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The EU, US, and other nations are negotiating a plan to limit financial support for foreign oil and gas projects, aiming for a deal at the OECD meeting in Paris before President-elect Donald Trump takes office. This agreement seeks to build on existing rules that restrict export-credit agencies from financing unabated coal projects.
Colombia is racing to secure up to $10 billion in climate finance from the US before Donald Trump takes office, aiming to transition from a fossil fuel-based economy to green investments. If negotiations fail, China may become an alternative source of funding. The plan, part of a $40 billion strategy, seeks to replace declining fossil fuel revenues and is seen as a potential model for other nations pursuing similar transitions.
The Biden administration is considering a significant international agreement to limit financial backing for foreign oil and gas projects ahead of crucial talks in Paris. Securing this deal is vital to fulfill a commitment made by President Biden during his first year in office. However, final decisions on the negotiating stance were still pending as the deadline approached for discussions among OECD members.
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eu us seek oil funding restrictions ahead of trump administration
16:02 20.11.2024
colombia seeks urgent us climate funding amid political uncertainty
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07:48 19.11.2024
biden considers international fossil fuel finance restrictions ahead of paris talks
19:34 16.11.2024
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