The president of COP28 had consistently stressed his intention to supercharge climate action. Even as it signals progress, the UAE Consensus hass loopholes that allow oil and gas exporters the space to continue operations, observers said. Countries agreed that "transitional fuels," a euphemism for gas, "can play a role in facilitating the energy transition while ensuring energy security." This free pass for the expansion of gas production is a particular blow, given that the associated methane leakage could make gas "even worse" than coal, an expert said.
The COP28 meeting ended with about 200 nations agreeing to “transition away from fossil fuels in energy systems” — the first time they have made that pledge — to meet the goal of net zero emissions by 2050.
The world as we know it is undergoing continuous change, and this is not necessarily a positive development. The Red List of Threatened Species compiled by the International Union for Conservation of Nature (IUCN) and recently updated highlights the consequences of global warming on biodiversity worldwide, as well as the effects of conservation efforts.
An array of climate funds promise to help poorer countries either stop climate change or adapt to its consequences. But what do they actually cover, and why is it all so contentious?
Wealthy nations that promised climate finance for vulnerable countries conceded on Monday that an annual $100-billion goal, due to be met from 2020, will not be reached until 2023, which campaigners warned could thwart progress at upcoming U.N. talks.
'Symbol of trust': Progress on finance key to climate talks eenews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eenews.net Daily Mail and Mail on Sunday newspapers.
Delivery plan unveiled by UK COP26 Presidency concedes key $100bn target will not be met this or next, sparking fierce criticism of richer nations on the eve of Glasgow Summit