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Azerbaijan seeks contributions from fossil fuel producers for new climate fund

Azerbaijan seeks contributions from fossil fuel producers for new climate fund

Azerbaijan, hosting the Cop29 summit in November, is asking fossil fuel-producing countries and companies to fund a new initiative to help poorer nations combat climate change.

Fiona Harvey reports for The Guardian.

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Carbon-credit market needs reform to survive, study finds
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Carbon-credit market needs reform to survive, study finds

The carbon-credit industry must implement rigorous standards or face extinction, according to a new international review.

Patrick Greenfield reports for The Guardian.

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The US defends its oil and gas expansion despite climate finance promises

The US defends its oil and gas expansion despite climate finance promises

The Biden administration promises to lead global climate finance efforts, yet faces criticism for expanding oil and gas production amid its climate goals.

Fiona Harvey reports for The Guardian.

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China and the EU discuss potential tariff hikes on Chinese electric vehicles

China and the EU discuss potential tariff hikes on Chinese electric vehicles

China and the European Union are considering negotiations over the EU's decision to significantly increase tariffs on Chinese-made electric vehicles.

Elaine Kurtenbach reports for The Associated Press.

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Royal Bank of Canada faces scrutiny for funding fossil fuel projects

Royal Bank of Canada faces scrutiny for funding fossil fuel projects

RBC is under fire for its continued financing of fossil fuel projects, despite its public stance on climate change and support for Indigenous rights.

Carl Meyer reports for The Narwhal.

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GOP accuses Wall Street firms of climate collusion

GOP accuses Wall Street firms of climate collusion

House Republicans released a report accusing major investment firms of colluding with climate groups to push for environmentally friendly investing, sparking a new controversy over ESG practices.

Rachel Frazin reports for The Hill.

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Growing debt payments hinder climate action in vulnerable countries

Growing debt payments hinder climate action in vulnerable countries

Debt payments by the 50 countries most vulnerable to the climate crisis have doubled since the pandemic, hindering their ability to address global heating.

Larry Elliott reports for The Guardian.

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