Fossil Fuels

What You Need to Know.

  • The thematic focus of the day’s programming was on nature, land use, and ocean, including events on scaling effective solutions that protect, restore, and beneficially manage nature ecosystems, addressing drivers of nature loss, empowering Indigenous Peoples and local communities, and creating resilient livelihoods.  As part of this discussion, the United Nations Environment Program (UNEP) launched a report highlighting that nearly $7 trillion of public and private finance each year supports activities that directly harm nature—thirty times the amount spent annually on “nature-based solutions,” or actions to protect, conserve, restore, sustainably use, and manage natural resources that simultaneously provide human well-being, ecosystem, and resilience and biodiversity benefits.

Continue Reading COP28 Day 9 Recap: Nature, Land Use, Oceans, and Nature-Based Solutions

What You Need to Know.

  • The UNFCCC has released a draft text of the negotiated outcome of the first Global Stocktake under the Paris Agreement.  The draft text currently includes four options to address the question of “phasing out” versus “phasing down” the use of fossil fuels, with the strongest option’s wording being “[a] phase out of fossil fuels in line with best available science.”  Options with weaker wording would call on the Parties to the Paris Agreement to take action towards “phasing out unabated fossil fuels and to rapidly reducing their use so as to achieve net-zero CO2 in energy systems by or around mid-century.”

Continue Reading COP28 Day 8 Recap: Empowering Global Youth and a Look Towards Final Negotiations

What You Need to Know.

  • Two years ago, governments at COP26 agreed to “phase down” the use of unabated coal. This year, countries remain split on specific language concerning fossil fuels more broadly.
  • A draft version of the climate agreement for COP28 provides three different options for the future of fossil fuel use.  The first requires the parties of COP28 to commit to “an orderly and just phase out of fossil fuels,” while the second would instead commit to “accelerating efforts towards phasing out unabated fossil fuels and to rapidly reducing their use so as to achieve net-zero CO2 in energy systems by or around mid-century.”  The third option would contain no text on this point.  Saudi Arabia’s energy minister has already rejected any language that would phase out fossil fuels.  And at the same time, NGO reports have sharply criticized the outsized role of fossil fuel lobbyists at COP28, especially at a time when the stakes are high for the energy transition.  

Continue Reading COP28 Day 6 Recap: Draft Agreement Lays Out Options Concerning Potential “Phase Out” of Fossil Fuels

On November 15th, all eyes were on the G20 Summit where news that the meeting between Presidents Biden and Xi had been broadly positive–including instructions for officials to re-engage on climate change–along with the announcement of funding to help Indonesia move away from reliance on coal-fired energy, served as a welcome boost to the mood in Sharm.Continue Reading Highlights from COP 27: Energy Day

The day started with the gloomy release of the Global Carbon Project Report which concluded that 2022 was the highest ever emitting year, with increased coal use in India and increased airline use in the U.S. as the main culprits. UN projections are that global emissions must peak by 2025 and halve by 2030 if the world is to meet the 1.5 degree ambition agreed at the Paris COP in 2015 (emissions in 2022 are more than 5% higher than in 2015).Continue Reading Highlights from COP 27: Decarbonization Day

As expected, with the inauguration of President Trump all Obama Administration content on the White House website has been replaced with content of the new Administration. The new content includes “An America First Energy Plan”, the entire focus of which is national security and job creation benefits of the Administration’s “embrace” and promotion of