Supervisory Body of Article 6.4 agrees to make it easier for LDCs and small business
At a recent meeting of the Article 6.4. Supervisory Body (Article 6.4 is the successor to the Clean Development Mechanism/CDM under the Kyoto Protocol) agreed to consider, on a case-by-case basis, the inclusion of provisions that specifically address small-scale and micro-scale activities as a means of supporting these businesses in the development methodologies. This would […]
Uganda plans to start nuclear power generation by 2031
Uganda expects to start generating at least 1000 megawatts (MW) from nuclear power by 2031 as it moves to diversify its sources of electricity and accelerate its energy transition, a key part of its climate change response. President Yoweri Museveni has stated he is keen to exploit the nation’s uranium deposits. Uganda has signed a […]
Banks with net zero targets continuing to lend to new fossil fuel projects
A recent report entitled “Banking on Climate Chaos” by the Rainforest Action Network and others sets out a comprehensive global analysis on the extent to which banks are continuing to lend to fossil fuel projects. It singles out US Banks as the single worst grouping of fossil banks, with the top four fossil fuel funders […]
COP28 President calls on industry to reduce emissions, focusing on electricity, cement, steel and aluminium
Sultan al-Jaber, the CEO of Abu Dhabi National Oil Co., and President of COP28 the United Arab Emirates, told representatives of global energy firms this week that the world must cut emissions by 7% each year and eliminate all methane emissions. He singled out electricity, cement, steel and aluminium as targets for clean-up. Unsurprisingly no […]
Mafalda Duarte to be the next chief of UN climate fund
Mafalda Duarte, a Portuguese national, will take the helm at the UNFCCC’s Green Climate Fund. She joins from the Washington-based Climate Investment Funds (CIF), where she was CEO. She previously held senior positions at the African Development Bank and the World Bank, working on climate finance
Seychelles is first WTO member from Africa to formally accept fishing subsidies agreement
Seychelles deposited its instrument of acceptance for the Agreement on Fisheries Subsidies on 10 March, making it the third WTO member and first African country to do so. Acceptances from two-thirds of WTO members are needed for the Agreement to come into effect. Adopted by consensus at the WTO’s 12th Ministerial Conference (MC12) held in […]
Draft Resolution to the UN Calling for ICJ opinion on Climate Liability Uploaded
Following several rounds of consultations with UN member states, the #ICJO4Climate Core Group members uploaded the draft resolution to the UN portal and are seeking co-sponsors. As reported previously, any opinion by the ICJ on this issue would be highly precedential for loss and damage negotiations and for legal liability proceedings more broadly.
EU Parliament Approves a Ban on New Sales of Petrol and Diesel Cars by 2035
The European Union Parliament has voted to approve a ban on new sales of carbon-emitting petrol and diesel cars by 2035. This approval is the last of the legislative hurdles that needed to be cleared in order for the policy to progress. The law will also set a 55% cut in CO2 emissions for new […]
Biden appoints new World Bank President
US President Biden has announced that he will nominate Ajay Banga, former Mastercard CEO to be President of the World Bank. As the Bank’s largest shareholder, it is tradition for the US to nominate its president. The Whitehouse said the decision was based on the fact that Banga has extensive experience leading organisations in developing […]
Minister from the UAE calls for a phase out of oil and gas
Climate Home has reported that the United Arab Emirates’ environment minister Mariam bint Mohammed Almheiri has called for the phaseout of oil and gas. The complete phase-out of oil and gas proved to be too contentious to agree to at either COP26 or COP27, with a handful of oil and gas producing nations opposing it. […]
