Phaseout

Renewables are surging globally, yet fossil fuel phase-out has stalled, says a new report by Climate Change Performance Index (CCPI) released during COP29 in Baku.

With climate finance negotiations stuck at COP29 in Baku, all eyes turned to Rio de Janeiro as the G20 summit started on Monday.

At COP29, Dutch deputy PM and climate minister Sophie Hermans announced that the UK, New Zealand, and Colombia have joined the coalition’s efforts to phase out fossil fuel incentives including subsidies.