Wed. Oct 23rd, 2024

Good morning from Dubai! It’s set to be another busy day here at COP28 and we’ll be bringing you stories from across the conference throughout the day. 

But first, let’s catch up on what you might have missed yesterday. 

117 governments pledged to triple the world’s renewable energy capacity by 2030.
 50 fossil fuel firms signed net zero and methane pledges – but they only cover the production of oil and gas, not the emissions produced by the actual product when it is burned. 
A slew of new countries swore off coal use including Czech Republic – one of the three big coal laggards in the EU.
Financial pledges continued to pour in with Norway announcing a $25 million (€23m) contribution to the loss and damage fund. The US promised $3 billion (€2.76bn) for the Green Climate Fund.
Private institutions earmarked $1 billion (around €920,000) for climate and health. But experts have warned of the need to honour these pledges in the long term.
As speeches from world leaders continued, the Global South and Pope Francis took aim at the Global North while others took the opportunity to highlight the environmental damage caused by the bombing of Gaza. 

If you need a refresher on what this whole thing is about, check out our explainer:

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