A report released by an environmental and human rights organisation reveals that 96 percent of the oil and gas industry is expanding despite “Net-Zero” climate pledges.
A study says that emissions from proposed and approved gas projects endanger the Paris Agreement goals as western countries seek to stave off the energy crisis.
Austria has announced it will commit $50 million for climate 'loss and damage', joining a few other European countries in pledging small amounts as campaigners say more is needed to address climate wrongs.
As per the report, the required funding will need to be secured through external financing to reduce their carbon footprint and counter the effects of the climate crisis.
Climate finance and reparations are some of the issues that will be high on the agenda of negotiators, particularly from the developing world.
Climate-vulnerable nations, already footing the global bill of a changing climate, face rising borrowing costs and economic challenges that further impair their ability to adapt.
Under "business as usual" warming, marine ecosystems could see mass extinction comparable to that of end-Permian extinction, known as the "Great Dying", which occurred 250 million years ago, scientists say.
UN Secretary-General Antonio Guterres has said that the latest report by the Intergovernmental Panel on Climate Change reveals a file of empty pledges "on track towards an unlivable world."
UN chief Antonio Guterres warned of the threat of fossil fuel addiction as emissions are still set to rise 14 percent before the end of the decade.
The latest IPCC report has found that the magnitude of the climate crisis and its impacts are far more substantial than previously estimated.
Report finds that UK and US banks are among the biggest lenders to the coal industry, despite claiming global climate leadership.
The Montreal Protocol and the Paris Agreement both address global gas emissions resulting in unwanted impacts on human health and natural ecosystems. Unfortunately, this is where the similarities end.
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