Today, close to 500 organizations and 140 leading economists are calling on parties gathered for the latest round of climate negotiations to address fossil fuel production and financing in order to ensure success in meeting goals enshrined in the Paris Climate Agreement.
High level officials from Pacific Islands have called for a reining in of fossil fuel production in order to stay within the climate limits agreed to in Paris. They were joined in their call by civil society, indigenous, and academic voices. These calls echo the asks of the Lofoten Declaration, which affirms that it is the urgent responsibility and moral obligation of wealthy fossil fuel producers to lead in these efforts.
Instead of funding clean energy solutions, G20 governments and multilateral development banks still overwhelmingly fund the problem, averaging nearly $72 billion per year in public finance for fossil fuels compared to less than $19 billion per year for renewable energy.
There’s a battle taking place over how we think our energy future will unfold. And tomorrow, the organization that arguably holds a near monopoly over how most decision-makers perceive this future – the International Energy Agency (IEA) – will release its latest volley.
Germany is falling far short of true climate leadership – our new report details why it must end coal production swiftly with a just transition and stop funding fossil fuels aboard.
America First? Trump just put America Last in the coming clean energy economy. So ends the so-called ‘American century’ of leadership. The decision to withdraw from the Paris Climate Agreement will go down in history as one of the most short-sighted, destructive, and malicious decisions of any American President ever.
Outgoing US Secretary of State John Kerry used his speech at the UN COP climate talks in Marrakesh to lay down the gauntlet to incoming President Donald Trump on climate change.
A handful of wealthy countries are still funding fossil fuels instead of climate action, giving 3.6 times more public money to prop up fossil fuels than they’re giving to developing countries to address climate change.
The climate science is clear: to limit global warming to well below 2 degrees, world leaders must immediately end public support to fossil fuels, end expansion of fossil fuel development, and begin a managed decline of the fossil fuel industry with a just transition to renewable energy.
In the end, after two weeks of tortuous and exhausting negotiations in Paris, the UN agreement on climate reached on Saturday has been hailed as “historic, durable and ambitious”.