How the G20 Declaration Sets the Pace for Enhanced Climate Action at COP28 in December
The G20 summit in New Delhi has set the pace for enhanced climate action at COP28, as it refreshed its resolve to limit warming to 1.5 degrees Celsius as per the Paris Agreement. The high-profile event ended with a soft commitment from the world's largest emitters to triple their renewable energy capacity by 2030.
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Last month, a total of 78 oil and gas exploration licences were awarded in two countries. The United States had the largest volume of embodied emissions in the licences it awarded.
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December 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In November 2024, 23 oil and gas exploration licences were awarded across five countries, with Russia granting the licences that account for the largest portion of embodied emissions.