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An international group of states, including France, Spain and Kenya, has set up a working group on international climate taxes. Within two years, they plan to make proposals on how international carbon taxes can generate more revenue for climate action.
By Nico Beckert
A consortium of 200 scientists warns of ten risk factors in Earth's system: exceeding 1.5 degrees, weakening CO2 reservoirs, melting glaciers, and lack of political decisions.
By Bernhard Pötter
Brazil presented a new idea for forest conservation at COP28: In the future, money will be awarded for every preserved hectare and high fines for every cleared hectare. The "Tropical Forests Forever" fund could be launched at COP30. Many details are still open.
By Alexandra Endres
At COP28, the USA and 21 other countries have signed a declaration on tripling nuclear power capacity by 2050, a step intended to help achieve the climate targets.
By Markus Grabitz
At COP28, it becomes clear that countries' national budgets alone can hardly finance the global energy transition. Private capital is urgently needed for investments. More and more proposals are making the rounds.
By Bernhard Pötter
Darren Woods, CEO of ExxonMobil, favors oil and gas more than almost any other top executive. Woods complains that COP28 talks too much about ending fossil fuels. Exxon is investing billions in shale oil and carbon capture technologies.
By Nico Beckert
On Saturday, a global initiative to triple renewables and double energy efficiency by 2030 was officially launched in Dubai. The demands of 118 countries are clear: This target must also be included in COP28's final text.
By Markus Grabitz
At COP28, progress is being made in the fight against methane emissions. The United States has adopted stricter regulation; Turkmenistan, one of the biggest polluters, joined the Global Methane Pledge. And COP President Al Jaber united dozens of companies in one initiative.
By Nico Beckert
After the speeches by the heads of state and government, the mood at the climate summit remains cautiously positive. Most speak of cooperation and necessary progress, and many new big promises have been made. But the controversial issues are only now on the table.
By Bernhard Pötter