fossil

UN agrees climate fund for poorer countries but backs down on end to fossil fuels

by

The UN climate summit has agreed to establish a historic loss and damage fund for poorer countries after working beyond sunrise in Egypt on Sunday, but backed down on greater cuts to greenhouse gas emissions and an end to fossil fuel use. A breakthrough was achieved with a fund to cover the “loss and damage” … Read more

COP27 draft text omits India’s proposal of phasing down all fossil fuels

by

A demonstrator lies on the ground while participating in a protest against fossil fuels at the COP27 U. N. Climate Summit on November 11, 2022, in Sharm el-Sheikh, Egypt | Photo Credit: AP The United Nations published a first draft of the climate deal on Thursday and it doesn’t mention a phase down of all … Read more

NEF Latest: Forrest Says Quit Fossil Fuels; Hillhouse on Economy

by

Breadcrumb Trail Links PMN Business The rapid downfall of crypto exchange FTX, distrust of big data and the future of the world economy were all key issues on the second day of the Bloomberg New Economy Forum in Singapore. Author of the article: Bloomberg News Bloomberg News Publishing date: Nov 15, 2022  •  31 minutes ago … Read more

India’s call for phase-down of all fossil fuels gets EU support

by

INDIA’S CALL for a phase-down of all fossil fuels, and not just coal which was singled out in the decisions of the Glasgow conference last year, is getting support from some key quarters, including from European Union, for inclusion in the main decisions that will be agreed here. India had, on Saturday, proposed that the … Read more

Fossil fuel producers flex their muscle at UN climate summit

by

© Saudi Royal Palace/AFP/Getty Images This year’s UN climate summit is marked by being the first to invite oil and gas companies to participate in the official programme of events at COP27 in Egypt, where Saudi Arabia says it does not see the effort to limit global warming as being “a discussion about fossil fuels”. … Read more

‘Not just coal’: India bats for phase-down of all fossil fuels at COP27

by

Moving proactively to counter the pressure on coal that is likely to come its way again, India cited the latest IPCC reports to emphasise that meeting the 1.5 or 2 degree Celsius temperature targets requires the phase-down of all fossil fuels and not just coal. At the same time, it called out the duplicity of … Read more

Morning Digest | Situation on LAC stable but unpredictable, says Army chief; India seeks COP27 deal to ‘phase down’ all fossil fuels, and more

by

Situation on LAC stable but unpredictable: Army chief The situation along the Line of Actual Control (LAC) with China in eastern Ladakh is “stable but unpredictable”, Army chief General Manoj Pande said on Saturday. He said five of the seven friction points had been resolved and the focus was now on the remaining two. He said there … Read more

COP27 | Leaders push for climate action, fossil tax at U.N. talks

by

Delegates at the climate summit in Egypt are expected to focus on financing issues on November 9, 2022. Delegates at the climate summit in Egypt are expected to focus on financing issues on November 9, 2022. World leaders are making the case for tougher action to tackle global warming on November 8, 2022, as this … Read more

Germany’s Scholz warns against fossil fuel ‘renaissance’

by

Germany has been squeezed hard as Russian energy imports have dwindled and prices have risen following the outbreak of the war in Ukraine Germany has been squeezed hard as Russian energy imports have dwindled and prices have risen following the outbreak of the war in Ukraine German Chancellor Olaf Scholz on Monday urged COP27 participants … Read more