Fourteen major banks and financial institutions back COP28 goal of tripling nuclear capacity by 2050
Baku list of priorities focuses on batteries and the grid rather than the phaseout of oil and gas and coal consumption
EU bloc among countries putting pressure on COP29 hosts Azerbaijan to prioritise end to use of polluting fuels
Former Irish president Mary Robinson and Bangladesh’s Muhammad Yunus lead objections ahead of New York summit
UAE and Saudi Arabia are leading region’s efforts to reduce dependence on oil and gas
Pledge to provide finance to help emerging countries cut emissions first made in 2009
Organisation urged to update its conflict of interest guidelines to ‘ensure this does not happen again’
Head of last year’s climate negotiations holds event in Abu Dhabi for Silicon Valley and oil executives
Baku still ‘working on’ its own climate plan as president argues fossil fuels will be needed for ‘years to come’
Simon Stiell says finance is ‘make or break’ factor in fighting global warming
Demand for rare metals is likely to soar over the next 10 years
Final tally of more than 65,000 core participants exceeds previous attendance by 80%
Beyond the headline statement, three new pledges might cut demand for fossil fuels and eliminate potent emissions
Plus, was COP28 a historic success or a resounding failure?
EU futures contracts drop below €66 per tonne in London after traders left unconvinced by wording of agreement
US President Joe Biden’s strong criticism of Israel is a sign of tensions between the two allies
The FT’s Simon Mundy assesses the climate change deal reached in Dubai
Revised UN agreement strengthened but alliance of small-island states complains about ‘litany of loopholes’
Fossil fuel economies resist pressure from vulnerable countries needing financial assistance to deal with climate change
Climate agreement may fail to result in falls in oil and gas production
Also in this newsletter: UK stagnation fears resurface, poor countries’ debt costs hit ‘crisis’ point, US mortgage rates fall to lowest level since July
Some progress, but some glaring gaps
Call to move away from fossil fuels lacks deadlines to phase them out
Kingdom backed by other petrostates but many countries call for commitment to phase out fossil fuels
