South Korea and Turkey block landmark OECD deal to end fossil fuel subsidies
OECD members have failed to pass a landmark deal to end over $40 billion in public subsidies to fossil fuels.
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OECD members have failed to pass a landmark deal to end over $40 billion in public subsidies to fossil fuels.
This NDC is the first to acknowledge the need to phase out fossil fuels – yet it utterly fails to deliver.
This analysis provides the Biden administration with overwhelming legal, economic, and environmental justification to stop the unchecked expansion of LNG exports.
A group of scientists and concerned citizens dropped banners at the Washington DC Convention Center for the American Geophysical Union (AGU) annual conference where Lockheed Martin sponsors. Large banners draped over the main lobby read "Lockheed Bombs The Planet For Profit" and "No Science For Genocide." Lockheed Martin is a main sponsor of the conference that brings over 25,000 earth and space scientists and advocates together.
Norway, a major oil & gas-producing nation, fulfills Clean Energy Transition Partnership (CETP) pledge made a year ago at COP28 climate summit in Dubai Norwegian government institutions can no longer use government-backed finance to fund fossil fuel projects abroad Norway’s new policy boosts tomorrow’s OECD negotiations to strike ‘Trump-proof’ deal on ending export finance for oil and gas
Australia fulfills Clean Energy Transition Partnership (CETP) pledge made a year ago at COP28 climate summit in Dubai Australian government institutions can no longer use government-backed finance to fund fossil fuel projects abroad Australia’s new policy boosts next week’s OECD negotiations to strike ‘Trump-proof’ deal on ending export finance for oil and gas
The $300 billion climate finance offer at Baku is a scam — nowhere near what's needed and not debt-free. Rich countries are planning for fossil fuel phaseout failure and dodging responsibilities by forcing developing countries and the private sector to cover the bill. This creates a debt trap for those most vulnerable to the climate crisis. If rich countries put their hoarded trillions on the table instead of making excuses, we’d see real progress on fossil fuel phase-out. The US, EU, and UK show sickening indifference while millions pay with their lives. We will not give up.
COP29 stretches over its last official day in Baku, while yesterday's draft climate finance text falls dangerously short of what science and justice demand.
“This text is an absolute embarrassment. It’s the equivalent of governments handing the keys to the firetruck to the arsonists."
With time running out in Baku, negotiators must secure an agreement that delivers trillions yearly in public grants—not dangerous distractions that deepen inequalities.