News
Fit for 55: Deal on carbon sinks goal will increase EU 2030 climate target
MEPs and EU countries agreed to increase the EU carbon sinks target for the land use and forestry sector, which increases the EU’s 2030 greenhouse gas reduction target to 57%.
Oil and gas industry on brink of major surge in expansion – new drilling plans approved through 2025 could exhaust 17% of the global carbon budget for 1.5°C
A new briefing launched today at COP27 in Sharm-el-Sheikh by Oil Change International reveals that new oil and gas production approved to date in 2022 and at risk of approval over the
MDBs’ Climate Finance in Low and Middle-Income Countries Reaches $51 Billion in 2021
Climate finance committed by major multilateral development banks (MDBs) rose by more than 24% last year compared to 2020, according to the 2021 Joint Report on Multilateral Development Banks’ Climate Finance released

Chen Long: Creating a Digital Circular Economy for Net Zero (podcast)
In the podcast Economics & Beyond, hosted by Executive Director of the Institute for New Economic Thinking Rob Johnson, Rob and Chen discuss the results of a new report on

Stockholm +50 Supports Fiscal Incentives Such as Phasing Out Fossil Fuel Subsidies, Scaling Up Financing for Environment, and More
Delegates and stakeholders attending Stockholm+50 have called for commitment to address global environmental concerns, and for a just transition to sustainable economies. The two-day conference concluded with a statement from

Role of Fiscal Policies in a Green COVID-19 Recovery: Experience, Best Practice and Next Steps in the Asia-Pacific Region
This workshop, organized by GFPN and UNESCAP, explored the potential role of green fiscal policies in greening the Covid-19 recovery with the aim of supporting public health efforts, reducing environmental and climate change risks, and strengthening resilience to future crises by embedding inclusive and sustainable socio-economic considerations in national economic planning.
Budgeting for Sustainable Development – GFPN – University of Oxford COP26 side-event
How can fiscal policy support socio-economic development, and the environment? Join H.E. Minister Lee White of Gabon to explore new practical methods for understanding potential policy impacts during budget planning.

Land grab: How agri-subsidies encourage Irish farmers to cut back on nature
Irish farmers continue to see annual payments penalised for maintaining biodiversity hotspots despite concerns raised by the State over the climate and biodiversity crises.

‘Greta was right’: Trio of reports warns world at risk of squandering green recovery opportunity
Greta Thunberg’s accusation that world leaders are guilty of ‘blah, blah, blah’ in the face of the escalating climate crisis is ‘spot on’, according to a trio of new reports released today, which warn the opportunity provided by the coronavirus crisis to introduce sweeping fossil fuel subsidy reform and ambitious green stimulus packages is being squandered.