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Rishi Sunak Becomes the Wrong Kind of Climate Radical

It takes some astonishing mental gymnastics to believe that increasing production of fossil fuels is good for the climate. But that's the message British Prime Minister Rishi Sunak is selling with his approval of 100 new North Sea oil and gas licenses.
IISD in the news August 2, 2023

Oil And Gas Companies Shirking Responsibility For $123 Billion In Cleanup Costs: Report

A new report from the non-profit organization Environmental Defence reveals that despite making ample profits, Canada's oil and gas companies are shirking at least $123 billion in environmental clean up costs. Moreover, the report states that various levels of government have been unable or unwilling to force those companies to pay their fair share for cleaning up the damage they have caused.
IISD in the news August 1, 2023

EU's CBAM vs. the Paris Agreement: A response to Quick and Das

In a guest post, IISD's Aaron Cosbey writes: I am an unlikely defender of the EU’s CBAM, knowing full well its weaknesses and limitations. But in my opinion those faults do not include any of the arguments mustered against it by Reinhard Quick and Isha Das in their guest post “The EU’s CBAM-Regulation stands in contrast to fundamental EU-obligations under the Paris Agreement.”
IISD in the news August 1, 2023

Minister attacks South Africa's climate finance deal

South Africa's JETP deal, signed at Cop26, is supposed to provide a just transition to clean energy, but critics question whether the scheme will really benefit the country and its people.
IISD in the news July 27, 2023

Taking stock of the implementation gap in climate policy

A gap persists between the emissions reductions pledged by countries under the Paris Agreement and those resulting from their domestic policies. We argue that this gap in fact contains two parts: one in the policies that countries adopt, and the other in the outcomes that those policies achieve.
IISD in the news July 27, 2023

Germany plans to keep funding new gas projects overseas despite pledge

Germany plans to support new gas projects overseas until 2025 in a potential breach of its commitment to end international fossil fuel financing. The government's export credit agency has released its draft policy for the provision of guarantees in the energy sector in what it described as an attempt to tie them to climate protection targets. The guidelines were expected to belatedly align the German agency's operations with a pledge made at Cop26 in Glasgow to end funding for coal, oil and gas projects overseas by the end of last year.
IISD in the news July 27, 2023