This year, ‘greenrinsing’ – shifting climate targets after luring investment – cast a shadow over corporate decarbonisation efforts, while fossil fuel firms leaned on carbon capture technologies to justify ongoing expansion and promoted natural gas as "clean".
Carbon dioxide (CO2) emissions from fossil fuels and cement will rise around 1.1 per cent in 2025, reaching a record 38.1 billion tonnes of CO2 (GtCO2), according to the latest figures from the Global Carbon Project.
Indonesia is the “most blatant example yet of corporate capture by a developing country” at this year’s climate summit in Brazil, a non-profit said. Meanwhile, Indonesia has reaffirmed its 2060 net zero target.