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£3.3 trillion fossil fuels subsidies by G20 countries since Paris Climate Agreement

Low Impact

We have to stop burning fossil fuels and leave them in the ground. It looks as though, in a corporate-dominated, growth economy, no fossil fuels are going to be left unburnt. Recently, Bloomberg NEF and Bloomberg Philanthropies produced a report on the scale and impact of global fossil fuel subsidies.

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COP26 sparks surge in carbon price, slide in coal shares

Business Green

Separately, Bloomberg reported that fossil fuel producers are also seeing a spike in the cost of capital driven in large part by international climate policy efforts. Climate activists will undoubtedly frame COP26 as failing on coal (and fossil fuels)," Cowen analyst John Miller told Reuters. "We

Carbon 69
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Big Meat and Dairy Delegates Triple at COP28

DeSmogBlog

With greater scrutiny over emissions from meat and dairy companies, it is not surprising they are stepping up their game to head off any COP outcome that might hinder their operations,” Ben Lilliston, from the Institute for Agriculture and Trade Policy told DeSmog. Meat isn’t the only industry under the spotlight.

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Taking the positives from COP26

Business Green

Meanwhile, the huge clean tech buying signals from coalitions of large corporates focused on electric vehicles, green steel, renewables, green shipping, and sustainable aviation fuels, all point to how these markets could quickly reach tipping points that trigger the rapid adoption that obliterates fossil fuel demand.

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What business needs from COP26 to deliver on global climate goals

Business Green

Sophie Punte from the We Mean Business Coalition sets out the top demands from business leaders at the Glasgow Climate Summit. The decisions included in the Glasgow Package will have a major impact on the global economic recovery, jobs and business growth opportunities. This is because business is demanding clearer policies.

COP 38
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'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.

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'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.