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.
Today, at COP28 World Leaders’ Summit, Japanese Prime Minister Fumio Kishida said that unabated coal-fired power plants should be addressed within the context of each country’s own pathway to net-zero. He also highlighted Japan’s support of the “Asia Zero Emission Community and said Japan will help increase the World Bank and ADB’s lending capacity by … Read More
As the U.S. government arrives in Dubai for the UNFCCC COP28 climate summit, frontline communities, youth, and civil society are planning to confront the Biden-Harris administration’s oil and gas expansion and urging a rapid fossil fuel phaseout.
In response to the World Meteorological Society Report, Romain Ioualelen, Oil Change International Global Policy Manager, said: “Record heat. Deadly floods. Toxic air. It has never been clearer that the world must stop burning fossil fuels if we want a safe, livable planet. And yet, the fossil fuel industry is pumping more and more gas … Read More
FOR IMMEDIATE RELEASE November 29, 2023 As the United Nations Climate Change Conference begins today, Oil Change International revealed the failure of Carbon Capture and Storage (CCS) in Carbon Capture’s Publicly Funded Failure. CCS has a 50 year track record of over-promising and under-delivering, and every investment in CCS provides a lifeline to the fossil … Read More
As the UN climate talks begin, fossil fuel phase out and an agreement to triple renewable energy and double energy efficiency are top of the agenda. To limit warming to 1.5°C, fossil fuel phase out targets established by the International Energy Agency and IPCC must be deployed alongside renewable energy and energy efficiency targets, which … Read More
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.
The Inflation Reduction Act and U.S. President Joe Biden’s policies fail to reduce fossil fuel production or alleviate impact on environmental justice communities, according to a new briefing by Oil Change International.