Category: COP 27

Bary White

After extending the Sharm El Sheikh summit for two days, a new fund to help countries worst-hit by the effects of climate change was agreed by some 200 countries in a historic deal. Called the ‘loss and damage fund’ we don’t yet know the details of how much money it will involve, and where the cash will come from. Poor countries had been pushing for 30 years for rich countries to help foot the bill for ‘loss and damage’ caused by global warming. The summit also agreed that the world needed to cut greenhouse gas emissions nearly in half by 2030.

But critics say the COP27 UN summit in Egypt did not go far enough on cutting the emissions that cause climate change.

Continue reading “COP 27 – financial help for some but no action on fossil fuels”

Global fossil CO2 emissions are expected to grow 1.0% in 2022 as the COVID recovery continues amidst turmoil in energy markets. Growth in oil use, particularly aviation and coal use are behind most of the increase in 2022. The analysis by the Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data, including an updated full-year projection for 2022. The comprehensive report revealed that global fossil CO2 emissions 0F 1 were expected to grow 1.0% in 2022 (with an uncertainty range of 0.1% to 1.9%). The decline in 2020 of -5.2% because of COVID19 restrictions, was quickly erased by a 5.6% increase in 2021. Global fossil CO2 emissions have now grown 0.6% per year over the last 10 years the report found.

Continue reading “This year’s emissions expected to hit new high – no decline in sight”