Ahead of the high-level ministerial dialogue on the new global climate finance target (NCQG) this week in Baku, climate experts urge rich countries to stop dragging their feet and support an agreement on at least $1 trillion annually in grants...
“The notion that New Zealand can both reopen oil and gas exploration and remain a member of the global initiative whose mission is to end it is preposterous. There is no doubt New Zealand will no longer qualify as a...
“If John Podesta and President Joe Biden are committed to doing everything possible to continue climate progress despite Donald Trump’s re-election, this moment demands a bold agenda that goes beyond locking in clean energy gains and takes real action toward...
“We fully support Brazil’s call for the COP process to discuss fossil fuel phaseout dates, with rich countries taking the lead, and hope this will be a central tenet of COP30."
Today, At COP29, in the OPEC and the Gas Exporting Countries Forum (GECF) pavilions, activists directly exposed and denounced the presence of the fossil fuel industry at COP29.
As COP29 enters its second week in Baku, a parallel opportunity for climate finance leadership emerges in Paris, where OECD governments will gather to negotiate an end to $41 billion in annual oil and gas export subsidies.
As climate finance negotiators push for a breakthrough in Baku during COP29's tenth day, the urgency for action has never been clearer—with 2024 on track to be the hottest year on record.
With the clock ticking in Baku, negotiators must secure an agreement that delivers at least $1 trillion yearly in public finance to support Global South countries in implementing climate solutions and a fair fossil fuel phaseout.
“This text is an absolute embarrassment. It’s the equivalent of governments handing the keys to the firetruck to the arsonists."
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.
