Economy & Business

Azerbaijan Plans Climate Fund After Pushback On Fossil-Fuel Levy: Source

"Azerbaijan, host of this year's U.N. COP29 climate summit, has scrapped plans to propose a levy on fossil-fuel producers to raise climate-change funding, and instead aims to launch a new fund at the summit for green investments in poorer countries, a senior COP29 source said."

Source: Reuters, 07/11/2024

Will the Coming Plastics Treaty Solve the Problem Or Enshrine It?

A major intergovernmental gathering later this year will address plastic pollution, including in oceans. But an overview from our Issue Backgrounder notes that the likelihood of solving the problem may be small. One reason? Petrochemical industry lobbying. Another? The shifting world market for plastic waste. And there are more concerns, such as the effectiveness of incineration and chemical recycling techniques. More, including questions to ask, in Backgrounder.

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