COP29 Presidency Must Prioritize A Fossil Fuel Phase-Out With Fair Financing.

July 17, 2024By nicolePress Releases, Stop Funding Fossils 2 Comments

“The COP Presidency is centering the new climate finance target, the New Collective Quantified Goal (NCQG), in this year’s UN climate talks. To deliver on last year’s groundbreaking commitment to transition away from fossil fuels, rich countries must raise trillions of dollars to support climate action in developing countries. While the COP29 host recognizes the need for a significant financial increase, it fails to emphasize that it must be on fair terms to countries that need it most.”

Report confirms governments’ fossil fuel expansion plans would blow 1.5°C limit

November 8, 2023By nicoleGlobal Policy, Press Releases 2 Comments

Today the UN published the 2023 Production Gap Report, confirming governments’ plans to produce more than double the amount of fossil fuels in 2030 than is compatible with limiting warming to 1.5°C, despite climate promises. By 2050, planned fossil fuel production is projected to be 350% above levels consistent with the 1.5°C limit.Â