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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".
In a tense closing plenary, countries protested the lack of finance and new adaptation indicators, amid a failure to include fossil fuels in the final agreement. The hard-won inclusion of the just transition work programme was overshadowed by vague funding promises and the exclusion of critical minerals.
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.
The latest round of country climate plans ‘barely move the needle’ on future warming, the head of the UN Environment Programme (UNEP) has warned.
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