Climate action in fossil fuel sector has ‘stalled’, says report

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Financial Times 1w ago

Climate action in fossil fuel sector has ‘stalled’, says report - Financial Times

Quick Summary:

Investors are racing to gauge what a Donald Trump presidency next year will mean for clean energy, with developers pumping the brakes on projects until they can gather more certainty over the fate of US climate policy.

On Tuesday, Shell won an appeal against a landmark order from a Dutch court to cut its greenhouse gas emissions in a setback to environmental activists aiming to accelerate climate action through litigation.

Global carbon emissions from the fossil fuel sector have grown to record highs this year, with “no sign” of peaking, according to an analysis released this week by the Global Carbon Budget.