Remove 2009 Remove Fossil Fuels Remove Paris Agreement
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STATEMENT: Wealthy countries fail to deliver on climate finance at COP29 

Enviromental Defense

When you account for inflation, the new target of $300 billion barely exceeds the previous global commitment that was set in 2009. The next round of national climate plans under the Paris Agreement are due in February. By contrast, each year countries provide subsidies to oil and gas companies that exceed $1.3-trillion,

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All Eyes on Baku: Expectations for Canada at COP29

Enviromental Defense

After 30 years of international negotiations failing to mention the root cause of the climate crisis, the acknowledgement that we must phase out all fossil fuels and massively scale up renewable energy in order to effectively tackle the climate crisis, was both long overdue and extremely significant.

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COP29 concludes with an insufficient climate finance deal

Enviromental Defense

This year’s annual global climate negotiations, COP29, concluded with an inadequate commitment on climate finance which countered the Paris Agreement’s foundational principles of global climate justice. trillion must be mobilized every year to transition away from fossil fuels, scale up clean energy, and adapt to climate damages.

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Climate Experts Available to Comment on COP29 from Baku, Azerbaijan and in Canada

Enviromental Defense

Our experts will be able to provide insight on the negotiations at COP29 – including on issues related to climate finance, the energy transition and fossil fuel subsidies. Our team will also be tracking the participation in the negotiations and proceedings by the Government of Canada, provincial leaders, and oil and gas lobbyists.

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G20 still paying billions in fossil fuel subsidies

A Greener Life

Two-thirds of the G20’s public finance for energy went to fossil fuels in 2019–2020. 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. By Catherine Early.

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Public Pressure on ExxonMobil Works. Little Else Does.

Union of Concerned Scientists

Trading in disinformation In its climate lobbying report, ExxonMobil deemed 52 associations “aligned” for acknowledging the risks of climate change, publicly backing the Paris Agreement goal of limiting average global warming to well below 2 degrees Celsius and taking steps to reduce carbon emissions.

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The European Commission’s industrial carbon management strategy: ambitious and risky plans to achieve net-zero

Law Columbia

However, unlike the energy sector, where renewable energy sources, reduced consumption and increased energy efficiency offer clear alternatives to today’s heavy reliance on fossil fuels, decarbonizing the industrial sector presents a more complex challenge.