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IMF AMDL say we must do more cuts for a face green green 2030

k1976

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Loyal

Exclusive: IMF chief demands end to 'business as usual' ahead of COP28​

By Simon Jessop and Karin Strohecker
November 29, 20237:34 AM GMT+8Updated a day ago





  • Summary
  • Looking at additional ways to use Special Drawing Rights
  • Carbon price needs to hit $85/ton by 2030, from $75/t
  • Working with World Bank on climate-linked restructurings
LONDON, Nov 28 (Reuters) - The head of the International Monetary Fund has called for an end to "business as usual" ahead of the start of the COP28 climate talks and warned such a route was "not viable" if the world wanted to manage global warming.
Speaking to Reuters as the annual U.N. event prepares to open in Dubai on Thursday, Kristalina Georgieva said climate-damaging carbon emissions needed to fall between 25% and 50% by 2030 but pledges so far would only lead to a "meagre" 11% cut.
 

k1976

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Plans to present meat as ‘sustainable nutrition’ at Cop28 revealed​

Documents show industry intends to go ‘full force’ in arguing meat is beneficial to the environment at climate summit
Rachel Sherrington
Wed 29 Nov 2023 06.00 EST

Big meat companies and lobby groups are planning a large presence at the Cop28 climate conference, equipped with a communications plan to get a pro-meat message heard by policymakers throughout the summit.

Documents seen by the Guardian and DeSmog show that the meat industry is poised to “tell its story and tell it well” at the Dubai conference.

The files show how the world’s largest meat company, JBS, is planning to come out in “full force” at the summit, along with other big industry hitters such as the Global Dairy Platform and the North American Meat Institute.
 

k1976

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Tax the bad’ to boost climate finance, COP28 panel advises​

aicop28291123.jpg

In economics, taxing the bad refers to levies that target harm to the public good as a way to raise revenues and discourage the activity. PHOTO: AFP
UPDATED

NOV 29, 2023, 7:32 PM SGT

DUBAI - Increasing taxes on polluting activities and cutting fossil fuel subsidies could generate trillions of dollars to tackle climate change, an advisory panel to the COP28 talks in Dubai said.

Summit host the United Arab Emirates (UAE), a major oil producer, has said the two-week meeting which starts on Nov 30 must deliver “tangible action” on climate funding, which has been squeezed by rising debt burdens, faltering political will and patchy efforts by private finance.

Higher carbon taxes – including levies on emissions from the maritime and aviation sectors – should be among options COP28 studies, the panel recommended.
https://www.straitstimes.com/#facebook
 

k1976

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Record oil and gas profits​

The report’s authors said taxes on the record profits made by oil and gas companies, from higher energy prices that followed the Ukraine war, were unlikely to get political traction, in part because many, such as the UAE’s Adnoc, are state-owned.

Co-chair Nicholas Stern, professor at London School of Economics/Grantham Research Institute, said there was a compelling case for energy companies to make voluntary contributions.

“I think that moral obligation is something that will be emphasised at COP28, and indeed before and after,” he said.

There are growing calls for a carbon levy on shipping, which transports around 90 per cent of world trade and accounts for nearly 3 per cent of the world’s carbon dioxide emissions.

Aviation, which accounts for some 2 per cent to 3 per cent of emissions, is not directly covered by the Paris Agreement, but the air transport sector has pledged to align itself with its goals.
 

laksaboy

Alfrescian (Inf)
Asset
Death to the anti-carbon cult. :FU:

This is their blueprint for enslaving humanity, the anti-carbon thing is just one part of it. Wake up.

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