According to CoinMeta, United Nations Secretary-General António Guterres stated during the annual United Nations Climate Summit held in Antalya, Turkey, that the substantial profits gained by the energy industry due to global conflicts are "morally indefensible" and that additional taxes should be imposed on them to fund climate mitigation measures. He pointed out that nine major energy producers earned a total of $95 billion in profits last quarter, which is several times more than the funds available for addressing climate disasters, and called for these taxes to be used to alleviate the hardships of affected populations. Guterres emphasized that countries already have the mechanisms to tax such exorbitant profits, and that this depends on political decisions rather than technical issues.