fossil fuel

G20 Summit Highlights Climate Finance Needs but Falls Short on Fossil Fuel Transition

At the G20 Summit in Rio de Janeiro, leaders of the world’s 20 largest economies, responsible for 85% of global emissions, made progress in scaling up climate finance but stopped short of committing to phasing out fossil fuels. The joint statement released on Monday reaffirmed global climate goals but left...

COP29 Host Azerbaijan Introduces Climate Finance Action Fund For Developing Countries

As global negotiations on climate finance continue to struggle, Azerbaijan, the host of this year’s climate conference, has introduced a new initiative aimed at supporting climate action in developing nations. The newly unveiled Climate Finance Action Fund (CFAF) is designed to gather "voluntary" contributions from countries and companies involved in...