Oil and gas profits could fund global climate efforts, study suggests

A new study argues that taxing excess oil and gas profits could provide billions of dollars in climate financing, easing the financial burden on developing countries.Maxwell Radwin reports for Mongabay.In short:Oil and gas companies earned $495 billion in unexpected profits in 2022 due to energy price spikes from the Russia-Ukraine war.A 30% tax on these profits could have raised...

Supreme Court railway case could redefine environmental impact reviews

A Supreme Court case over a proposed Utah railway may alter how federal agencies assess environmental impacts, potentially affecting projects nationwide.Wyatt Myskow reports for...

Atlantic circulation collapse? New clues on the fate of a crucial conveyor belt » Yale Climate Connections

Among the many reasons why we ought to cut climate-warming greenhouse gas emissions as quickly and sharply as possible, the weakening of a system...

Interior To Auction 400,000 Acres In ANWR To Meet Federal Leasing Requirement

The Department of the Interior said it would hold an oil and gas auction for 400,000 acres in the Arctic National Wildlife Refuge (ANWR)...

Wealthy nations and developing countries clash over climate funding at COP29

Developing nations are pressing for trillions in climate aid, while wealthy countries offer significantly less, sparking tensions at COP29 negotiations.Sara Schonhardt, Zack Colman, Zia Weise and Karl Mathiesen report for POLITICO.In short:Developing countries demand $1 trillion annually in climate financing, including $300 billion from public funds, to transition to clean energy and address climate impacts.The EU proposes $200-300 billion...

Travel News

What's happening now?

Explore more articles

Most Viewed

Recommended for you

‘A significant commitment’: Australia must now enshrine Loss and Damage in new finance package

BAKU, Tuesday 19 November 2024 — In response to Minister Chris Bowen’s announcement from COP29 today that...

Alberta’s trout habitat shrinks as streams warm » Yale Climate Connections

Bull trout, Athabasca rainbow trout, and Westslope cutthroat trout live in icy streams that flow down from the mountains of Alberta, Canada. But as the...

Climate impacts on water could raise clean energy costs in the US West

Plans to decarbonize electricity grids in the U.S. West by 2050 face significant cost increases due to climate-driven impacts on water resources, a study...

Faith leaders rally against climate setbacks under new Trump administration

Religious leaders from diverse faiths are preparing to resist anticipated environmental rollbacks under President-elect Donald Trump, drawing on their spiritual beliefs to promote climate...

Global treaty to curb plastic pollution faces final negotiations

The Biden administration made a big bet on hydrogen — with seven proposed, federally funded hydrogen hub networks, an initiative born from the administration’s...

Final Thoughts on COP29 – Climate Generation

As I sit here, waiting to depart Baku, I am distraught, exhausted, disappointed, concerned, and ready to get the heck out of here. I usually...

Can climate funders overcome fear to tread in conflict zones? 

At COP29, fragile climate-vulnerable countries launched a network aimed at securing the...

Sabin 33 #6 – Are solar projects harming biodiversity?

Sabin 33 #6 - Are solar projects harming biodiversity? Posted on 10 December 2024 by BaerbelWOn November...

¿Existe algún apoyo para los que plantamos árboles individualmente, como tierra, semillas o productos (herramientas de trabajo)? » Yale Climate Connections

Uno de nuestros lectores nos preguntó: ¿Existe algún apoyo para los que plantamos árboles individualmente, como tierra, semillas o productos (herramientas de trabajo)? Gracias. La periodista...

EU delays deforestation law enforcement

The European Union will postpone enforcing its anti-deforestation law by one year, citing readiness concerns, but the law's strict requirements remain unchanged.Anne-Sophie Brändlin reports for Deutsche Welle.In short:The EU Deforestation Regulation, designed to ensure supply chains do not contribute...

All You Need