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...While it is not a signatory to the letter, a senior state department official said the US maintained there should be an immediate halt to the permitting of new, unabated coal developments....
...The AIIB is also in discussions with the Asian Development Bank and Inter-American Development Bank about similar projects, AIIB president Jin Liqun told the Financial Times....
...Fossil fuel projects received $33.5bn a year on average compared with $4.7bn for clean energy development, it found....
...In addition to carbon standards, the EPA also announced rules for coal ash management and toxic metal and water pollution from coal plants....
...Green activists will be yelling about the grotesque parody of having a huge fossil fuel producer, the United Arab Emirates, as COP host: Sultan al-Jaber, COP president, also runs Adnoc, the state-owned oil...
...The most recent COPs have been marked by a new development: an explosion in their size....
...“Coal continues to play a key role in India’s economic growth and development.”...
...But the recent surge in coal power development put China’s 2025 climate targets at risk, said Qi Qin, an analyst at the Centre for Research on Energy and Clean Air....
...And as Ajay Banga, the World Bank Group president, told a Bloomberg conference on Sunday, all the world’s multilateral development banks, governments and philanthropies put together “don’t have that kind...
...It is the kind of show that simultaneously takes shortcuts yet over-explains every development, straining credulity while demonstrating little imagination....
...Second, because coal power plant approvals are taken at provincial level, local governments push ahead with coal power developments to ensure continued economic growth....
...Unlike solar photovoltaic, wind and battery costs, CCS costs have not come down significantly over the past decade — and the pace of CCS development falls short of that needed to meet even the limited role...
...We need to see the development of new mechanisms, including targeting industries reaping huge profits from climate change. We cannot afford to press pause on action, or to have a “bad COP”....
...What does it mean for people employed by the coal sector? All of those are open questions.”...
...Todd Stern was Barack Obama’s climate envoy and the chief US negotiator at the 2015 COP climate conference that delivered the Paris Agreement....
...Yet the COP28 climate conference in Dubai has delivered a historic and unmistakable message that the global energy system must move away from the use of coal, oil and gas....
...“If action does not overtake inertia in the [multilateral development banks], people across the world will be paying the cost in lives and livelihoods.”...
...US climate envoy John Kerry opened his address to the plenary of the pre-COP talks in Abu Dhabi on Monday by focusing on a call for the end of coal, on which economic rival China relies, according to Vanuatu...
...But he noted: “COP has no remit to tell the private sector what to do.”...
...“[COP] is always the place where all relevant players come together, so it is good to be there too, to be part of the conversation, to hear what the developments are, what everyone thinks about it and to...
...Barbados’s role in these developments is a heartening sign that smaller developing nations can have a real impact on the outcome of these UN COP events....
...COP28 is likely to host a fierce debate over emerging economies’ continued reliance on polluting fossil fuels, including coal, oil and gas....
...Until now, fossil fuels have never been mentioned in a COP closing text, except in a mealy-mouthed reference to “inefficient fossil fuel subsidies”, and a specific mention of phasing down unabated coal power...
...The total assets held by the world’s more than 520 public development banks and development finance institutions amounts to $22.5tn, of which $20.2tn is held by national development banks (NDBs), and $2.2tn...
...This is an apparent reference to fossil gas, which is presented by advocates as a less polluting alternative to coal....
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