Features
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.
IEA: Urgent and Joint Action Needed To Keep the 1.5°C Target Alive
The IEA's latest report is clear: global leaders either take urgent and collective action now or miss the 1.5°C target.
COP28 Agenda: Blueprint for Inclusive Global Climate Action
COP28 will focus on the first Paris Agreement Global Stocktake and will use the moment to realign national commitments towards limiting warming to 1.5°C. The meeting's agenda primarily aims to reduce emissions, increase renewable energy capacity, develop the financial system to support this goal and make climate action inclusive to all stakeholders.
COP28 President and the UAE’s Lacklustre History on Climate Action
The United Arab Emirates is hosting COP28. The country's economy heavily depends on fossil fuels, and its choice for COP28 president has a long history in the industry. Will this impact the conference?
Taxation in Japan Jeopardises its Solar Sector
Japan has been grappling with how to decrease its disproportionate carbon emissions relative to its population of only 123 million people. Part of that solution includes developing solar power. However, there's a growing movement in more than 200 Japanese municipalities to levy prohibitive taxes on new solar power projects.
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