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Natasha Lutz, a researcher on climate change at the University of Oxford noted that “many of the nations who will be contributing to this fund have not yet pledged to phase-out fossilfuels; a step needed to prevent further climate damages from occurring.” ”
The findings underscore concerns over the role of the fossilfuel industry at the negotiations, known as COP27, which have become a focal point for deals to exploit African natural gas. These talks are supposed to be about moving us away from fossilfuels, phasing them out,” Sabido told DeSmog. Social license.
GLASGOW, SCOTLAND – Only two of the 35 stalls lauding countries’ green credentials at the COP26 UN climate summit mention the need to cut fossilfuel production — the chief cause of the carbon emissions driving climate change. . We urge all leaders to put people and the planet over the profit of the fossilfuel industry.”.
Yet 636 lobbyists for the fossilfuel industry are conspicuously present at this year’s crucial COP27 climate talks, according to an analysis of the delegates to COP27, compiled jointly by the NGOs Global Witness, Corporate Accountability, and Corporate Europe Observatory. So much for the “African COP.”
Maybe it was the offer of warm sun in December, but this year’s COP drew 100K attendees, almost double the size of COP15 in Paris. Climate tech played its biggest role ever at COP this year. The oil & gas COP. This was the COP of the climate and O&G juxtaposition. The greenwashing was unavoidable.
Global energy consumption reached a record peak of 620 Exjoules (EJ) in 2023, with fossilfuel consumption and energy sector emissions also hitting record highs, according to the Statistical Review of World Energy , published on 20 June by the Energy Institute, Kearney and KPMG.
Exclusive: Sultan Al Jaber says Adnoc has to meet demand for fossilfuels, and hails ‘unprecedented’ Cop deal The president of the Cop28 climate summit will continue with his oil company’s record investment in oil and gas production , despite coordinating a global deal to “transition away” from fossilfuels.
Oil and gas has dominated discussions at past COPs, which have focused on the need to cut greenhouse gas emissions from the energy and transport sectors to tackle dangerous levels of global warming. Big companies which have previously accessed COP in this way include JBS, which came in with the Brazilian delegation for COP27 in Egypt.
The headline commitment of COP28 was the pledge to transition away from fossilfuels. Many commentators also appeared to believe that the “UAE Consensus” – as the deal was dubbed – leaves plenty of scope to continue burning fossilfuels, while also being woefully short on the financial commitments required to realize its aims.
More than 1,700 oil, gas and coal lobbyists are registered attendees of this year’s international climate summit, currently underway in Baku, Azerbaijan, to try to persuade the world that the fossilfuel industry can be part of the climate solution. The PR companies that help them sell that message are not far behind.
The signs were pointing to a lukewarm Cop. Instead it turned out to be full of surprises – but is the final deal on fossilfuels just a ruse? Saudi Arabia, the blocker for 30 years of attempts to include fossilfuels in international climate agreements, was not going to stand in the way of this one.
The document sets out G7 countries' ambition to deliver near-zero carbon electricity grids by 2035, citing the need to respond to climate scientists' calls for a drastic reduction in fossilfuel demand so as to stabilise global temperatures. We also have the G7's first coal phase-out goal and endorsement of the Glasgow Breakthroughs.".
Fossilfuels get named and shamed. For the first time in 25 years of UN climate talks, coal and fossilfuel subsidies have been singled out in an official document. Here, we've picked out 10 key takeaways for business leaders from the Glasgow Climate Pact and COP26 Summit: 1.
As the United Nations’ COP 27 in Egypt approaches, Africa’s energy and climate transition is in the spotlight. The African continent has an opportunity to reduce its dependence on fossilfuels. Its main hurdle, however, is the need for.
Alok Sharma travels to South Africa this week to confirm fresh funding for major sustainable development programme that experts hope could provide template for further deals. of support in 2022-2023 through the UK's Partnering for Accelerated Climate Transitions (PACT) program.
These include the risk of weak offtaker finances leading to power purchase agreement renegotiations (as in South Africa and India) and rock-bottom auction prices (mostly in Gulf Cooperation Council countries) setting unrealistically low price expectations from governments in more challenging markets.
Part of the world’s largest series of energy sector events spread across North America, Europe, Australia, Africa & South East Asia, this even brings together over 200 exhibitors and 8000 qualified professionals from the entire value chain of the global power generation, transmission and distribution under one roof.
COP28 Climate Summit President Sultan Ahmed al Jaber has called for a tripling of clean energy generation by 2030 and a doubling of low-carbon hydrogen capacity by 2030, as he used his first address since being appointed to lead this year's global climate talks to promise a "COP of action". target within reach. "We
The Narrative of Fossil Nationalism Noting that “the same kind of rhetoric” was on display during the COP 27 climate summit in Egypt in 2022, King said related strategies include linking fossilfuel use to “human flourishing” and “human freedom” and ensuring that such language seems to emanate from citizen or grassroots entities.
Worse still, it has now emerged from new undercover reporting that Saudi Arabia is operating a so-called ‘Oil Sustainability Programme’ (OSP) designed to artificially increase demand for oil across Africa and Asia. Now the air pollution from burning fossilfuels alone is estimated to kill more than tobacco smoke.
It comprises 19 nations - Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States of America - and the European Union. The G20 also accounts for 75 per cent of global greenhouse gas emissions.
In mid-December, Vietnam will reveal its just energy transition partnership using public money to leverage private investment, following on from South Africa and Indonesia, and with a cab rank of other countries wanting something similar. That requires more and better diplomacy, not less. The relationship with India is critical.
Notably, the document makes the case for businesses having a much more significant role at future COPs, through the introduction of corporate determined contributions (CDCs) that would mirror the nationally determined contributions (NDCs) that parties signed up to the Paris Agreement must produce every five years.
In his first major speech since the close of UN Climate Summit this afternoon, Sharma is to urge countries to meet the various climate commitments they made last autumn, as he sets out the priorities for the UK's COP Presidency year, which runs until the start of the COP27 Climate Summit in Egypt next November.
Farming will be front and centre at this year’s COP. The North American Meat Institute will host a side event at the US COP pavilion on December 11, the summit’s Agriculture Day, for example. We need the animal agriculture equivalent of ‘keep it in the ground’ for fossilfuels,” she adds. “It’s
But group of petrostates resist calls to phase down fossilfuels and accelerate decarbonisation efforts. Mohamed Adow, director of think tank Power Shift Africa said the achievement came after three decades of appeals for help from climate impacted nations. "To The phasedown of all fossilfuels is not in this text.
These announcements may generate headlines but assessing their true worth is hugely difficult, especially at speed during a COP meeting. The UK's COP Presidency's assessment of the opening few days of the Summit stressed that the event had so far demonstrated that world leaders had "sent a clear signal that COP26 must keep 1.5C
At COP26 an $8.5bn agreement just transition deal was brokered between South Africa and a host of industrialised economy governments. Sharma is hoping further such deals could be announced at COP27 with other large emerging economies, but significant financial backing is required to enable such transition programmes.
The first few days of COP have ushered in a wave of major announcements and funding pledges. Near-term commitments include 6 GW of clean energy in India alongside considerations for wind and solar in Africa and rural electrification in Latin America. Happy Monday! And happy COPing to those on the ground in Dubai!
The appeals underscored how for many nations, the success of the Sharm El Sheikh Summit depends on its ability to deliver real progress towards the launch of a dedicated funding mechanism for Loss and Damage, after the contentious issue made it on to a COP agenda for the first time this year.
As such, the COP Presidency should presumably welcome mounting calls for a new era of public-private cooperation on the financial packages that can help developing and emerging economies wean themselves off fossilfuels.
The first full negotiating texts are still not expected until later this evening, or potentially even tomorrow, according to Egypt's COP Presidency. But we are hoping that everyone will rise to the occasion by the end of COP, and realise that while the national interest is very important, something greater than that is at stake.
pathway, the new fund did highlight renewed international collaboration and prove that the COP process can work to find consensus. No one leaving this year's COP can deny that collaboration is key to finding solutions to tackle the climate crisis. International collaboration. Business engagement. Knowledge sharing.
Another COP is coming - the 27th United Nations Climate Change Conference. In addition, there is growing dismay, and anger in many quarters, that the unmet promises of past COPs, especially in providing finance to those that are suffering loss and damage from climate change, are going to make COP27 even more challenging.
From Loss and Damage and just transitions to rows over fossilfuel phase outs and carbon markets, we take a look at some of the key lessons for businesses from COP27. Like the World Cup that kicked off within hours of the gavel coming down in Sharm El Sheikh, COPs provide a regular temperature check for global geopolitics.
EU energy emissions fall, Rwanda gets its first mini-grid, and Brazil preps a COP bid. The report confirms "demand for fossilfuels is falling due to high prices and strong wind and solar output, contrary to fears of a resurgence due to the energy crisis". Brazil to offer to host future COP.
Sean Gallup/Getty Images Tens of thousands of negotiators, activists, and corporate execs have descended upon Dubai to wrangle over the future of fossilfuels. The future of fossilfuels Let’s start with some backstory on COP28. Greenhouse gas emissions come from extracting and burning fossilfuels, of course.
He called for a "Climate Solidarity Pact" between richer and poorer nations geared towards helping climate vulnerable countries ramp up renewable energy capacity and end dependence on fossilfuels, with a particular onus on stopping new coal plants being built. Progress on LEAF.
UN Secretary General and COP Presidency warn progress on funding for addressing climate-related damage is critical to success of pivotal climate talks kicking off this Sunday. That is the best guarantee for this COP process to survive and achieve its objective.".
Do the next best thing and read our COP reflections. Last COP featured the conference’s first nuclear-themed pavilion, and this year boasted eight. Fuel shortages, rising energy costs and carbon commitments are driving renewed enthusiasm. For now, the swirl of COP nuclear activity represents a dip of the toe.
alive or this will be the COP where we lose 1.5C," he said. You need to work out how you want future generations to look upon this COP and each of us individually as countries. goal, arguing that "every fraction of a degree matters". We'll either leave Egypt having kept 1.5C It is really up to us to decide.".
"Other governments now need to isolate the Saudi delegation if they want this COP to succeed for everyone, not just fossilfuel interests.". The largest national delegation is Brazil, which has brought 479 representatives to COP26.
Meanwhile, the huge clean tech buying signals from coalitions of large corporates focused on electric vehicles, green steel, renewables, green shipping, and sustainable aviation fuels, all point to how these markets could quickly reach tipping points that trigger the rapid adoption that obliterates fossilfuel demand.
These fertilizers are produced from fossilfuel feedstocks and have a significant climate impact, emitting greenhouse gasses at each stage of their life cycle. These agribusiness interests have had a notable presence at previous UN COP summits, and COP27 is no exception.
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