Press
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COP 29 Outcome Moves Needle on Finance
In the last hours of negotiations, concerted pressure from the most vulnerable developing countries resulted in an improved outcome on the finance target, with a decision to set a goal of at least USD 300 billion per year by 2035 for developing countries to advance their climate action.
Europe’s Dash for Gas in Africa puts Private Profits First
Europe’s demand for gas is contributing to expansion of LNG projects in Mozambique, Nigeria, and Senegal. This favours the interests of European oil and gas companies over those of African countries, a new report shows.
The United Kingdom, New Zealand, and Colombia Join Coalition to Phase Out Fossil Fuel Subsidies
Today on the sidelines of the UN Climate Conference in Baku (COP 29), the United Kingdom, New Zealand, and Colombia joined the international Coalition on Phasing Out Fossil Fuel Incentives Including Subsidies (COFFIS).
IISD Welcomes Draft Regulations for Oil and Gas Pollution Cap
A firm cap on emissions can provide certainty for industry to invest in decarbonization, while ensuring the sector is on a path to net-zero by 2050.
COP 16 in Cali Delivers Key Outcomes for Nature but Questions Remain on Funding
There were some very real wins, and the Colombian government should be applauded for the energy, coordination, and strong sense of community that they brought to the conference as well as to the profile of biodiversity. But the lack of progress on some key negotiation items is concerning.
Oil and Gas Exploration is Set to Surge, Despite COP 28 Pact
If fully exploited, oil and gas reserves set to be licensed for exploration in the next 6 months would emit 15 billion tonnes of CO2 equivalent.
G20 Governments are Spending Three Times as Much on Fossil Fuels as Renewables
G20 governments are spending three times as much on fossil fuels as renewables, research by the International Institute for Sustainable Development shows.
The Next Generation of National Climate Plans Must Phase Out Fossil Fuels
On the sidelines of the UN General Assembly, IISD is calling on governments to deliver ambitious, specific, and actionable national climate plans for the coming decade.
Senegal’s LNG Drive Is an Economic Gamble
Senegal’s plan to drive economic growth through exports of LNG—largely to Europe—is a gamble, new research warns, as forecasts indicate an imminent decline in international demand for gas.
Canadians on the Hook for up to CAD 18.8 Billion in Ongoing Subsidies to the Trans Mountain Pipeline
Canadian taxpayers could end up contributing up to CAD 18.8 billion in subsidies to the Trans Mountain Pipeline if the federal government continues charging discounted transportation tolls to the oil industry, according to a new IISD report.