Category: Climate finance

UK accused of ‘moving goalposts’ on climate finance commitments

Watchdog says ministers reclassified £1.7bn of existing aid but may still miss promises to poorer countriesMinisters have been accused of “moving the goalposts” to meet the UK’s international climate...

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Cop28 live: draft text receives mixed reactions after calling for ‘transition away’ from fossil fuels

The organisers of the Dubai summit have been working on a new version of the global stocktake after the first draft met with strong criticismWe are shortly expecting a plenary to take place. The plenary sessions are the...

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Cop28 live: talks expected to extend beyond official summit end after ‘insufficient’ draft text

New draft text released by presidency omits reference to phase out of ‘fossil fuels’Tuesday morning at Cop28 and we’re back in a waiting game. Heads of delegation met until the early hours, mostly expressing...

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New global stocktake text includes fossil fuels but avoids ‘phase-out’ language – Cop28 live

Fossil fuel production and consumption will be reduced by 2050 in line with scientific advice, according to new draft agreementThe UN secretary general, António Guterres, has been speaking to reporters at Cop28,...

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Cop28 live: scientists warn of catastrophic climate tipping points as summit continues

Sixth day of Cop28 comes as new report says threats to humanity drawing closer as carbon pollution heats the planet to ever more dangerous levelsCountries negotiating at Cop28 must not fall into the trap of point scoring and...

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‘The science compels: phase out fossil fuels,’ says Mary Robinson in first response to Cop28 row – live

Former president of Republic of Ireland makes first comments since Sultan Al Jaber told her a fossil fuel phase out could mean ‘going back into caves’Global carbon emissions from fossil fuels to hit record highAlok...

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Al Jaber says comments claiming there is ‘no science’ behind demands for phase-out of fossil fuels were ‘misinterpreted’ – Cop28 live

Cop28 president and oil chief says phase-down and phase-out of fossil fuels is essential and says his comments were misrepresentedCop28 president says there is ‘no science’ behind demands for phase-out of fossil...

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Cop28: backlash after president claims ‘no science’ behind fossil fuel phase-out – live

Summit negotiations continue in wake of Sultan Al Jaber’s claim there is ‘no science’ indicating a phase-out of fossil fuels is needed to restrict global heating to 1.5CCop28 president says there is ‘no...

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Former world leaders seek $25bn levy on oil states’ revenues to pay for climate damage

Gordon Brown leads those signing letter to Cop28 and G20 presidents calling for levy to help fill ‘loss and damage’ fundThe bumper revenues of oil-producing states should be subject to a $25bn levy to help pay for...

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Definitions changing in UK’s bid to meet climate finance target

Andrew Mitchell, the development minister, said ‘clarifications’ would more accurately reflect spendingThe UK is making a series of changes to definitions as a way to meet its target to spend £11.6bn over five...

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