⚡ NEW⚡Global North G20 countries put 58X more public finance into climate-wrecking fossil fuel projects each year in 2020-2022 than they have in the new #lossanddamage fund. There's no scarcity of public money, it's just flowing to the wrong places! priceofoil.org/public-enemies/

⚡ Just Released ⚡New @PriceOfOil and @FOE_US report shows a handful of governments are blocking a just transition to renewable energy by pouring billions 💵 into fossil fuel projects every year.

Read the report 📰 priceofoil.org/public-enemies/

G20 governments provided $142 billion for international fossil fuels projects 2020-2022. Very little of this 💵 flows to low income countries & when it does it often leaves debt, destruction, and inequality rather than development in its wake. READ MORE: priceofoil.org/public-enemies/

🌍 New Analysis shows 🇪🇺EU doesn't need to expand oil + gas supply to meet declining energy demand 📉
We released a new report 'On Thin Ice,' about the future of energy in the EU. Here are the takeaways 🧵:
priceofoil.org/2024/02/21/nor…
Transport & Environment Zero Carbon Analytics WWF Verdens naturfond Greenpeace Norge

In the face of climate breakdown, civil society is sending a clear message: governments that continue to use taxpayers’ money to fund fossil fuels should expect a lawsuit.
Centre for Environmental Rights ClientEarth climatechangenews.com/2024/02/28/whe…

🚨New piece: President Biden should follow up his move to restrain fossil fuel expansion at home by supporting measures to end fossil fuel finance for overseas projects too.

✍️Nina Pušić 🍉 and Kate DeAngelis Friends of the Earth (Action) for The Guardian theguardian.com/environment/20…

People power put a full/fast/fair/funded fossil fuel phaseout at the top of the #COP28 agenda. While we didn’t get there, the agreement calls to ‘transition away from fossil fuels,’ sending a signal to the fossil fuel industry that its days are numbered. priceofoil.org/2023/12/13/cop…

Hear hear!! rich countries say they want a global phase out of fossil fuels, but they are refusing to fund it. There is simply not enough in the current text for African countries to believe there will be finance to help them leapfrog dirty energy nor adapt to climate impacts…

Today at #COP28 world adopted historic decision that is strongly guided by 1.5 C limit. There is an unmistakable signal that future is renewables & not fossil fuels. For 1st time, countries made decision to transition away from FF, accelerating action in this critical decade 1/3

The world has declared the end of the fossil fuel era at #COP28 .

This is an extraordinary turning point for these negotiations that has come far later than it needed to.

Policy makers and investors take note: you will be held to this decision. No loopholes, no delay.

🔥A hot take on #COP28 :
The #FossilFuels industry tried every trick to protect its interest:
📍hosting COP in a repressive country to tame dissent
🎩placing one of its CEO in charge of COP
🤑sending thousands of lobbyists
😡coordinating a last ditch defence through OPEC
A🧵⬇️

#COP28 Dubai Summit - a fossil-fueled failure that did not pass the fundamental test of life vs #FossilFuels . The mention of fossil fuels was hard won, but the outcome is riddled with loopholes and dangerous distractions.
My take in a brief 🧵👇

“It’s simple: You have to turn off the tap before you begin mopping the floor. Countries can’t phase out fossil fuels w/o stopping oil + gas expansion.”

– Thuli Makama of Oil Change International on dangerous fossil fuel expansion by rich countries like US, UK, Norway. #EndFossilFuels #COP28

At #COP28 USA, UK & others hypocritically claiming to be champions of phaseout language, defenders of 1.5c, whilst for last decades refusing to cut their own emissions, breaking promises on climate finance, promoting huge loopholes and announcing huge domestic fossil expansion.

1/2. “The stronger the language we are going to get on equity and #ClimateFinance the stronger the language we are going to be able to get on things like a #FossilFuel phase out. Those two things go hand in hand.” Brandon Wu of ActionAid USA via Climate Action Network International (CAN).

I’ve been surprised at the relative lack of attention toward Dubai’s consistently unhealthy air during #COP28 .

The smoggy backdrop to talks underscores the link between health, #airquality , and #fossilfuels .

It's yet another reason why #FossilFuelPhaseOut is so critical.

🧵

Finance is where the whole energy transition plan will stand or fall. This process might deliver an agreement to move away from fossil fuels, but it’s failing to deliver a plan to fund it. Unless the finance is provided, developing countries will not be able to do it. If rich…

Although we’re sending a signal with one hand, there’s still too many loopholes on unproven & expensive technologies like carbon capture & storage which fossil fuel interests will try and use to keep dirty energy on life support.

Here are my thoughts on the latest #COP28 text.

On fossil fuels:

For the first time in three decades of climate negotiations the words fossil fuels have made it into a COP outcome. We are finally naming the elephant in the room. The genie is never going back into the bottle &…

'We didn't come here to sign our death sentences and the text in its current state is that.

And we know COP is not yet over. We know that leaders and our negotiators are still in there, holding the line and they're still fighting.' — 🗣️Joseph Sikulu of 350 Pacific