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COP 29: Natural gas demand clashes with global green agenda

At COP 29 in Azerbaijan this week, the host of the UN's annual climate event laid bare the lingering tension characterizing the current energy transition debate: much as the global economy needs to decarbonize and mitigate climate change, its thirst for fossil fuels continues to rise.
IISD in the news November 13, 2024

Fossil fuels: 'A gift of God' or a climate killer?

Humans have become dependent on oil companies for sustaining their lifestyles. But this dependence has enabled the industry to balloon to such an extent that it has been dubbed "Big Oil" and become synonymous with driving global temperature rise. Burning oil and gas pumps billions of tons of heat-trapping greenhouse gas emissions into the atmosphere every year.
IISD in the news November 12, 2024

Who is funding fossil fuel expansion?

Last December, as the world witnessed a year of record-breaking emissions and global temperatures driven by the burning of fossil fuels, leaders agreed to "transition away" from coal, oil and gas. The agreement, which was struck at the COP28 climate summit in Dubai, heralded the "beginning of the end" of the fossil fuel era. But as heads of state and government meet in Baku, Azerbaijan for this year's COP29 summit, trillions of dollars are still flowing into fossil fuel development.
IISD in the news November 12, 2024

Inside INC-5

"We have not yet reached the summit of our efforts." This was the spirit conveyed by INC Chair Luis Vayas in his opening statement during Sunday evening’s closing plenary. After over seven days of intense negotiations the INC-5 delegates were unable to agree on a new instrument. They agreed to adjourn INC-5 in Busan, Republic of Korea, and convene a resumed meeting at a later date.
Page November 12, 2024