At COP28, global leaders made a historic decision to transition away from fossil fuels, marking the first time such language was included in the final agreement. The focus shifted from climate finance to the role of fossil fuels in climate change, leading to an agreement on a just and equitable energy transition. Activists and vulnerable […]
Read More… from COP28 Climate Summit: Historic Fossil Fuel Transition and Climate Initiatives
The UN’s COP28 climate summit is set to overrun as nations struggle to reach a consensus on phasing out fossil fuels. The draft agreement, criticized by the US, EU, and climate-vulnerable countries, lacks a commitment to eliminate fossil fuel use. Major oil producers and China are resisting the change, while Pacific nations express dire concerns. […]
Read More… from COP28 Stalls on Fossil Fuel Phaseout Amid Global Disagreement
At COP28, banks, officials, and regulators supported efforts to restore the credibility of the voluntary carbon credit market, which has been damaged by allegations of unreliability. Certification bodies like Verra are aiming to align with new standards from the Integrity Council for Voluntary Carbon Markets to ensure authenticity and prevent double-counting. The US climate envoy […]
Read More… from Revitalizing the Voluntary Carbon Credit Market: COP28 Backs Credibility Measures
At #COP28, nations are discussing the ‘decision text’ which includes the possibility of agreeing to peak global emissions before 2025 and addresses fossil fuel reduction. Evidence suggests the power sector is on the brink of peaking, as the growth of wind and solar energy is meeting the majority of the increase in electricity demand, potentially […]
Beside all the details, here is a good, bit rough news summary of what the 7th day @ #Cop28 brought, beside Putins visit. The UN conference continues, as 2023 becomes the world’s hottest year on record…. “intentions won’t halve emissions”… Quelle: COP28: Tipping points, city plans and Putin’s visit to the UAE on day 7 […]
Denmark’s climate minister, Lars Aagaard, urged the European Union to increase its climate goals to a 90% reduction in greenhouse gas emissions by 2040. This announcement was made on X.com during the #COP28 climate talks in Dubai. Aagaard hopes other EU countries will follow Denmark’s lead, especially since the EU has already committed to a […]
Read More… from Denmark: EU goal must be 90% greenhouse reduction by 2040
The COP28 president, Sultan Al Jaber, who is also the UAE’s Minister of Industry and Advanced Technology and CEO of the Abu Dhabi National Oil Company (ADNOC), promotes blue ammonia as a low-carbon product. However, experts disagree with this characterisation. Blue ammonia is made by capturing CO2 emissions during the production of blue hydrogen, which […]
Read More… from Blue ammonia not as green as COP28 president suggests
At COP28, Japanese Prime Minister Fumio Kishida committed to reducing Japan’s coal dependency and achieving carbon neutrality by 2050. He announced plans to halt new coal plant construction without emission controls and to increase financial support for developing nations through international lenders. Kishida also pledged to work towards tripling global green power and to contribute […]
Read More… from Japan Commits to Coal Reduction and International Aid at COP28
At the COP28, European nations are pushing to phase out “unabated” fossil fuel use, advocating for carbon capture and storage (CCS) as part of the solution, while countries like Saudi Arabia support CCS as a key discussion point, potentially aiding an industry with only 41 active projects, mostly used for controversial enhanced oil recovery. Investor […]
Read More… from COP28: Growing Focus on Carbon Capture Investments
COP28 refers to the “28th Conference of the Parties to the United Nations Framework Convention on Climate Change” (UNFCCC). It is an annual summit that brings together representatives from the countries that have signed the UNFCCC to negotiate and discuss global climate policy, with the aim of mitigating climate change. COP28 is scheduled to take […]