Articles
Climate Finance at COP27: All Talk and Lack of Action
Climate finance for loss and damage, adaptation and mitigation is a central discussion at COP27. Developing nations continue to call for more financing, and developed nations are yet to make substantial pledges. However, some proposals, like the Bridgetown Agenda, appear to be gaining support.
South Africa’s ‘Just Energy Transition Partnership’: Lessons For Asian Countries
The South African JETP marks a groundbreaking moment for global energy financing. It has set the stage for a new climate-progress model that can unite developed and developing countries, as well as public and private financiers, on the path towards a just energy transition.
Renewable Energy Progress of Microsoft, Google and Apple
The tech sector should be at the forefront of the battle against climate change. Yet, only a handful of companies are doing enough. Currently, all except Apple are neglecting their supply chain emissions.
COP27 Finance Day: Expectations and Outcomes
COP27's Finance Day didn't exactly provide many reasons for excitement. It ended with more promises than actual progress, showing a lack of solidarity with vulnerable nations, especially from the world's biggest polluters.
Climate Change Hypocrisy at COP27
Climate Action Tracker analysis shows that 70% of gas projects – under construction, approved or proposed – are in North America. The US is also falling $32bn short of its ‘fair share’ of the $100bn target, says Carbon Brief. Still, expect Biden to major on his $370bn IRA climate deal. The big question ahead of his bilateral with Xi Jinping on 14 Nov is will the US-China climate talks escape the deep-freeze?
COP27: Nine New Countries Sign Up for Global Offshore Wind Alliance at Sharm-El-Sheikh
At the COP27 in Sharm El-Sheikh, nine new countries, including Belgium, Colombia, Germany, Ireland, Japan, the Netherlands, Norway, the UK, and the US, join The Global Offshore Wind Alliance (GOWA), pledging to a rapid ramp up of offshore wind to tackle the climate and energy security crises. The global alliance will play a major role in transforming targets into action, closing the renewable energy implementation gap while tackling economic, energy security and climate challenges.
COP27 Finance Day: It Disappoints as Pledges Hard to Come By
Pledges at Finance Day of COP27 remained thin on the ground with a lack of collective spirit between countries. Also underwhelming was the joint update on the Paris alignment by MDBs, which lacked any mention of fossil fuel phase-out.
COP27: Should You Worry about Climate Change Adaptation?
Pakistan’s floods have taken a truly devastating toll – around 1,700 people have lost their lives, more than 33 million have been displaced and economic damage is estimated at $40 billion. The most vulnerable countries are on the frontline of climate change, with weak existing infrastructure and poverty compounding the impacts of extreme weather. The world has a great range of potential solutions in its adaptation toolbox. Early warning systems, nature-based solutions and future-proofed infrastructure can be combined to create a more resilient world. The missing element is the political will to raise the sums needed to help developing countries tackle this.
COP27: K-Pop Fans Call on Global Leaders to Take Bolder Climate Action
In line with COP27’s youth day, fan-driven climate platform KPOP4PLANET has revealed new data showing that K-pop fans worldwide had reduced up to 28,000 tons of CO2 from the Earth by planting 113,824 trees over the past ten years.
G20 Nations Are Committing Billions More to Fossil Fuels – Price of Oil Report
The deadline for the end of global public fossil fuel financing is quickly approaching. Yet, many G20 countries and leading MDBs and DFIs continue pouring billions into coal, oil and gas, widely ignoring renewables. The COP27 and G20 meetings will give financiers a stage to explain why.
COP27: What are Global Leaders Saying at the UN Climate Summit 2022?
UN Secretary-General Guterres calls out on the fossil fuel sector in at COP27 Finance Day, saying that "using bogus net-zero pledges to cover up massive fossil fuel expansion is reprehensible."
Types of Hydrogen: The Good, The Bad, and The Ugly
There are three main types of hydrogen that are categorised based on the production method and type of energy input.
COP27: Leaders Call For Rapid Climate Finance
In a year when $100bn has been mobilised to help Ukraine defend itself from Russia’s attack, the lack of climate and development finance will seem galling to many in the developing world. UN Secretary General Guterres is calling for a "climate solidarity pact" and urging G20 leaders to agree to debt-swaps or similar mechanisms for middle-income countries battling the high costs of climate impacts.
