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Fossil Fuels

UAE Consensus delivers 'landmark' deal to transition away from fossil fuels

Policy

UAE Consensus delivers 'landmark' deal to transition away from fossil fuels

Historic agreement gavelled through minutes after final plenary starts at COP28 Climate Summit in Dubai

clock 13 December 2023 • 11 min read
COP28: Stand off over future of fossil fuels pushes Dubai Summit into overtime

Climate change

COP28: Stand off over future of fossil fuels pushes Dubai Summit into overtime

A long night awaits for COP28 negotiators, as Presidency attempts to break impasse over proposals to phase out unabated fossil fuels and fears grow that talks could end without a deal

clock 12 December 2023 • 9 min read
Whether fossil fuels are phased down or out, demand destruction is accelerating

Energy

Whether fossil fuels are phased down or out, demand destruction is accelerating

New report highlights how mooted goal to treble renewables capacity by 2030 is eminently achievable, as clean power continues to outcompete fossil fuels in key markets

clock 11 December 2023 • 6 min read
'The clock is ticking': COP28 President urges countries to break deadlock as fossil fuel stand-off continues

Climate change

'The clock is ticking': COP28 President urges countries to break deadlock as fossil fuel stand-off continues

Sultan Al Jaber voices frustration at negotiations' sluggish progress on contentious issues such as fossil fuels, finance, and climate adaptation

clock 10 December 2023 • 11 min read
COP28: Fight over fossil fuel 'phase out' intensifies at Dubai talks

Climate change

COP28: Fight over fossil fuel 'phase out' intensifies at Dubai talks

High Ambition Coalition of nations is continuing to push for a commitment to 'phase out' fossil fuels, but fierce opposition from OPEC has fuelled fears a compromise deal could prove elusive

clock 09 December 2023 • 9 min read
Toxic corporate bonds are bankrolling the climate crisis

Investment

Toxic corporate bonds are bankrolling the climate crisis

Asset managers and other corporate bond investors have become the fossil fuel industry's funders of last resort, warns Common Wealth's Sophie Flinders

clock 07 December 2023 • 4 min read
COP28: Push for fossil fuel phase out continues as latest draft text emerges

Politics

COP28: Push for fossil fuel phase out continues as latest draft text emerges

Numerous options remain on the table as second draft of COP28 'Global Stocktake' text is published in Dubai, with negotiators seeking landing ground on wording around fossil fuels

clock 05 December 2023 • 10 min read
'The phase down and phase out of fossil fuels is inevitable': COP28 talks on fast-forward as key dividing lines emerge

Politics

'The phase down and phase out of fossil fuels is inevitable': COP28 talks on fast-forward as key dividing lines emerge

Row on the future of fossil fuels focuses minds, as businesses reiterate calls for 'fossil fuels phase out language' to be included in any final agreement

clock 04 December 2023 • 10 min read
'We are discussing everything': COP28 Presidency sets sights on deal to 'keep 1.5C within reach'

Climate change

'We are discussing everything': COP28 Presidency sets sights on deal to 'keep 1.5C within reach'

Row explodes over calls to 'phase out' fossil fuels, as COP28 hosts insist 1.5C goal remains 'North Star' for the Summit

clock 03 December 2023 • 8 min read
'It's hard to see how this aligns': How the G20 provided $1.3tr of support to fossil fuels last year

Policy

'It's hard to see how this aligns': How the G20 provided $1.3tr of support to fossil fuels last year

Analysis from BNEF reveals huge scale of continued government support for fossil fuels, as calls grow for COP28 to deliver crackdown on fossil fuel production

clock 21 November 2023 • 8 min read
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