Read the latest insights and analysis from the experts at Oil Change International.
COP29 concluded this past weekend with a deeply flawed agreement on climate finance that plans for fossil fuel phaseout failure and has been carefully crafted by rich countries to dodge their responsibilities to pay the climate debt they owe to the Global South.
The first week of the UN climate negotiations just wrapped up in Azerbaijan. Our team on the ground has been working hard to push back against industry spin and pressure rich countries to pay up. Here are the highlights.
Our new analysis shows many governments and finance models overstate the role the private sector can play in financing a just energy transition. This is coming to a head with the deadline for a new climate finance goal (NCQG) at COP29, where rich countries are using this outdated myth to try to get off the hook to pay their fair share for climate action.
There is universal condemnation today on the breaking news that the United Arab Emirates has appointed a veteran oil industry insider to preside over the upcoming UN climate talks that will happen later this year in Dubai. "By appointing an oil sultan as COP28 President, the UAE takes the prize for global trust breaker in a climate crisis.”
“Of course, when the clock strikes midnight to turn to January 1, 2021, the world won’t instantly be cured of either COVID or our fossil fuel addiction. But, nevertheless, as we look towards 2021, there is hope on the horizon."
