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...“We must significantly accelerate action on coal....
...The new 90 per cent target, at the lower end of a range recommended by the EU’s scientific advisory board, is seen as a way to accelerate climate action as the economic damage from extreme weather events...
...The levies under consideration by the group include an air passenger levy, wealth tax, maritime fuel levy and global tax on fossil fuel producers....
...The Dutch NGO said it believed the Shell precedent set in 2021 suggested the Dutch court system would accept its action against ING....
...But, crucially, the text prefaces this and other suggestions on energy systems by saying that it: “calls upon Parties to take actions that could include, inter alia: . . . ” In other words, these are just...
...Dubbed the UAE Consensus, the agreement “calls on parties to contribute” to take actions including “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating...
...Instead, it called on nations to contribute to: Transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve...
...Price levels would rocket due to a massive injection of liquidity in the global financial system, as a result of defensive actions such as central bank bailouts....
...This follows a two-week meeting in which the fundamental clash between the need for climate action and the economic reliance on fossil fuels has been laid bare to an extent rarely seen....
...He has expressed admiration for Russia and called for the war to end as soon as possible....
...UN climate body chief Simon Stiell said the Dubai “outcome is the beginning of the end” for the fossil fuel industry....
...“Just as a healthy person often has a strong immune system, the Chinese economy can handle ups and downs in its performance....
...It’s not hard to see why voters worldwide want climate action....
...China, the world’s largest solar PV and wind energy market, has pledged to establish a “more or less mature full-process recycling system for wind turbines and solar panels by the end of this decade”, says...
...That will require significantly stronger and faster policy action by governments. Demand for the different fuels is set to vary considerably among regions....
...Reform of the UN climate negotiations process was needed, he said, arguing the present system allowing for one country to veto a proposal, even if the majority supported the action, was hampering global...
...The IEA says strengthening policies in existing markets and boosting bio-jet fuel use can help close the gap....
...The event’s president, Sultan al-Jaber, has set the objective of agreeing actions that could limit global warming to 1.5C....
...The problem is that SAF is twice as expensive as fossil fuels and is a long way from commercial rollout. Suggestions that it will account for a large proportion of fuel by 2030 seem wildly optimistic....
...It ran nearly 24 hours over schedule and headlines centred on 34 agonisingly crafted words in the final text that called on countries to shift away from fossil fuels in energy systems....
...But one thing unites them: an understanding that without vast investment in Europe’s grids, neither energy source will be able to replace fossil fuels....
...Given the recent sharp deterioration in economic momentum, the time is ripe for action....
...By the end, 90,00 people had been evacuated, 2,500 structures destroyed, another 500 damaged. The fire burnt with such intensity that houses were eaten whole within minutes....
...Under current plans, the programme can allocate up to $415mn before the end of 2027....
...JPMorgan provided $39.2bn of lending and underwriting services to fossil fuel companies in 2022, according to calculations by the Rainforest Action Network....
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