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COP 27 Dispatch: Climate hope is alive, but tough choices ahead

If you believe in an equitable response to the climate crisis, the hope is still alive, but the hard decisions are still to come. At COP 27, there was a promise of funding for loss and damage, but the equitable phase out of all fossil fuels remained elusive. This is unbalanced and thus doomed. Think about it: the more fossil fuels burned, the more loss and damage and adaptation costs we face.
IISD in the news November 25, 2022

Indonesia's JETP Deal Will Only Succeed if Coupled with Radical Measures to Unblock Renewable Energy Pipeline

At the G20 Summit in Bali, a group of developed countries—led by the United States of America and Japan—pledged to mobilize US$20 billion (around Rp300 trillion) over the next 3-5 years to accelerate Indonesia’s energy transition through early retirement of coal power plants and deployment of renewable energy. The flood of new finance for renewable energy under the so-called Just Energy Transition Partnership agreement (JETP) is certainly welcome—but unless the critical barriers to renewable energy deployment in Indonesia are addressed, the deal will fail to deliver.
IISD in the news November 24, 2022

Carbon trading: A tool for reconciliation or colonization?

Eriel Tchekwie Deranger’s home community of Athabasca Chipewyan First Nation is in what she calls a “sacrifice zone.” The nation borders the oil production epicentre of Canada: the oilsands, which leak toxic chemicals and wreak havoc on local ecosystems.
IISD in the news November 23, 2022