Especially when what we are seeing today — sea-level rise, heatwaves, floods, storms, droughts and wildfires — are just a preview of the horror movie to come.

At the same time, another far more hopeful story is unfolding. Cheap, plentiful energy provided by renewables is an extraordinary economic opportunity. One that will benefit people in every country. And one that will make the end of the fossil fuel age inevitable — no matter how hard vested interests try to stop it.

A number of financial institutions and industries are backtracking on climate commitments. Here at Davos, I want to say loudly and clearly: It is short-sighted. And paradoxically, it is selfish and also self-defeating. You are on the wrong side of history. You are on the wrong side of science. And you are on the wrong side of consumers who are looking for more sustainability, not less.

This warning certainly also applies to the fossil fuel industry and advertising, lobbying and PR companies who are aiding, abetting and greenwashing.

Global heating is racing forward — we cannot afford to move backward. Governments must keep their promise to produce new, economy-wide national climate action plans this year, well ahead of COP30 in Brazil.

Those plans must align with limiting the rise in global temperature to 1.5 degrees — including by accelerating the global energy transition.

We also need a surge in finance for climate action in developing countries, to adapt to global heating, slash emissions and seize the benefits of the renewables revolution.

We need to tackle high-capital costs that are leaving developing countries behind.

I also urge all businesses and financial institutions to create robust, accountable transition plans this year. These, too, must align with 1.5 degrees. And with the full recommendations of the United Nations High-Level Expert Group on Net Zero.

To the corporate leaders who remain committed to climate action — your leadership is needed now, more than ever. Do not back down. Stay on the right side of history. Now is the time to shift our collective efforts into overdrive, and make 2025 the biggest year yet for climate action.

The second area of existential concern is ungoverned Artificial Intelligence. Yes, AI holds untold promise for humanity. Revolutionizing learning. Advancing healthcare and diagnosing illnesses earlier. Supporting farmers with smarter tools to boost productivity. Clearing landmines. And better targeting aid in times of crisis.

These are real results — happening right now. But with this promise comes profound risk, especially if AI is left ungoverned. AI can be used as a tool of deception. It can disrupt economies and labor markets, undermine trust in institutions and have chilling effects on the battlefield. And AI could deepen inequalities by excluding those without the resources or tools to benefit from its promise.

Once again, collaboration is critical. The Global Digital Compact, adopted in September at the United Nations, offers a roadmap to harness the immense potential of digital technology and close digital divides. It also brings the world together around a shared vision for Artificial Intelligence — one where this technology serves humanity, not the other way around.

The Compact establishes the first universal agreement on the governance of AI that brings every country to the table. It includes the creation of an independent international scientific panel on AI, pulling expertise to bridge knowledge gaps and help every nation make the most informed AI policy decisions.

The Compact also calls for a periodic global dialogue on AI governance as an inclusive space for stakeholders to come together under the auspices of the United Nations.

It also foresees a network of capacity-building initiatives for developing countries, which have the most at stake as AI-driven systems grow and expand.

And we must collaborate so that all countries and people benefit from AI’s promise and potential to support development and social and economic progress for all. By investing in affordable internet, digital literacy, and the infrastructure that allows every country to harness AI’s potential. By helping developing countries use AI to grow small businesses, improve public services, and connect communities to new markets. And by placing human rights — always — at the center of AI-driven systems.

The United Nations is committed to leading this effort. We are working with governments, industry, and civil society to ensure that AI becomes a tool of opportunity, inclusion and progress for all people.

Ladies and gentlemen. Now is the time to wake up to these existential challenges — and face them head on. As a global community, we must live up to this great responsibility. And let’s do so by working as one, in collaboration.

Thank you, and I look forward to our discussion today.

(Excerpts of United Nations Secretary-General Antonio Guterres’ Special Address at the World Economic Forum in Davos, Switzerland on 22 January 2025.)