They folded after winning concessions from the government which will make producing coal and gas more expensive
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Governments will hold consultations on whether to call for a phase out of fossil fuels at the Cop28 climate talks in November
Antonio Guterres said leaders of the G20’s rich nations must aim for net zero “as close as possible” to 2040 while emerging nations should set 2050 targets
The process to create Canada’s first guide for green investiments has been accused of being undemocratic and extending the life of polluting fuels.
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They won’t reveal who is paying what or how it will be spent and one bank said their $1bn contribution is just something they’re “willing to consider”
Without climate finance from rich nations, “we are not going to comply with your climate change” said Bola Tinubu
The US will subsidise North American-made electric vehicles, sparking responses from other rich countries – but there are concerns on the effects on the developing world.
Negotiators will gather in Egypt at the end of March to discuss a fund for climate victims, whether the Asia-Pacific group has nominated its members or not
The Eskom boss said that a “senior government minister” said it was “pragmatic” to water down corruption safeguards in a $8.5bn international clean energy deal
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The Indian-American businessman is likely to become the bank’s next president, as the US traditionally chooses who leads the institution
India wants the World Bank to lend more money for climate finance, at cheaper rates, in developing countries and will use its G20 chair to push this agenda
While the EU and African countries push for production cuts, major nations like the US and Saudi Arabia focus instead on recycling and waste disposal
The bank plans to relax its lending rules to channel more money into projects tackling climate change – but officials pushing the reform say it is too timid
Lentz accused the European Union of helping protect fossil fuel investments but climate campaigners accused him of a “desperate attempt” to keep the EU in the treaty
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A new study has found that most energy transition models ask nations like China, India and South Africa to cut coal use twice as fast as developed countries ever did.
Jaber, who also heads the state oil giant Adnoc, fueled activists’ worries about fossil fuels in the upcoming UN climate negotiations.