The research shows that fossil fuels produced by the world’s biggest oil and gas companies, including ExxonMobil, BP, Saudi Aramco and Shell, have directly intensified and increased the frequency of heatwaves across the globe.
Developed countries committed just ‘at least $300 billion per year’ from a variety of sources - including public and private - a figure that risks deepening the debt burden for vulnerable nations.
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.
U.S. needs to own their responsibility and pay up what is owed for adaptation, stop funding fossil fuel projects and commit to real and significant investments in loss and damage in support of the most vulnerable nations.
For 30 years the UN IPCC reports have proven beyond doubt that climate impacts are increasingly frequent and devastating.
