Eco Digital Blog

Submitted by Meva on Thursday, December 12, 2019 - 00:15

Have you ever thought about what you would do if the climate changed the place where you live? When climate impacts hit, impacting your life and livelihood, you have to decide: stay or go. In the driest corridor of Central America, it has been years since rainfall catastrophically decreased.

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Submitted by Meva on Thursday, December 12, 2019 - 00:14

ECO would like to remind developed countries of the US$100 billion climate finance commitment they promised to deliver annually by 2020. We are not sure whether you have noticed that there is actually not much time left to hit the target, as 2020 is getting closer.

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Submitted by Meva on Thursday, December 12, 2019 - 00:13

Yesterday, Saudi Aramco, the Saudi state-owned oil company, floated 1.5% of its shares on the country's stock exchange in the world's largest Initial Public Offering. The IPO is expected to raise at least US$26 billion for the company, and potentially up to $29b - which is the largest influx of financing for fossil fuels since the Paris Agreement was signed. Aramco is also the largest single corporate source of carbon emissions since 1965.

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Submitted by Meva on Thursday, December 12, 2019 - 00:12

ECO [welcomes] [recognizes] [notes] the publication of the triad of chapeau decisions, known to all you negotiating lovelies by the melodic monikers 1/CP.25, 1/CMP.15 and 1/CMA.2.

There are good elements in the current drafts, but there is still room for improvement in the remaining [2][3][4] days of COP.

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Submitted by ECO Editor on Wednesday, December 11, 2019 - 19:18

ECO [welcomes] [recognizes] [notes] the publication of the triad of chapeau decisions, known to all you negotiating lovelies by the melodic monikers 1/CP.25, 1/CMP.15 and 1/CMA.2.

There are good elements in the current drafts, but there is still room for improvement in the remaining [2][3][4] days of COP.

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Submitted by ECO Editor on Wednesday, December 11, 2019 - 19:16

Yesterday, Saudi Aramco, the Saudi state-owned oil company, floated 1.5% of its shares on the country’s stock exchange in the world’s largest Initial Public Offering. The IPO is expected to raise at least US$26 billion for the company, and potentially up to $29b – which is the largest influx of financing for fossil fuels since the Paris Agreement was signed. Aramco is also the largest single corporate source of carbon emissions since 1965.

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Submitted by ECO Editor on Wednesday, December 11, 2019 - 19:14

ECO would like to remind developed countries of the US$100 billion climate finance commitment they promised to deliver annually by 2020. We are not sure whether you have noticed that there is actually not much time left to hit the target, as 2020 is getting closer.

Related Event:
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Submitted by ECO Editor on Wednesday, December 11, 2019 - 19:12

Have you ever thought about what you would do if the climate changed the place where you live? When climate impacts hit, impacting your life and livelihood, you have to decide: stay or go. In the driest corridor of Central America, it has been years since rainfall catastrophically decreased.

Related Event:
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Submitted by ECO Editor on Wednesday, December 11, 2019 - 19:10

Well, after already delaying a year, it looks likely that the 6-year work-plan for the Forum on the Implementation Response Measures has stalled, though discussion continues, facilitated by a pair of Ministers. 

While it sounds nice to include “recalls the imperative for a just transition,” in the draft decision, let’s be honest, there is NO action in remembering something. That is just unacceptable. 

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Submitted by ECO Editor on Wednesday, December 11, 2019 - 19:08

After a frustrating series of negotiations leading to bland compromises on unblocking funds for poor countries to make plans, a toothless criticism of the committee charged with ambition, and an unseemly struggle for control over the accounts, adaptation has been stranded at this COP.

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