Welcome to Finance Day. The UN Climate Talks are heating up, and not without controversy. Between COP28 President Al Jaber’s science denying statements, the US’ flawed methane plan, and more, things are off to a rocky start. Here’s what the Oil Change International team will be doing today at the UN climate talks.
As the UN climate talks are well underway, fossil fuel phase out and an agreement to triple renewable energy and double energy efficiency are top of the agenda. Today, ahead of finance day, transforming public finance institutions to free up billions of dollars that are available to pay for the just transition is also entering the conversation – as 200+ civil society groups today call on world leaders to use COP28 to overhaul global monetary, trade, tax, and debt rules, as well as international financial institutions like the World Bank and International Monetary Fund.
Today 222 civil society groups from 55 countries sent an open letter calling on world leaders to transform international public finance to tackle climate change and deliver a just energy transition.
Minutes ago, Norway joined a major international initiative to end international public finance for fossil fuels today at COP28, called the Clean Energy Transition Partnership.
As we head towards UN Climate Talks in Dubai starting next week, this media advisory outlines our expectations, themes we’ll be covering, upcoming data and briefings, and more.
Two weeks prior to COP28, a coalition led by 350.org and Oil Change International, comprising over 100 organizations, express grave concerns in an open letter regarding the energy strategy outlined by the COP28 president in two recent communications.
Today the UN published the 2023 Production Gap Report, confirming governments’ plans to produce more than double the amount of fossil fuels in 2030 than is compatible with limiting warming to 1.5°C, despite climate promises. By 2050, planned fossil fuel production is projected to be 350% above levels consistent with the 1.5°C limit.
As countries conclude preliminary talks in Abu Dhabi ahead of the UAE-hosted COP28 climate summit, an agreement to phase out fossil fuels has taken center stage as a key expected outcome.
Over 250 organizations from 30 countries call on governments to support fellow OECD members’ efforts to end oil and gas export finance at OECD meeting on 6 November 2023.
Yesterday night European Union (EU) environment ministers agreed on their negotiation position for COP28, the UN climate conference starting at the end of November in Dubai – and ambiguity on abatement technologies risks undermining negotiation success.