COP26 is about to get messier with negotiators bracing for all-night sessions. Top of their list to pin down: how to create a global carbon market and who will pay for the ravages of rising temperatures.
The UK has corralled about 20 nations including the US, Canada and Italy at the COP26 climate summit to pledge to stop funding foreign fossil fuel projects, though the impact of the deal is undermined by the absence of key countries.
Richer nations will be able to deliver 100 billion dollars of climate finance to developing countries every year from 2022 - a year earlier than expected, US envoy John Kerry has said.
Deployment of carbon capture and storage (CCS) technology is moving too slowly in order to meet the Paris Agreement climate goals, according to new Scottish-led research.
Countries are setting out efforts to end coal power after 250 years at Cop26 - but concerns have been raised about the absence of major polluters in the move.
Aker has unveiled plans for a green hydrogen production facility in Shetland to help Scotland become “an exporter of clean energy” using North Sea wind resources.
More public money is needed to fund the global fight against climate change but the private sector also needs to step up, Chancellor Rishi Sunak has said.
Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out in the Paris climate agreement, as an alliance championed by former central banker Mark Carney swells under the gaze of a world increasingly alarmed by planetary warming.
The head of the North Sea oil trade body came under fire at a special COP26 BBC Debate night on Tuesday, hitting back at accusations of “greenwashing”.
Industry leaders have insisted that oil and gas firms have a “valuable role” to play in fighting climate change, despite being largely absent from the COP26 summit.
“We are as passionate about the climate challenge as Extinction Rebellion and people that protest from the outside. It’s the fire that gets us up in the morning to do the job we do.”
President Joe Biden launched an assault on methane Tuesday, declaring that reducing emissions of the heat-trapping gas is one of the most important steps that can be taken to curb global warming.
The Greenpeace vessel carrying four youth climate activists made its voyage upriver to the COP26 conference, despite initial warnings from police not to proceed.
Prime Minister Boris Johnson has launched the ‘Clean Green Initiative’ at COP26, aimed at supporting developing countries in deploying green technology and growing their economies sustainably.