Matteo Civillini
Saudi Arabia, Russia push for more World Bank money into carbon capture
At a meeting discussing the World Bank’s stronger focus on climate, Russia has also urged the lender to extend its support for gas projects.
Green hydrogen rush risks energy ‘cannibalisation’ in Africa, analysts say
The EU signed green hydrogen agreements with Egypt, Kazakhstan, Morocco and Namibia to supply the bloc with the gas ahead of its 2030 goals.
OECD reforms set to give “green” projects better export finance
OECD countries agree to extend support for ‘climate-friendly’ projects. But vague definitions and inclusion of contested activities worry campaigners.
Cyclone Freddy prompts pleas for urgency on loss and damage finance
The first talks on how to set up a loss and damage fund were held this week. In the meantime, disaster-torn countries like Malawi appeal for urgent support.
Revealed: How Shell cashed in on dubious carbon offsets from Chinese rice paddies
Shell’s rice farming offset projects are under review. Climate Home found them riddled with accounting loopholes and questionable integrity claims.
IPCC highlights rich nations’ failure to help developing world adapt to climate change
Scientists say funding needs to increase ‘many-fold’ in order to reach climate goals and protect communities disproportionately affected by global warming
Chinese coal boom a ‘direct threat’ to 1.5C goal, analysts warn
Energy security fears prompted Beijing to rapidly accelerate coal power plans last year, raising concerns about the country’s impact on greenhouse gas emissions
Vietnam’s energy transition deal is a ‘black box’, partner warns
A Vietnam government partner suggested that even Hanoi is unaware of the details of the energy transition package
High Seas Treaty exempts deep-sea mining from stricter environmental rules
Despite the setback campaigners hope countries will be emboldened to protect marine ecosystems as they negotiate seabed mining rules
UAE minister calls for “phase out” of oil and gas
Attempts to get governments to agree to “phase out” fossil fuels were unsuccesful at Cop26 and Cop27 and that battle is likely to be re-fought at Cop28
Corporations push “insetting” as new offsetting but report claims it is even worse
More companies claim that supply-chain carbon removal is the way forward. But a new report raises concern over the credibility and transparency of insetting.
World Bank chief to step down early after climate controversy
Last year, the World Bank’s president David Malpass refused to accept the scientific consensus on global warming, leading to calls for the US government to push him out