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Progress Possible at COP 28 Despite Fossil Fuel Industry Deception

Union of Concerned Scientists

Success at COP28 is likely to be measured by the inclusion of strong fossil fuel phaseout language, free from loopholes, in the final agreement. Global net anthropogenic greenhouse gas emissions 1990–2019. A staggering 99% of coal and 47% of natural gas are priced at less than half their actual cost.

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COP28: “The Methane COP”

Legal Planet

Until recently, few could have anticipated that methane, a GHG not even mentioned in the Paris Agreement, would be central to COP28’s most headline-grabbing announcements. Abating methane emissions from the oil and gas sector could be successfully achieved at a comparatively low cost.

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Even record renewable energy growth did not hamper the fossil fuel sector in 2022

A Greener Life

The President of the Energy Institute, a UK-based body, Juliet Davenport said : “Despite further strong growth in wind and solar in the power sector, overall global energy-related greenhouse gas emissions increased again. We are still heading in the opposite direction to that required by the Paris Agreement.”

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Pittsburgh 2030 District Announces Significant Progress In Reducing Carbon Emissions - 44.8% From Baseline; Savings Of $59.7 Million In Utility Costs

PA Environment Daily

C carbon budget set forth in the 2015 Paris Agreement, countries must reduce CO2 emissions in the entire [existing] built environment by 50-65% by 2030 and reach zero carbon by 2040. Carbon Emissions Emissions goals were set in response to urgent developments in climate science indicating that for the world to meet the 1.5°C

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More gas, more missing climate targets

Enviromental Defense

Several credible studies indicate that gas may be as bad for the climate as coal. This is due to the very high release of the potent greenhouse gas methane along the process. Methane is emitted in the fracking process, as well as in the production and transportation of liquified natural gas (LNG).

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Guest Essay: COP26 Shines A Light On The End Of Fossil Fuels

PA Environment Daily

degree C of warming by 2100 as opposed to the Paris Agreement aspiration of 1.5 This allows the world’s largest greenhouse gas emitter China and third largest India to continue chain-smoking coal to power their industrial machines. COP26 commitments have put our planetary fever on a path toward at least 2.4

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Banks Continue to Prop Up the Fossil Fuel Industry

Union of Concerned Scientists

Some of HSBC’s dealings were on behalf of Saudi Aramco, the world’s second-ranked company in Fortune’s Global 500 and often dubbed the world’s biggest polluter for being the largest corporate emitter of greenhouse gases. trillion into oil and gas development in the Global South in the seven years since the Paris Agreement was signed.