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Issue 429 - 17 December 2020

UK acts on fossil fuel funding

Subscriber

The UK government has announced that it will no longer provide funding for fossil fuel projects overseas as it prepares to host the COP26 climate conference in Glasgow next year. The UK has been talking up plans for a green economy as the end of the Brexit transition period approaches, and funding from UK Export Finance (UKEF) for oil and gas projects has attracted criticism at a time when Prime Minister Boris Johnson is keen to position the UK as a global leader on climate change.

Mozambique
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World leaders failed to secure a binding global treaty on reducing carbon emissions at the UN Climate Change Conference in Copenhagen – not least due to opposition from a radical group including Venezuela and Sudan, as well as differences between global giants led by the United States and China. Leaders did secure a deal to limit