At the start of the second week of the COP, the impression is that the more faltering the negotiations, the wilder the rumor mill. On Monday, it was reported that the G20 summit would see major developments in the transparency of climate finance flows and the expansion of the donor base. And with regard to […]
The USA has provided over eleven billion US dollars for international climate financing in 2024. This was announced by the US administration ahead of the G20 summit in Rio de Janeiro. This makes the USA the world’s largest bilateral donor, according to a government statement. In 2021, US spending on climate financing amounted to $1.5 […]
At the start of the second and decisive week of negotiations, COP29 has made little progress and still has a lot of difficult tasks ahead of it. The final plenary session on Saturday night showed that many areas were not resolved but postponed to the Bonn Interim Conference in June 2025.The ball is now in […]
The first major countries such as the USA, Brazil, the UK, Saudi Arabia and the United Arab Emirates have joined a COP presidency initiative to increase global energy storage sixfold by 2030. They also want to build or modernize around 80 million kilometers of electricity grids by 2040. Fatih Birol, Chairman of the International Energy […]
Companies and governments are ignoring almost all UN reports on methane leaks. This is the result of a new UN report. The UN Environment Program has notified governments and companies of more than 1,200 methane leaks in the oil and gas sector detected by satellite data. However, governments and oil and gas companies have only […]
At COP29, negotiators are struggling to find possible pieces of the puzzle for a solution to climate finance. The official negotiations have started in earnest, but are proceeding very slowly and are behind schedule. Sweden provided a positive sign. A new climate fund announced by the COP host was postponed – while a new report […]
At COP29, after the photo ops and speeches by the heads of government, the actual negotiations on the new global climate finance target NCQG started. The responsible negotiators presented a new text to the delegations on Wednesday. In the evening, however, the proposal was returned to the negotiators with a request to streamline it – […]
At yesterday’s “COP29 Summit on Methane and Non-CO2 GHGs”, only small progress was made in the fight against global methane emissions. The results in detail:
Renewable energies are still replacing fossil fuels too slowly in the energy mix, according to the World Energy Transitions Outlook published yesterday by the International Renewable Energy Agency (IRENA). With the current national plans and targets for the expansion of renewables, the goal of tripling renewables by 2030 can only be achieved by half, according […]
Just a few days before the climate conference, a high-ranking COP official from the host country is still making the “many gas fields” in Azerbaijan “that are to be developed” attractive to investors. The country wants to increase its gas production by 30 percent over the next decade and double its exports to Europe by […]