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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. We ask the international financial institutions to offer support to countries in this process.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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The International Energy Agency, for example, now considers 4°C and 6°C scenarios as well as 2°C in their latest analysis. —Leo Johnson, Partner, Sustainability and Climate Change, PwC. The new reality is a much more challenging future in terms of planning, financing and predictability. —PwC report.

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UN report highlights urgent need to tackle impact of EV battery production boom

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The shift to electric mobility is in line with ongoing efforts to reduce the world’s dependence on fossil fuels, and reduce harmful greenhouse gas emissions responsible for climate change. In the DRC, this would mean building processing plants and refineries that would add value and, potentially, jobs within the country. Source: UN.

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