Remove COP Remove Fossil fuels Remove Investment Remove Packaging
article thumbnail

Liz Truss Book Calls for Climate Laws to be Abolished and Boasts of Effort to Cancel UK COP Summit

DeSmogBlog

The Inflation Reduction Act is a $369 billion package of grants and subsidies by the U.S. government to spur green technology investment. Truss writes that “we should cancel” the United Nations annual COP climate summit, and falsely claims that electric vehicles are worse for the environment than those powered by fossil fuels. “In

COP 124
article thumbnail

£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.

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

'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

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.

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. They are already investing in decarbonisation. ºC pathway. ºC.

COP 39
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 45
article thumbnail

COP27: EU and Turkey enhance 2030 goals, as climate negotiations edge forward

Business Green

The first full negotiating texts are still not expected until later this evening, or potentially even tomorrow, according to Egypt's COP Presidency. But we are hoping that everyone will rise to the occasion by the end of COP, and realise that while the national interest is very important, something greater than that is at stake.