In a significant move towards addressing climate change, the World Bank, under President Ajay Banga, announced on Wednesday a substantial reduction in fossil fuel funding while defending its $170 million investment in natural gas as part of its climate strategy. The bank’s reforms could potentially boost its funding capacity to $150 billion over the next decade. However,...
Tag: renewableenergy
How climate change is forcing elephants and humans to share space
As northern Cameroon heats up, elephants are migrating in search of food and water and increasingly finding themselves in face-to-face to humans. On 24 May, a flutter of excitement spread through the sun-scorched city of Maroua in northern Cameroon. Earlier in the day, four elephants had become separated from their herd as they migrated from...
Abu Dhabi’s oil champion ADNOC bets on global expansion
The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state. Like Gulf neighbours Saudi Arabia and Qatar, the UAE wants to exploit its fossil fuel resources...
Al Gore Doesn’t Say I Told You So
There was always the possibility that Al Gore, after making the hideously painful decision to concede the contested 2000 Presidential election to George W. Bush, would have to live out the remainder of his life as both a tragic loser and a tragic hero—someone who stood down in the name of the orderly transition of...
UK government asks UAE for assurances over free speech at Cop28 summit
Statement at UN human rights council voices ‘disappointment’ after host country refuses to change restrictive laws. The UK has asked the United Arab Emirates, one of its closest Gulf allies, to explain how it will guarantee free speech around the UN Cop28 climate summit in Dubai after the country refused to change its restrictive laws. The...
Phase out or phase down? Fight over fossil fuels heats up in run-up to COP28
Fossil fuel use is set to be a key topic at the UN climate conference in Dubai – but tension is brewing. It’s two months until the UN’s Climate Change summit kicks off in Dubai and the fight over fossil fuels is already heating up. As leaders, officials and negotiators from more than 200 nations...
UAE’s president-designate for UN COP28 offers full-throated defense of nation hosting climate talks
UAE’s president-designate for UN COP28 offers full-throated defense of nation hosting climate talks. The Emirati president-designate for the upcoming United Nations COP28 climate conference offered a full-throated defense Saturday of his nation hosting the talks, dismissing those who “just go on the attack without knowing anything, without knowing who we are.” Climate activists roundly criticized Sultan...
Boycott COP28: ‘Holding a climate conference in Dubai is absurd and dangerous’
Boycott COP28: ‘Holding a climate conference in Dubai is absurd and dangerous’. The venue of the 28th edition COP (Conference of the Parties), set to begin on November 30 in Dubai, is a disastrous choice for the fight against climate disruption. We call on public authorities, NGOs, organizations, scientists and business leaders not to support...
Deep divisions over oil and gas industry role challenge UN climate talks
Deep divisions over how to combat global warming at the next climate summit were on display this week, as efforts to green the world’s energy system were challenged by oil and gas executives, and petrostates. As world leaders and top officials gathered in New York ahead of the UN COP28 climate summit in ten weeks,...
Climate Protesters March on New York, Calling for End to Fossil Fuels
Ahead of U.N. meetings this week, thousands gathered in Midtown to demand that President Biden and other world leaders stop new oil and gas drilling. Tens of thousands of people, young and old, filled the streets of Midtown Manhattan under blazing sunshine on Sunday to demand that world leaders quickly pivot away from fossil fuels...