Negotiations in Sharm el-Sheikh (finally) ended Sunday morning local time, with COP27 delegates applauding the creation of a loss and damage fund, while also worrying the talks had not done enough to cut fossil fuel use and reduce the pollution causing already-devastating climate impacts around the world. In a culmination of a 30-year campaign, a […]
Unveiled at COP27, the U.S. has announced a carbon trading market that it hopes will encourage companies to purchase carbon credits, with the resulting funds to be used toward investing in clean energy projects.
More than 30 media organizations in more than 20 countries have come together with a simple but daring proposal: world leaders should tax big fossil fuel companies to help the most vulnerable nations respond to the climate crisis. The editorial, spearheaded by The Guardian, was published in conjunction with the COP27 UN climate conference in […]
The more than 600 fossil fuel lobbyists at the COP27 UN climate conference in Sharm el-Sheikh, Egypt, include Russian oligarchs and companies that have been sanctioned in response to the country’s invasion of Ukraine. The Russian delegation as a whole has 33 members with ties to the fossil fuel industry, the second most of any […]
The U.S., Germany and the EU, and Egypt announced a deal Friday in which Egypt will eschew burning 5 GW of methane gas in exchange for a $500 million finance package enabling the country to build 10 GW of renewable energy generation capacity. Though not touted in the announcement, the deal will also likely result […]
Russia’s war on Ukraine has cast a shadow over this year’s United Nations climate summit in Sharm el-Sheikh, Egypt, where officials from around the world are discussing the costs of climate change and how to cut emissions that remain near record highs.
President Biden, speaking at COP27 Friday, will announce additional efforts to crack down on methane pollution from the oil and gas industry. The new rule, supplementing leak detection and monitoring requirements unveiled at COP26, covers wells emitting less than 3 tons of methane per year and requires drillers to address third-party leak reports. Multiple studies have […]
At last year’s COP26 UN climate conference in Glasgow, there were more representatives from the fossil fuel industry, at more than 500, than from any individual country. At this year’s climate talks in Sharm el-Sheikh, Egypt, that number has increased by more than 25 percent. An analysis from Corporate Accountability, Corporate Europe Observatory and Global […]
In the late 1960s, when the nations of the world were concerned about the spread of a potentially civilization-ending technology, they came together and signed the Treaty on the Non-Proliferation of Nuclear Weapons. Now, in the face of a civilization-threatening climate crisis, a vulnerable island nation wants to do the same thing for the fossil […]