Oil-rich Gulf states’ fossil fuel strategy threatens COP28 climate action, experts warn

But “inevitable”, says Elgendy, “is a very calculative word”. In the name of energy market stability, fossil fuel giants including the United Arab Emirates, Saudi Arabia and the United States have argued for continued new investment in hydrocarbons ahead of the final transition. In October, Jaber said, “We cannot shut down today’s energy system before […]

Decline in climate funding shows action is being disrupted as needs grow: UN

The United Nations said on Thursday that international funding for climate resilience in developing countries has declined in 2021 despite rapidly increasing impacts, as Secretary-General Antonio Guterres warned that action is “stalling” despite the growing need to protect people. Has been. Many developing economies are least culpable for the greenhouse gases driving global warming, with […]

COP ‘Cooling Pledge’ pledges to reduce emissions by 68 percent by 2050

They contribute to emissions because of the electricity required to power technology such as ACs and fans, and because air conditioning and refrigeration generally rely on hydrofluorocarbons. These are short-lived but powerful pollutants that can have exponentially greater global warming effects than carbon dioxide. The United Nations has said there are already an estimated 3.6 […]