No Phase Out of Fossil Fuels Threatens Gains on Loss and Damage
Without a phase out of fossil fuels we are setting the world on a path for further losses and damages. This is where the COP has failed.
Without a phase out of fossil fuels we are setting the world on a path for further losses and damages. This is where the COP has failed.
Experts called on COP27 decision-makers to commit to ensuring that a swift, just and equitable phase-out of fossil fuels is secured in the final text, in order to stay at 1.5 degrees.
The only way forward to achieve the Paris Agreement target and safeguarding the sustainable development goals is to halt any new development of coal, oil and gas, and to redirect financial flows towards sustainable renewable energy for all.
Shareholders representing $22 billion investment have put four of Japan’s largest companies in the spotlight on climate-risk management.
Oil, gas and coal production and emissions are a primary threat to our water, health, biodiversity and ability to provide economic and energy security.
For 30 years the UN IPCC reports have proven beyond doubt that climate impacts are increasingly frequent and devastating.