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GHAZIABAD, INDIA - JULY 18: Many houses in Badarpur village have developed cracks due to flooding while some have even collapsed due to recent flooding after breach at Alipur embankment, on July 18, 2023 in Ghaziabad, India. Photo by Sakib Ali/Hindustan Times  Yamuna Floods Disturbed Life Of Delhi-NCR PUBLICATIONxNOTxINxIND

Loss & damage funds: critical questions remain unanswered

The rifts between developed and developing countries on the so-called loss and damage fund remain wide. Even at its penultimate meeting before COP28, the Transitional Committee made little relevant progress. The time until the decision is running out.

By Bernhard Pötter

TM_Emissionsminderung-G20-Laender_EN01

IMF: Subsidy reduction creates climate targets

A new report by the International Monetary Fund shows that government subsidies for fossil fuels reached a new record of seven trillion US dollars in 2022. A comprehensive reform could drastically lower global emissions, save millions of lives, and generate billions for countries to make necessary investments.

By Bernhard Pötter