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The Latest Breaking News on The corporate world is falling short in the fight against climate change

Hindu joins over 30 leading dailies to call for climate tax on fossil fuel firms

While climate finance remains among the most contested points at the Cop27 climate summit in Egypt, several media organisations across the globe have now released a joint editorial urging governments to boost climate funding by imposing high taxes on fossil fuel majors.

Newslaundry

PM accused of ‘undermining UK’s reputation’ as green world leader

RISHI Sunak has come under fire for “undermining the UK’s reputation” as a leader in the fight against climate change.

The National (Scotland)

Climate backsliding fears and a rallying call: what happened on day eight at Cop27

Previous pledges are being picked over by countries and more than 30 media titles urge radical thinking

The Guardian - UK

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Will this be the COP that loses the 1.5 C target?

"The pace of things has been incredibly slow." Rod Oram at the global climate summit finds a vibe of inaction that's worrying some attendees

Newsroom.co.nz

Fear of backsliding on Glasgow pledges dominates Cop27

Tentative drafts are emerging but some countries appear to be seeking to water down commitments agreed last year

The Guardian - UK

Developing countries, China seek 'loss and damage' fund - draft proposal

The G77 bloc of developing countries and China are proposing the establishment of a new 'loss and damage' fund to provide finance to countries hit by climate disasters, a draft text of their proposal to the COP27 summit showed.

Reuters

Global climate finance leaves out cities: fixing it is critical to battling climate change

Under the Paris Agreement, which came into force in 2016, countries agreed to reduce their greenhouse gas emissions and work together to adapt to the effects of climate change. To act on this, and codify their individual commitments, each country submitted its so-called Nationally Determined Contribution.

The Conversation

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European Investment Bank to Help Egypt Overcome ‘Scarcity of Resources’

The Egyptian presidency has sought to put water at the heart of climate action to overcome water scarcity and improve its resources. Dr.

Asharq Al-Awsat

The Latest | UN Climate Summit

The prime minister of Samoa appealed Tuesday to countries gathered at the U.N. climate talks in Egypt to respond as strongly to the threat of global warming as they did to the coronavirus pandemic

The Independent UK

Sticking points slow deal-making at COP27 climate talks

Government ministers and negotiators from nearly 200 countries on Tuesday began the slog of finding common ground for a deal at the annual U.N. climate summit, as host country Egypt assured that the slow-moving talks were on track.

Reuters

Climate activist blasts leaders holding onto fossil projects

Ugandan climate activist Vanessa Nakate slammed world leaders who persist in backing new fossil fuel projects despite science warnings that this will push temperatures across the planet to dangerous highs

The Independent UK

Cop27: ‘All of you are war criminals’: activist disrupts Russia event at Cop27 – as it happened

Russian event at Cop27 interrupted by protesters repeatedly shouting ‘you are war criminals’

The Guardian - UK

US, China climate envoys to 'meet later' at UN summit

U.S. climate envoy John Kerry indicated on Tuesday he’ll be meeting his Chinese counterpart at annual United Nations climate talks underway in Egypt

The Independent UK

Impose climate tax on fossil fuel giants, media groups urge

The Guardian and dozens of international media titles publish a joint editorial calling for radical thinking on how to fund climate action in poorer countries

The Guardian - UK

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The Guardian - UK

The Guardian view on Cop27: this is no time for apathy or complacency

Editorial: This editorial calling for action from world leaders on the climate crisis is published today by more than 30 media organisations in more than 20 countries

Tribune News Service

Clock is ticking for negotiators at climate conference in Egypt

It’s crunch time for diplomats at the United Nations-sponsored COP27 climate conference in Egypt, with dwindling days left to resolve the thorny issue of how poor countries should be compensated for the harm inflicted by global warming they didn’t cause.

Reuters

What to watch on Tuesday at COP27

With COP27 climate summit negotiations grinding over political points and technical details, delegates were hoping the G20 summit starting Tuesday in Indonesia offers a boost to ambition for global action on fighting climate change.

The Guardian - AU

Many Australians look at the world and see it heading the wrong way. Is democracy no longer the faction of choice?

If we want to rebuild the rotting foundations of democracy, we must start by restoring workers’ rights

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The Guardian - UK

Anxiety grows over risk to 1.5C: what happened on day seven at Cop27

Indigenous women from the Amazon held a press conference and developing countries criticised the G7’s loss and damage strategy

Daily Mirror

Climate criminals will be punished under new Labour law, David Lammy to tell Cop27

The shadow foreign secretary will tell delegates in Sharm el-Sheikh on Tuesday that Labour would put the environment at the top of the international agenda by pushing for climate action to “become a fourth pillar of the UN”

The Guardian - UK

Limit of 1.5C global heating is at risk, Alok Sharma warns at Cop27

Previous summit’s president tells ministers no ‘backsliding’ must be allowed over climate crisis ‘red line’

The Conversation

Why COP27 should be the last of these pointless corporate love-ins

It’s a glorious afternoon at a luxury resort in Egypt, with six swimming pools leading to a lovely little stretch of beach on the Red Sea. A salsa aquatic class in one of the pools has several enthusiastic participants. Elsewhere, guests are lounging on deck chairs sipping ice cold cocktails.…

Newsroom.co.nz

Rod Oram: Climate summit clogged by indecision

Political leaders at the global climate summit are handed an over-long list of unsolved issues to sort this week - and NZ wins Fossil of the Day award

Reuters

COP27 considers 'loss and damage' fund, but has yet to commit - draft text

The United Nations on Monday published a draft text setting out what the COP27 climate summit could agree on "loss and damage" financing for countries ravaged by climate impacts.

Axios

Carbon emissions likely to reach an all-time high this year: report

Climate negotiators are wrestling with the toughest challenges that divide rich and poor nations.

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