COP28

With the beginning of Cop28 hosted by the United Arab Emirates in Dubai, Italy's failure to comply with the Glasgow Declaration, signed in 2020 on the occasion of Cop26, came to light.The declaration provided for a stop to new financing for fossil fuels by December 31, 2022.What emerges from a recent report by Oil Change International is that, in the first six months of 2023, Italy has instead invested 1.2 billion dollars in public subsidies for fossil fuels, a sum so substantial that it places it second to world, preceded only by the 1.5 billion dollar investment from the United States. The declaration signed in Glasgow in 2020 envisaged a gradual and not immediate reduction in funding for fossil fuels, and allowed limited support for works already underway, with the common aim of directing investments towards the energy transition and the fight against climate change .The European Union therefore aims to reduce public subsidies aimed at funding for the search for new fossil deposits...

It had been clear for some time that the United Nations climate summit was a farce, but nevertheless it was difficult to believe that it could have been done even worse.This year, however, the contradictions and potential conflicts of interest have even been put out in the open, in plain sight, before everyone's eyes.The result is, to put it simply, decisions that are supposed to solve the climate crisis they were placed in the hands of those who caused it.The 28th Climate Conference of the Parties (COP28) will take place in the United Arab Emirates and will be chaired by the head of the nation's oil giant.Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC), will have the task of defining the agenda of the main international conference on climate issues, playing a central role in the negotiations aimed at reaching, in theory, a consensus on points such as the reduction of CO2 emissions and the progressive abandonment of fossil fuels.An absurdity signed by the Unite...

The global climate summit is well into overtime late Tuesday night in Dubai, with no deal on the meeting’s final agreement, and countries are bitterly divided over whether to call time on fossil fuels. Negotiators are scrambling last-ditch meetings to salvage more ambitious language to address the cause of the climate crisis. The latest draft of the COP28 summit’s centerpiece agreement published Monday dropped previous references to phasing out fossil fuels, stoking anger and frustration among some nations and advocates. More than 100 countries support a phase-out of fossil fuels in some form. Instead, the watered-down draft offers a list of actions that countries “could” take to reduce their planet-heating emissions, one of which is reducing the consumption and production of oil, coal and gas. An ambitious deadline set by COP28 President Sultan Al Jaber to strike a deal on a package of agreements expir...