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COP29 Ends with Target to Triple Climate Finance to $300 Billion per Year

ESG Today

One of the key outcomes of the conference was an agreement on the creation of a New Collective Quantified Goal on Climate Finance (NCQG), aimed at aligning global financial flows with the objectives of the Paris Agreement, with nations agreeing that climate financing for developing nations should reach at least $1.3

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Is it time to scrap COP?

Corporate Knights

While the success or failure of COPs often boils down to the substance of final pledges agreed to by negotiators, some academics suggest that failures like the 2009 Copenhagen COP have led to successes like the 2015 Paris Agreement.

Academics 301
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Expectations Going Into COP28

3BL Media

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015), where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into landmark developments and prospects this year. I've been participating since COP 21 when the adoption of the Paris Agreement took place.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

In background briefings, officials said the announcement makes Canada the first of the world’s wealthiest countries to publish a detailed implementation plan for a pledge that was first announced at the G20 leaders’ summit in Pittsburgh in 2009.

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$650 million investment is the biggest so far in direct air capture

Envirotec Magazine

” Formed in 2009, Climeworks is a prominent pioneer of DAC technology and describes itself as the most advanced industry player, with the world’s largest direct air capture and storage plant launched in September 2021.

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Global $100 Billion Climate Finance Goal Expected to be Met in 2023: Report

ESG Today

The initial goal to mobilize $100 billion per year by 2020 to support climate action in developing countries was announced in 2009, and reaffirmed in 2015’s Paris Agreement, with an agreement to extend the goal through 2025.

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Delivering pledges to net zero essential if Paris targets to be met, says IEMA

Envirotec Magazine

On the eve of the fifth anniversary of the Paris Agreement on Climate, news that the recent spate of pledges from major economies could put the world on course to meet the Paris Climate Agreement goals are encouraging, said sustainability membership organisation IEMA – but only if those pledges are acted upon.