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G20 still paying billions in fossil fuel subsidies

A Greener Life

Subsidies reached new highs in 2021, even before Russia’s invasion of Ukraine, a Climate Transparency analysis finds. The G20 group of nations provided nearly US$200 billion in support of fossil fuels in 2021, despite the worsening impacts of the climate crisis and their pledge in 2009 to phase out “inefficient” subsidies.

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Climate Change, Danger Seasons and the Need for Global Action

Union of Concerned Scientists

Wildfires have broken out in Siberia , which is one of the fastest warming parts of the world and where hotter, drier conditions have fueled record-breaking fire seasons including in 2021. Danger season, together with ongoing slow-moving disasters like sea level rise, is pushing people and ecosystems to their limits in many places.

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War in Ukraine and the Climate Crisis Are Connected: Our Future Depends on Solutions that Address Both

Union of Concerned Scientists

Earlier this month the International Energy Agency (IEA) released data showing that global carbon dioxide (CO 2 ) emissions hit an all-time high in 2021, rebounding sharply from the 2020 decline caused by COVID-19 related economic slump. It’s clear we cannot continue to live this way, it will destroy our civilization.”. Syria (with 6.8

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The ‘Year of Climate’ in International Courts

Legal Planet

degrees Celsius (the stretch goal in the Paris Agreement of keeping the world’s average surface temperature to no more than 1.5 degrees Celsius above pre-Industrial levels by 2100) within reach or, at the very least, to reset the parameters within which ongoing political negotiations are conducted.

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Taking Stock Ahead of UN Climate Conference: Five Things to Watch for at COP28 in Dubai

Union of Concerned Scientists

The UN NDC Synthesis Report , which finds that if countries implement their current emission reduction pledges, or nationally determined contributions (NDCs) under the Paris Agreement, global emissions will increase approximately 8.8% above 2010 levels, instead of the sharp downward trajectory we need. billion in 2021.

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Loss and Damage

Legal Planet

Even before adoption of the 1992 Framework Convention, the Alliance of Small Island States (AOSIS) had proposed an “International Insurance Pool” to pay vulnerable countries based on observed sea level rise. In the 2015 Paris Agreement , Article 8 acknowledged the importance of L&D and the accompanying decision 1/CP.21

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ESG Disclosures for Financial Institutions

Arnold Porter

Over the last several years the market has seen the increase of environmental, social and governance (ESG) disclosures by public companies occur in fits and starts in reaction to pressures from a variety of constituents, including some of the largest institutional investors.