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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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'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. It just shows that this UN process can achieve results, and that the world can recognise the plight of the vulnerable must not be treated as a political football.". The phasedown of all fossil fuels is not in this text.

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'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.

COP 55
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'Nothing short of critical': Fraught G20 climate talks intensify pressure for progress ahead of COP26

Business Green

G20 agrees to submit enhanced Paris Agreement plans ahead of COP26, but fails to agree coal power and fossil fuel subsidy phase outs. Under the Paris Agreement, signatories are expected to ramp up their national climate pledges every five years in order to help limit temperature rise to 1.5C

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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.

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Petersberg Climate Dialogue: Green Covid-19 recovery set to top agenda at global summit

Business Green

The two-day Petersberg Climate Dialogue has long been a key event in the annual climate calendar, with environment ministers from around 30 countries typically coming together to thrash out priorities and preparations for the following United Nations COP climate summit.

COP 89
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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. There has been movement but I would be exaggerating if I said it was matching exactly what the political statements are," said Aboulmagd.