Fossil fuel subsidies a sore point for OECD and IEA climate change hopes
The Organisation for Economic Co-operation and Development (OECD) and International Energy Agency (IEA) have warned nations against raising government support for fossil fuels in the face of rising energy prices or as a measure to address the economic fallout of the COVID-19 pandemic.
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When dignitaries from 196 countries converge in Montreal next week to rub shoulders and hash out a new global agreement to save nature, money will be on the agenda.
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The 27th Conference of Parties (COP27) to the United Nations Framework Convention on Climate Change in Sharm El-Sheikh, Egypt, began November 7, 2022. Here’s a look at what happened on day 10 of COP27 climate talks. The draft text for a cover decision is yet to be produced by the COP27 Presidency as of 7.30 am November 17, leading many to wonder how long discussions will continue to arrive at a consensus on the document once released. Just two days of the summit remain.
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July Edition | Carbon Minefields Oil and Gas Exploration Monitor
In June 2024, six governments issued 18 oil and gas exploration licences with embodied emissions of 14.7 MtCO2, led by Russia and China.