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Future of Renewable Energy in the World: Massive Growth Expected

IEA notes that almost all new clean energy capacity added in 2023 had lower generation costs than new coal and gas plants, and 75% of new solar and wind plants offered cheaper power than existing fossil fuel facilities.

Azerbaijan to Host COP29 in 2024: What to Expect

The initial signs are that COP29 might be yet another conference where fossil fuel producers act in concert to stall global progress. However, Azerbaijan has the unique opportunity to do what no previous conference host has: increase financing for the most vulnerable ones to the needed levels, accelerate the phaseout of coal and urge for more ambitious emissions reduction targets.

Renewable Energy Growth and Plunging Costs Make the COP28 Target Possible

While the world remains off track in reducing fossil fuel emissions and limiting temperature rise to 1.5°C, the momentum behind renewable energy technologies is aiding the shift towards a cleaner and more sustainable energy system. 

How COP28 Failed to Deliver on the Climate Crisis

Despite all the efforts to paint COP28's final text as a success, the result of the conference is a vague and non-binding agreement allowing the fossil fuel lobby to continue doing business as usual. All that while frontline communities stand at risk due to the climate crisis.

COP28 Loss and Damage Fund: A Historical Win or a Distraction From the Real Problem?

Climate-vulnerable nations experienced the hottest year on record in 2023. While they were looking towards COP28 with hope, despite all the efforts to brand the Loss and Damage Fund as a success, the unclear funding distribution and insufficient pledges are disappointing.

COP28 Outcomes: A Detailed Analysis And Future Implications

COP28 has ended with several major milestone commitments, yet many experts remain wary. Questions about accountability and financing remain.

Japanese Automakers’ EV Plans Under the Spotlight

Toyota Chairman Akio Toyoda has used a dip in global EV sales to justify his anti-EV stance. However, there's more behind the scenes. The legendary car maker has fallen behind its global EV rivals and is challenged by environmental groups for negatively influencing Paris-aligned climate policy.

COP28 Targets Tripling Global Renewable Energy Capacity

COP28 is underway, and the target to triple renewable energy capacity by 2030 is the main headline. For the plans not to end up as another empty promise, global leaders should work to establish the needed regulations, investments, mechanisms for equal distribution and adequate progress monitoring processes.

Trade Day at COP28: Climate Action with a Business Mindset

Trade plays an integral role in global decarbonisation. COP28 is the first COP to make trade a focal point of the conference, with a day focused on its discussion. The public and private sectors had several high-level discussions and made critical initial commitments.

COP28 Climate Finance Day Nets USD 12.5 Billion in Pledges

Day five of the COP28 summit in Dubai started shaky, as reports broke over summit president Sultan Al Jaber’s earlier anti-fossil fuel phaseout comments. However, by the end of the day, significant progress had been made regarding climate change funding, setting the pace with at least 40 different financial pledges.

The IEA’s World Energy Outlook 2023: Global and Asian Gas Demand to Peak by 2030

The International Energy Agency (IEA) reports that while clean energy adoption is accelerating rapidly, current policies will still push global warming to 2.4°C, far beyond the Paris Agreement's target. Global leaders must make COP28 count by pledging to achieve the IEA's five pillars for getting back on track.

Japan Puts the G7 Climate Leadership at Risk

The fight against climate change started in Kyoto in 1997, with Japan at the helm. 25 years later, instead of leading it, Japan is stalling, and time is slipping away. This is having consequences for the world and the rest of the G7.

Southeast Asia Prefers Renewables, But Misplaced Fears of High Costs Delay Adoption

Southeast Asia has immense clean energy potential, and experts estimate that capitalising on it will unlock massive gains. With renewables being the cheapest source of new power in countries comprising two-thirds of the global population and responsible for 90% of electricity generation, switching to renewables will help Southeast Asian countries ease the burden of fossil fuel subsidies on their economies.

COP28 Goals: Targeting a Climate-resilient Future

COP28 revolves around the themes of invigorating climate adaptation and finance, making the summit inclusive and supporting communities at the forefront of climate change impacts. COP28's goals support these ideas with targets for emissions reductions, developing stronger climate commitments, meeting previous obligations and placing agriculture at the centre of climate action. Meeting these goals will be a major milestone in the world's response to climate change.

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