Humanity Subsidizing 'Our Own Extinction,' Warns Study
Releasing a new study showing that world governments spend at least $1.8 trillion annually to subsidize activities which worsen the climate crisis, global subsidies experts on Thursday said leaders must eliminate or redirect the financial supports as part of an ambitious Global Biodiversity Framework at an upcoming summit in China.
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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.
COP27 diary (November 16): '$100 billion in climate finance more of gesture from rich countries'
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.