DIRS.INFO The most relevant business & tech news

☆ John Kerry, the US climate envoy, to leave the Biden administration
▼ + stars: | 2024-01-14 | by ( ) www.cnbc.com time to read: +3 min

WASHINGTON (AP) — John Kerry, the U.S. special envoy on climate, is stepping down from the Biden administration in the coming weeks, according to two people familiar with his plans. Kerry, a longtime senator and secretary of state, was tapped shortly after Joe Biden's November 2020 election to take on the new role created specifically to fight climate change on behalf of the administration on the global stage. "John Kerry's tireless work to deliver global progress on the climate crisis has been heroic," former Vice President Al Gore, who has focused primarily on climate in his post-public office life, said in a statement Saturday. While his gravitas has made him a central climate figure around the world, Kerry also has strong critics who argue America's climate policies don't amount to leadership in fighting global warming. The Inflation Reduction Act, the largest climate law in U.S. history, is pumping billions of dollars into renewable energies.

Persons: — John Kerry, Biden, Joe Biden's, Axios, Kerry, Obama, Han Zheng, John Kerry's, Al Gore Organizations: WASHINGTON, U.S, Senate Foreign Relations, Massachusetts, Senate, Democratic Locations: Kerry, Paris, Beijing, Pacific, United States, COP27, Egypt, U.S

☆ Pacific Islands lash out at COP28 presidency: ‘We weren't in the room’ when deal was announced
▼ + stars: | 2023-12-13 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Anne Rasmussen, the lead negotiator for the Alliance of Small Island States (AOSIS), told the COP28 Presidency in a closing statement: "We are a little confused about what just happened." "It seems that you gavelled the decisions, and the small island developing states were not in the room. Participants attend a presentation at the Moana Blue Pacific pavilion of Pacific islands prior to the opening ceremony of the UNFCCC COP28 Climate Conference at Expo City Dubai on November 30, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty ImagesFor Pacific Island nations, however, and many other island and low-lying coastal states vulnerable to rising sea levels, the deal falls severely short. For the Pacific Islands, climate change poses an existential threat.

Persons: Michael Runkel, Tina Stege, Anne Rasmussen, Sean Gallup, Brianna Fruean, we've, Fruean, weren't, Toeolesulusulu Cedric Schuster Organizations: Getty Images, United Arab Emirates — Representatives, Pacific, United Arab, Marshall, Alliance of Small, States, UAE, Expo City, Getty, Big Oil, Pacific Climate Warriors, CNBC, UNITED, Natural Resources, United Arab Emirates Locations: Ouvea, New Caledonia, Getty Images DUBAI, United Arab, United Arab Emirates, Pacific, Expo City Dubai, Dubai, Paris, DUBAI, EMIRATES, Samoa, States

☆ COP28: Fossil fuel industry has nearly quadrupled registrations at climate summit since last year, watchdog report says
▼ + stars: | 2023-12-05 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

The report was not able to count how many fossil fuel representatives are actually in attendance, though it has shown registration numbers have been increasing over the years. COP28 President Sultan Al Jaber, also an oil executive, has argued the fossil fuel industry should be involved in the summit. The analysis from the coalition, which this year organized under the name Kick Big Polluters Out, looked at the provisional list of COP participants to identify registrants with self-declared ties to fossil fuel companies or organizations with fossil fuel interests or foundations owned or controlled by a fossil fuel company. “The hallways and negotiating rooms of this climate conference are flooded with the largest number of fossil fuel lobbyists ever,” said Lili Fuhr, director of the fossil fuel energy program at the Center for International Environmental Law. Governments must “remain focused on delivering an outcome that supports and mandates a full phase out of fossil fuels while protecting public policy-making from fossil fuel interests,” she told CNN.

Persons: Sultan Al Jaber, ”, Lili Fuhr, Al Jaber Organizations: CNN, United Arab Emirates, Global, Dubai, United Nations, Center for International Environmental Law Locations: Dubai, Brazil, Egypt, COP27, COP28

On Monday, Prince Abdulaziz bin Salman, energy minister and the key climate negotiator, for the kingdom, was a no-show at the Saudi Green Initiative. "The climate finance that they have pledged at this COP28 is simply not enough," said Pakistani activist Zaigham Abbas, whose country was devastated last year by widespread flooding. Elsewhere, France and Japan said they would support a move by the African Development Bank to leverage IMF Special Drawing Rights for climate and development. This year also features the biggest-ever representation of business at the annual U.N. summit, amid hopes for more private investment toward climate causes. "The scale of the climate crisis demands urgent and game-changing solutions from every industry," COP28 President Ahmed Al-Jaber said.

Persons: COP28, Johanna Geron, Prince Abdulaziz bin Salman, Crown Prince Mohammad bin Salman, Nicholas Stern, Mia Mottley, Antonio Guterres, Zaigham Abbas, Abu Dhabi, Ahmed Al, Jaber, Simon Jessop, Maha El, Al Sayegh, Alexander Cornwell, Elizabeth Piper, David Stanway, Katy Daigle Organizations: of, European Union, REUTERS, Companies, Saudi, United, United Arab Emirates, Saudi Green Initiative, Crown, Grantham Research, Asian Peoples ' Movement, Development, African Development Bank, European Bank for Reconstruction, Copenhagen Infrastructure Partners, BlackRock, HSBC, Finance, Reuters, Thomson Locations: Dubai, Brussels, Belgium, Companies UAE, DUBAI, COP28, United Arab, Saudi Arabia, Sharm el, Sheikh, Egypt, Paris, China, Grantham, Barbados, France, Japan, Copenhagen, Abu

☆ Time to say 'the F-words'? A fossil fuel fight takes center stage at the COP28 climate summit
▼ + stars: | 2023-12-04 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Sultan al-Jaber, president of the UNFCCC COP28 climate conference, speaks during day two of the summit on Dec. 2, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty ImagesDubai, UNITED ARAB EMIRATES — A fight over the future of fossil fuels has been thrust into the global spotlight at the COP28 climate summit. "Unabated" fossil fuels are largely understood to be produced and used without substantial reductions in the amount of emitted greenhouse gases. "[It is] important to say that more fossil fuels equal more loss and damage, so these two issues are actually quite intertwined." Notably, at last year's COP27 conference in Egypt, more than 80 countries supported a fossil fuel phase-out commitment in the final agreement.

Persons: Sultan al, Jaber, Sean Gallup, Johan Rockstrom, There's, Darren Woods, Catherine Abreu, Abreu Organizations: Getty, Getty Images, UNITED, EMIRATES, Potsdam Institute, Climate, Climate Impact Research, CNBC, AG, United Arab, Oil, Exxon Mobil Locations: Dubai, United Arab Emirates, Getty Images Dubai, COP28, Salzgitter, Germany, Russia, Egypt

☆ CNBC Daily Open: A cooling economy does not mean it's falling off a cliff
▼ + stars: | 2023-12-01 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on a year-over-year basis, the Commerce Department reported. Headline inflation was flat on the month and at a 3% rate for the 12-month period, the release also showed. Energy prices fell 2.6% on the month, helping keep overall inflation in check, though food prices rose 0.2%.

Persons: Dow, Dow Jones, Nelson Peltz, Ike Perlmutter, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza Organizations: CNBC, Dow Jones Industrial, Nasdaq, Big Tech, Federal Reserve, Commerce Department, Energy, of, Petroleum, OPEC, Disney, Marvel, Sky, Peltz, United Arab Locations: OPEC, Saudi Arabia, Brazil, COP28, United Arab Emirates, COP27, Egypt

☆ King Charles says world heading for ‘dangerous uncharted territory’ as climate crisis deepens
▼ + stars: | 2023-12-01 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —King Charles III told world leaders Friday that the warning signs of the climate crisis are being ignored and that the world is heading for “dangerous uncharted territory,” with devastating consequences for lives and livelihoods. The King called for a series of measures, including a ramp-up of public and private finance, to tackle the climate crisis and rapidly increase renewable energy. The King did not attend last year’s COP27 summit in Egypt, after the then UK Prime Minister, Liz Truss advised him against going. CNN understood at the time that, the monarch and government jointly agreed that the climate summit wasn’t the right occasion for the King’s first trip overseas as sovereign. The US announced a commitment of $17.5 million, which some experts and advocacy groups said was “embarrassing.”World leaders including India’s Prime Minister Narendra Modi, Brazil’s President Lula Da Silva, UK Prime Minister Rishi Sunak and Prime Minister of Barbados Mia Mottley are due to address delegates later.

Persons: King Charles III, King, ”, won’t, Liz Truss, Sheikh Mohammed bin Zayed Al Nahyan, “, Narendra Modi, Lula Da Silva, Rishi Sunak, Barbados Mia Mottley, CNN’s Lauren Said, Moorhouse, Angela Dewan, Ella Nilsen Organizations: CNN, UAE, CNN’s Royal, United Arab, US, India’s, Brazil’s, UK Locations: Dubai, Pakistan, Bangladesh, East Africa, Egypt, UAE, United Arab Emirates, Germany, Barbados

Delegates use wonky terms like “NDCs” “1.5 degrees” and “loss and damage,” not exactly conversation starters at parties. Currently, temperatures have increased about 1.2 degrees Celsius (2.2 degrees Fahrenheit). As extreme weather events driven by climate change have increased and intensified, climate scientists have pushed to limit warming to 1.5. Last year’s climate talks, COP27 in Egypt, produced a landmark agreement for rich countries to contribute to a fund to help developing nations adapt to climate change. The wonky speeches, lots of discussion and disagreements will continue, all with the hope of combatting climate change.

Persons: FOSTER, —, ___ Peter Prengaman Organizations: United Arab Emirates, of, Delegates, Biden, Associated Press, AP Locations: DUBAI, United Arab, Dubai, Paris, United States, COP27, Egypt

☆ Countries at COP28 approve climate disaster fund deal details in early breakthrough
▼ + stars: | 2023-11-30 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

A man wearing a thawb walks past flags of nations participating in the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. Dubai, UNITED ARAB EMIRATES — Countries at the U.N. COP28 summit on Thursday agreed on deal details for a disaster fund to help nations reeling from damages caused by the climate crisis. So far, the pledges to the fund include $100 million from Germany, $100 million from the United Arab Emirates, $17 million from the U.S. and $10 million from Japan. High-income countries, which account for the bulk of historical greenhouse gas emissions, have long opposed the creation of a loss and damage fund to compensate low-income nations. Avinash Persaud, special climate envoy to Barbados, said that the deal reflects "a hard fought historic agreement."

Persons: Friederike Roder, Roder, Avinash Persaud Organizations: United Arab Emirates, UNITED, EMIRATES, United Arab, Bank, Global Citizen Locations: Dubai, United Arab, COP28, United Arab Emirates, COP27, Egypt, Germany, U.S, Japan, Barbados

Climate Action Against Disinformation found that, in every month since COP27, the hashtag #climatescam generated more retweets and likes than #climatecrisis and #climateemergency on X, the platform formerly known as Twitter. Researchers attributed much of #climatescam’s traction to a small group of influential accounts, which they said tended to be far more vocal about climate denial on X than on platforms like Facebook and Instagram. Some of the sites pushing climate disinformation made money from ads — a revenue stream that researchers said was enabled by more than 150 advertising exchanges owned by some of the largest tech companies. The marketplaces, which largely use automated auctions to buy and sell online ads, placed ads on at least 15 websites known for hosting climate denial content, according to the report. Doing so flouted policies set up by many of the exchanges to block climate denial content and other disinformation from being monetized.

Persons: Bean, ” Organizations: Twitter, Facebook Locations: Russia, China, United States

☆ Big Oil Bets on Hot Air in Climate Talks
▼ + stars: | 2023-11-29 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

The closing plenary at the COP27 climate summit in Sharm El Sheikh, Egypt, last year. Photo: MOHAMED ABD EL GHANY/REUTERSOil-and-gas companies are banking on a glacial pace of progress on cutting fossil-fuel use in this year’s round of climate negotiations—and they may well get it. Climate Change Conference, COP28, begins Thursday with an oily twist. It is being hosted by the United Arab Emirates, which pumps more than 3 million barrels of oil a day. is a member, will have a pavilion at the climate summit for the first time.

Persons: Sharm El Sheikh, MOHAMED ABD EL GHANY Organizations: REUTERS, United Arab Emirates, of, Petroleum Locations: Sharm El, Egypt

Here's a rough guide to the jargon being used in Dubai at COP28, this year's United Nations climate change conference. The term "climate change" is used more broadly to describe global warming and its consequences, including variable weather extremes. GHGs include a myriad of gases, but the most impactful — methane and carbon dioxide — are also referred to as "carbon emissions" because both molecules contain carbon. The world's excess carbon emissions come mostly from the burning of fossil fuels and other industrial activities. UNFCCC - The United Nations Framework Convention on Climate Change is the treaty adopted in 1992 agreeing to halt climate change.

Persons: Amanda Perobelli, COP21, NDCs, Gloria Dickie, Katy Daigle, Rod Nickel, Aurora Ellis Organizations: United Nations, Paris, Thomson Locations: Amazonia, Nova Xavantina, Mato Grosso, Brazil, Dubai, COP28, United Nations, China, PARIS, Paris, Glasgow, COP27, London

Such is the scene at the annual COP conference, this year being held Nov. 30-Dec. 12 in the Emirati city of Dubai. Here's how the climate summit unfolds on the ground. THE OPENING CEREMONYThe UAE has spent the last year laying the diplomatic groundwork for this year's summit. But it officially takes on the COP presidency only at the opening ceremony, which features welcome speeches and opportunities to bang the gavel. THE SCENEDuring the first few days, national leaders jet in for what is called the "High-Level Segment" involving back-to-back speeches in the venue's main plenary hall.

Persons: William James, Katy Daigle, Lisa Shumaker Organizations: UAE, Thomson Locations: Emirati, Dubai, UAE, COP26

Persons: William James, Katy Daigle, Lisa Shumaker Organizations: UAE, Thomson Locations: Emirati, Dubai, UAE, COP26

☆ Are the COP climate summits working? These countries are going to the courts, instead
▼ + stars: | 2023-11-29 | by ( Ella Nilsen | ) edition.cnn.com time to read: +10 min

“It is a recipe for permanent climate chaos and suffering.”Yet the UN climate summit, known as COP, is tedious. Even fierce climate advocates who agree COP should be more ambitious still believe the summit is a powerful and worthwhile endeavor. “There is a lot of questioning whether this process will deliver or not,” Ani Dasgupta, president and CEO of international climate nonprofit World Resources Institute, told CNN. In this June 2017 photo, President Donald Trump after announcing his intention to abandon the Paris Agreement in the Rose Garden of the White House in Washington, DC. Doug Mills/The New York Times/ReduxStill, former and current US negotiators say climate diplomacy has helped keep the world’s temperature from reaching truly alarming highs.

Persons: António Guterres, ” Guterres, Paris, Payam Akhavan, ” Akhavan, ” Ani Dasgupta, ’ COP’s, ”, Sue Biniaz, John Kerry, Frances F, Denny, Biniaz, ” Biniaz, Donald Trump, Joe Biden, Doug Mills, Jonathan Pershing, William, Flora Hewlett, Pershing, ” Pershing, “, Todd Stern, Jens Astrup, Stern, “ It’s, ” Stern, it’s, It’s, Margaretha Wewerinke, Singh, Mitzi Jonelle Tan, Peter Dejong, Hailey Campbell, ’ ”, Campbell Organizations: CNN, United Nations, Law, United, Resources Institute, Yale University, The New York Times, “, ”, White, New York Times, Kerry, Bella Center, Getty, US, Republicans, International Court of Justice Locations: Paris, Small, States, Vanuatu, Tuvalu, Antigua, Barbuda, Dubai, COP28, United States, New Haven , Connecticut, Rose, Washington , DC, Copenhagen, AFP, Europe, Mississippi, Philippines, Sharm el, Sheikh, Egypt, Hawaii, Honolulu

☆ A showdown is brewing over money, oil and carbon. Here's what's at stake at the COP28 climate summit
▼ + stars: | 2023-11-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +8 min

Global temperatures and greenhouse gas emissions continue to break records, with no continent left untouched by more frequent and intense extreme weather events. MoneyClimate finance is always a hotly debated talking point at the U.N. summit and COP28 promises to be no different. She anticipated three main debates around the use of oil, gas and coal — the burning of which is the chief driver of the climate crisis. "So, one is this 'phase out' or 'phase down' [of fossil fuels]. There is no credible scenario where CCS will allow continued use of fossil fuels, let alone expanding oil and gas.

Persons: Sean Gallup, HENRY NICHOLLS, Henry Nicholls, COP28, Alex Scott, Rich, Sultan al, Jaber, LUIS TATO, Luis Tato, Melanie Robinson, Robinson, Sultan Al Jaber, Francois Walschaerts Organizations: AG, Getty, United Arab Emirates, InterContinental, Fossil, Energy Intelligence, Afp, Organization for Economic Cooperation, Development, Getty Images, Abu, Abu Dhabi National Oil Company, Climate, World Resources Institute, CNBC, CCS Locations: Salzgitter, Germany, Dubai, Bonn, COP28, London, AFP, E3G, Egypt, COP27, UAE, Garissa, Africa, El Nino, Abu Dhabi, WRI, Brussels

☆ COP28: What you need to know about the 2023 climate summit in Dubai
▼ + stars: | 2023-11-20 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +8 min

CNN —Tens of thousands of people are heading to Dubai in early December for COP28, the annual international climate summit convened by the United Nations. While the science behind human-caused climate change was still young, scientists knew even then it would be life-changing. The controversy at COP28The climate summit is hosted at a different location each year. “It tells us clearly that the world is not on track to achieve our global climate goals,” Melanie Robinson, the global climate program director for the World Resources Institute, told CNN. A major debate among the parties has been whether to “phase out” or “phase down” fossil fuels.

Persons: John Kerry, Ian Langsdon, —, United Arab Emirates —, Critics, Al Jaber, Britain's King Charles III, COP28, Sultan Ahmed al Jaber, Aaron Chown, John Kerry —, Al Jaber’s, King Charles III, Pope Francis, Joe Biden, China’s, Jinping, Biden, Xi, Larry Fink, It’s, ” Melanie Robinson, ” Robinson, “, Maya Siddiqui, Nate Warszawski, ”, CNN’s Ivana Kottasová Organizations: CNN, COP28, United Nations, Getty, UN, “ Conference, United, United Arab Emirates, Minister of State, Abu Dhabi National Oil Company, Buckingham Palace, US, Publishing, decarbonize, Wall, BlackRock, World Resources Institute, Bloomberg, World Bank Locations: Dubai, Le Bourget, Paris, AFP, Berlin, COP21, United Arab, UAE, Abu Dhabi, Buckingham, France, Germany, Japan, Hami city, Xinjiang province, China, Saudi Arabia, Syria, Russia, Iran, Israel, Egypt, COP27

"Coal in North Macedonia represents 40% of the energy source, so it's very big, it's very important," EBRD President Odile Renaud-Basso told Reuters. Both of its coal-fired plants are ageing, outdated and run on lignite, the most polluting type of coal. An IFC spokesperson said the green transition, including in North Macedonia, was one of its key priorities, but that it was not in a position to confirm any plan details. "The world's richest countries need to work with the multilateral development banks to find effective, structural ways to channel significantly scaled up energy transition finance," he said. North Macedonia joined the Powering Past Coal Alliance, a group of countries committed to phasing out coal-fired power, in 2021.

Persons: Odile Renaud, Basso, COP27, REK, Renaud, Leo Roberts, E3G, Kate Abnett, Kirsten Donovan, Louise Heavens Organizations: European Bank for Reconstruction, World Bank, Reuters, Investment, United Nations, Climate Investment Funds, International Finance Corporation, IFC, Bank, Past Coal Alliance, Union, Thomson Locations: Dubai, wean, Macedonia, North Macedonia, South Africa, Indonesia, Vietnam, Senegal, North, Skopje, Europe, Macedonian, Pakistan, Colombia, Ukraine

☆ COP28’s big challenge: green cash for poor states
▼ + stars: | 2023-11-15 | by ( George Hay | ) www.reuters.com time to read: +7 min

Rather than drawing attention to this paucity of ambition, al-Jaber wants states to commit to trebling global capacity of renewable energy by 2030. Progress in China and the West is largely a function of cash: these regions accounted for 84% of the $1.3 trillion committed to global climate finance in 2022. They calculate that by 2030, developing countries need to invest around $2.4 trillion a year in order to decarbonise their economies. The problem is that the developed world has consistently missed targets to channel climate cash to less developed counterparts. In September al-Jaber announced a $4.5 billion scheme to deploy UAE state cash and private sector resources to help Africa decarbonise.

Persons: al, Jaber, hasn’t, Nicholas Stern, Stern, Ajay Banga, Mark Carney, Shriti Vadera, Larry Fink, Joko Widodo, UAE Crown Prince Mohammed bin Zayed, Nahyan, Breakingviews, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, United, Conference of, Abu Dhabi National Oil Company, United Nations, International Energy Agency, The, IEA, World Bank, concessional, Bank, Bank of England, Prudential, BlackRock, U.S, Indonesian, Africa decarbonise, UAE Crown, Thomson Locations: United Arab Emirates, Abu Dhabi, Paris, China, The U.S, British, Egypt, Indonesia, Japan, South Africa, Vietnam, U.S, Al, UAE, Africa, COP28, Dubai

☆ Australia signs security, migration pact with Pacific's Tuvalu
▼ + stars: | 2023-11-10 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

[1/2] A man riding a motorbike is seen reflected in a puddle of water in Funafuti, Tuvalu, August 13, 2019. Under the treaty announced by Australia's Prime Minister Anthony Albanese and his Tuvalu counterpart Kausea Natano, Australia will also vet Tuvalu's security arrangements with other nations. An Australian government official said this requirement covered any defence, police, port, telecommunications, energy or cyber security arrangements by Tuvalu. Although Australia has defence agreements with other Pacific Islands nations, in a region where China recently struck a security pact with Solomon Islands and is seeking to expand its policing ties and infrastructure projects, the Tuvalu treaty goes much further in positioning Australia as its primary security partner. Australia sees deeper economic and social integration with the Pacific Islands as a way to ensure the security of the region, a government official said.

Persons: Mick Tsikasvia, Anthony Albanese, Kausea Natano, Albanese, Natano, " Albanese, Kirsty Needham, Alasdair Pal, Lewis Jackson, Kim Coghill, Christopher Cushing, Lincoln, Michael Perry Organizations: REUTERS Acquire, Rights, Australia's, Tuvalu, Pacific, Tuvalu Falepili, Australia, Canberra, Thomson Locations: Funafuti, Tuvalu, Australia, Taiwan, Beijing, Cook, China, Solomon Islands, Hawaii, Washington, Sydney

☆ King Charles to attend COP28 climate talks in Dubai and deliver address
▼ + stars: | 2023-11-01 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —King Charles III will attend the UN’s COP28 climate summit in Dubai this year and deliver an address at the opening ceremony, Buckingham Palace said Wednesday. CNN understood at the time that, following consultations with the government, it was jointly agreed that the climate summit wasn’t the right occasion for the King’s first trip overseas as sovereign. Few world leaders have confirmed their attendance at the talks. The 74-year-old King will give his address on December 1, and also meet with regional leaders, the palace said. King Charles III has been a passionate advocate of environmental and climate causes for at least five decades.

Persons: London CNN — King Charles III, Buckingham, Liz Truss, Joe Biden, Sheikh Mohamed bin Zayed Al Nahyan, Charles, Charles ’, Prince, Wales, King Charles III, Prince of Wales, King, Donald Trump Organizations: CNN’s Royal, London CNN, CNN, United Arab Emirates, COP28 UAE, Government, Business, UN, Charles ’ Sustainable Markets Initiative, Buckingham, Accord Locations: London, Dubai, British, Egypt, Israel, Gaza, UAE, Glasgow, Scotland, Germany, France, Paris

U.S. President Joe Biden holds an event about American retirement economics in the State Dining Room at the White House in Washington, U.S., October 31, 2023. The White House said it had no updates on Biden's travel plans. “President Biden has led and delivered on the most ambitious climate agenda in history, both at home and abroad. Such a deal would be a feather in the Democratic president's cap ahead of a 2024 presidential election where many liberal and younger voters rank climate change as a top issue. Asked if she would attend COP28, a spokesperson for Harris said "we don't have any travel to announce."

Persons: Joe Biden, Leah Millis, “, Biden, ”, Abdel Fattah al, Jordan's King Abdullah II, Emmanuel Macron, Donald Trump, Kamala Harris, Harris, Trevor Hunnicutt, Jeff Mason, Alexander Cornwell, Valerie Volcovici, Heather Timmons, Stephen Coates Organizations: White, REUTERS, WASHINGTON, United Nations, Conference, Republican, Democratic, Association of Southeast Asian Nations, ASEAN, Thomson Locations: Washington , U.S, ABU DHABI, Dubai, United Arab Emirates, Gaza, Jordan, Paris, U.S, Egypt

☆ UN committee deadlocked on climate disaster recovery fund
▼ + stars: | 2023-10-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Sultan Al Jaber, chief executive of the UAE's Abu Dhabi National Oil Company (ADNOC) and president of this year's COP28 climate summit gestures during an interview as part of the 7th Ministerial on Climate Action (MoCA) in Brussels on July 13, 2023. United Nations representatives failed to secure a deal during late-night talks on how to implement a reparations fund for climate disaster recovery in developing nations. The "loss and damage fund" would call on rich countries to finance the recovery of climate disasters that have wrecked developing nations and set them behind on their sustainability goals. The commitment to establish the fund was one of the highlight announcements of last year's UN Climate Conference, or COP27, after a series of down-to-the-wire negotiations. The 24-member committee met four times over the past week to settle on official recommendations for how to implement the fund.

Persons: Sultan Al Jaber, Sultan Al, Jaber, Layne, Ali Waqas Malik Organizations: Abu Dhabi National Oil Company, United Nations, UN Climate Conference, United, United Arab Emirates Locations: Abu Dhabi, Brussels, COP27, Pakistan, Egypt, Venezuela, United States, United Kingdom, United Arab, Antigua, Barbuda

But even EU countries clashed over how ambitious to be - and their ministers were locked in talks into the evening on Monday. The faultlines tended to fall between wealthier EU members seeking rapid climate action, and poorer economies concerned about the cost of quitting fossil fuels. Another submission, by Saudi Arabia, did not explicitly mention a fossil fuel phase-out. 'NOT VERY HOPEFUL'The resistance shows how hard it will be to strike an ambitious climate deal at COP28. "I am not very hopeful," Carlos Fuller, U.N. climate negotiator for Belize, said of the fossil fuels phase-out - which Belize supports.

Persons: Wolfgang Rattay, Carlos Fuller, COP28, Jennifer Morgan, Natalie Jones, Kate Abnett, Glwadys Fouche, Katy Daigle, Barbara Lewis Organizations: REUTERS, Rights, Diplomats, Reuters, African Group, International Institute for Sustainable Development, Thomson Locations: Niederaussem, Germany, Rights BRUSSELS, Poland, Czech Republic, COP28, Russia, Saudi Arabia, Belize, COP27, China, Japan, United States, Colombia, Norway, U.N, Paris, Oslo

☆ France seeks stronger EU stance on phasing out fossil fuels - document
▼ + stars: | 2023-09-25 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

"The EU should adopt a much stronger and clearer narrative on the exit from fossil fuel demand, with a quantified trajectory and an exit date for each fossil energy, based on science," said France, in a document shared with other EU countries and seen by Reuters. "Unabated" fossil fuels are those that do not use technology to capture the emissions produced from burning them. France urged the EU to clarify its stance on these emissions-capturing technologies, to ensure they were not used to delay efforts to phase out fossil fuels directly and replace them with low-carbon energy. Some EU countries reliant on fossil fuel-based energy see a bigger role for these technologies, which could help them keep their existing infrastructure running. Around 80 countries, including EU nations, backed an Indian proposal to phase down fossil fuels at last year's COP27 summit, but it was blocked by Saudi Arabia and other oil- and gas-rich countries.

Persons: Kate Abnett, Alex Richardson Organizations: European Union, UN, Diplomats, Reuters, United Nations, EU, Thomson Locations: BRUSSELS, France, Dubai, EU, Poland, Saudi Arabia

Search resuls for: "COP27"

25 mentions found