The world's renewable energy grew at its fastest rate in the past 25 years in 2023, the International Energy Agency reported on Thursday in its first assessment since nations agreed in December on ambitious new targets to slow dangerous climate change.
Azerbaijan's ecology minister has been named to lead the United Nations' annual climate talks later this year, prompting concern from some climate activists over his former ties to the state oil company.
Previous summits have ended with funds established to help developing countries transition to green energies, pledges to slash pollution and promises to keep people most vulnerable at the centre of policy discussions.
A new draft released Monday afternoon on what's known as the global stocktake — the part of talks that assesses where the world is at with its climate goals and how it can reach them — called for countries to reduce “consumption and production of fossil fuels, in a just, orderly and equitable manner."
A prominent developing-world leader on the issue of climate change said Monday that global taxes on the financial services, oil and gas, and shipping industries could drum up hundreds of billions of dollars for poorer countries to adapt and cope with global warming.
The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extreme weather events fuelled by human-caused climate change, the International Energy Agency said.