fossil fuel phase-out
India Champions Climate Justice at COP30: Demanding Equity in Global Climate Action and Finance
Nov 08, 2025 08:52 pm CST
At the COP30 Leaders' Summit in Brazil, India advocated for climate justice based on equity and differentiated responsibilities, showcasing its own early achievement of climate targets while joining key forest conservation initiatives. World leaders focused on fossil fuel reduction, climate finance mobilization, and forest protection, with Brazil's President Lula calling for a "COP of truth" to address the climate crisis through concrete action and fair responsibility sharing.
Global Carbon Bomb Projects Continue Despite Climate Commitments: 28 New Fossil Fuel Ventures Since 2021
Oct 28, 2025 12:36 am CST
A new report by environmental NGOs reveals that 28 major "carbon bomb" fossil fuel extraction projects have begun operations since 2021, despite international agreements to phase out fossil fuels. These projects, along with over 2,300 smaller ventures, collectively threaten to exceed the global carbon budget for limiting warming to 1.5°C by 11 times, while major banks continue to provide $1.6 trillion in financing to the responsible companies.