![]() Gore went on to note that while the financing and subsidies for fossil fuels is “insane”, the potential of funding for renewable energy in Africa is being overlooked. © Unsplash/Mladen Borisov The importance of the new tool “ This should be a wake-up call to Governments and the financial sector, especially those that continue to invest in and underwrite fossil fuel pollution,” he told the COP27 plenary. ![]() Guterres explained that the data released by the initiative shows that because methane leaks, flaring, and other activities associated with oil and gas production are underreported, emissions are many times higher than previously thought. This will allow leaders to know the location and scope of emissions being released. The tool combines satellite data and artificial intelligence to show the facility-level emissions of over 70,000 sites around the world, including companies in China, US and India. ![]() Meanwhile, just two pavilion zones away, the UN Secretary-General also called out Governments and the big banks for continuing to invest in fossil fuels.Īntónio Guterres was speaking at the launch of a new independent inventory of greenhouse gas emissions created by the Climate TRACE Coalition and spearheaded by former US Vice-President Al Gore. © WFP A new AI tool to hold polluters accountable “Energy plans that can be controlled and operated by the people in the community,” Ms. The activists made clear that the best way to increase energy access worldwide and meet the needs of the most vulnerable is by investing in community-supported renewable energy plans. One million people out of the 23 million population are living in refugee camps because of gas. “Rich countries are out to grab the huge gas reserves, and people are being dispossessed of their land. Huang said that these investments are also causing incredible damage, destroying biodiversity and devastating livelihoods across the world, and she was not alone: Dipti Bhatnagar, from Friends of the Earth International in Mozambique, delivered an impassioned speech that, if the nodding heads and enthusiastic murmurs of agreement were any indication, clearly resonated among all those entering the main square of the conference centre. So, we’re urging world leaders to fulfil their commitment and stop public finance for fossil fuels,” she told UN News. But the International Energy Agency has come out and said that actually the slow transition to renewables is what is exacerbating the climate crisis and the energy crisis. “At the G7 summit last year, there was an agreement to end public finance for fossil fuels by the end of this year. Susan Huang, representing the NGO Oil Change International, was among the participants aiming to shed light on the fact that wealthy countries, as noted by the UN Secretary-General earlier this week, are still pouring money into fossil fuels at a time when we need an urgent transition to renewable energy. Over 50 activists of all ages and backgrounds took over the so-called ‘Blue Zone’ – the main area of the conference centre in Sharm el-Sheikh overseen by the UN – to chant “ Stop funding fossil fuels! Stop funding death!”
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