Who should pay for climate-related destruction will be a contentious topic at COP28, and a new analysis shows that "carbon majors" have offloaded trillions of dollars of harm to the public while raking in trillions of dollars of benefit for shareholders.
WASHINGTON (November 14, 2023) – Global efforts to limit warming to 1.5°C are failing across the board, with recent progress made on every indicator except electric passenger car sales lagging significantly behind the pace and scale that is necessary to address the climate crisis, according to the State of Climate Action 2023 report.
The latest report concludes that the proposed Beetaloo Basin project could produce greenhouse gas emissions equivalent to 11 per cent of Australia's 2021 emissions.