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A rundown of major financing commitments at COP29 so far
These include MDBs committing USD 120 bn for low- and middle-income nations
UK sets new emissions targets + Trump’s anti-climate views will not shape targets, World Bank says
The UK is now looking to reduce greenhouse gas emissions by 81% by 2035
The Loss and Damage Fund is ready to accept contributions
The fund has seen pledges surpassing USD 720 mn, with Sweden recently committing an additional USD 19 mn
UAE commits to cut carbon emissions by 47% by 2035
The UAE aims to reduce power sector’s emissions by 50%
ENEC signs another MoU to boost nuclear tech and the IFC extends financing in Africa + Iraq
The project will produce electricity and hydrogen
COP28’s adopted text sees nations agreeing to “transition away” from fossil fuels instead of phase out
The final text makes the first reference to fossil fuels in the history of UN climate talks
Masdar and ENEC continue to dominate COP28 + Tadweer inks agreements for green construction and SAF
Tadweer boosts waste recycling efforts. Masdar will build a carbon capture plant and partner with SD Ports on green hydrogen.
We have a revised text but still no fossil fuel phase out or phase down
The new draft includes much stronger language on moving away from the dirtiest sources of energy with a target to…
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