India, July 23 -- Fossil fuels are on the verge of "running out of the road" and the world is on the cusp of a new clean energy era, Antonio Guterres, UN secretary-general said on Tuesday in a special address. Guterres highlighted that this transition is being seen in India among other leading economies.

"Now, we are on the cusp of a new era. Fossil fuels are running out of road. The sun is rising in a clean energy age," Guterres said in a special address at UN Headquarters in New York. He cited surging clean energy investment and plunging solar and wind costs that now outcompete fossil fuels.

He said this while calling on all countries to upgrade their nationally determined contributions (NDCs) ahead of COP30 in Brazil. "Ahead of COP30...