Remove 2025 Remove COP Remove Fossil fuels Remove Packaging
article thumbnail

'1.5 degrees will slip from our grasp': COP26 President Alok Sharma urges countries to deliver on Glasgow Climate Pact

Business Green

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. temperature goal.

COP 58
article thumbnail

'Climate action is finally coming home on African soil': COP27 closes with historic deal on climate Loss and Damage

Business Green

But group of petrostates resist calls to phase down fossil fuels and accelerate decarbonisation efforts. The so-called High Ambition Coalition of nations argued the draft text should include a commitment to phase down all fossil fuels and clearer commitments to accelerate the roll out of renewables.

Soil 48
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What business needs from COP26 to deliver on global climate goals

Business Green

The decisions included in the Glasgow Package will have a major impact on the global economic recovery, jobs and business growth opportunities. Businesses have a stake in the COP outcomes for three main reasons - let me explain. What do businesses want to see from the governments that's being discussed at COP? ºC pathway.

COP 41
article thumbnail

'Denial and delusion': Green groups slam government refusal to rule out new North Sea oil and gas exploration

Business Green

But Ministers insist end to financial support for overseas fossil fuel energy projects, £16bn transition plan for North Sea, and climate compatibility test for new projects can put UK on track to net zero emissions. We will not leave oil and gas workers behind in the United Kingdom's irreversible shift away from fossil fuels.

article thumbnail

COP27: Summit edges towards deal on Loss and Damage, but tensions remain

Business Green

If approved, the package would be widely regarded as a major breakthrough that could deliver significant new funding for the most climate vulnerable nations. as the key target for the Paris Agreement and reiterates last year's promise to deliver a "phasing down" of unabated coal power and a "phasing out" of inefficient fossil fuel subsidies.

article thumbnail

COP27: Climate talks in race against time as Egypt sketches out rough agreement

Business Green

Documents released this morning strongly suggest significant dividing lines remain on a raft of key issues, including climate finance and adaptation funding, loss and damage, carbon markets, language around the phasing down of fossil fuels, and much more besides. The whole package works together cohesively, or it doesn't at all.".

article thumbnail

'Our final offer': EU proposes Loss and Damage compromise to break deadlocked COP27 negotiations

Business Green

Speaking to journalists this morning, Timmermans said it would back the package on the condition that countries committed to ambitious emissions mitigation programme. We will insist on this: if this proposal by the EU on the [loss and damage] fund is to be accepted, [it will be a] package deal with a serious, serious plan on mitigation.