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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".
Move brings the country’s advanced emissions trading scheme closer to EU model as Seoul tightens 2035 emissions-cut target.
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.
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.
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