Countries eye COP29 finance deal while subsidising climate damage | News | Eco-Business

<!doctype html> <html class="js-off js enhanced js-focus-visible" lang="en" > <head> <meta charset="utf-8" /> <meta http-equiv="x-ua-compatible" content="ie=edge"> <meta name="HandheldFriendly" content="True" /> <meta name="viewport" content="width=device-width, initial-scale=1"> <link rel="preconnect" href="https://eco-business.imgix.net"> <link rel="preconnect" href="https://d11qvh2fgoiqjh.cloudfront.net" crossorigin> <link rel="dns-prefetch" href="https://eco-business.imgix.net"> <link rel="dns-prefetch" href="https://d11qvh2fgoiqjh.cloudfront.net"> <title>Countries eye COP29 finance deal while subsidising climate damage | News | Eco-Business | Asia Pacific</title> <meta name="description" content="The G20 in Rio de Janeiro recommitted to tackling fossil fuel subsidies, but vulnerable communities need support." /> <meta name="author" content="Eco-Business" /> <meta name="keywords" content="" /> <meta name="msvalidate.01" content="408D956B04D785246F0716C2541B3974" /> <script src="https://cdn.usefathom.com/script.js" data-site="XRUMGGSJ" defer></script> <script> (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-NH3K3VX'); </script> <script> const djangoLanguageCode = "en"; const lazySizesStaticURL = "https://d11qvh2fgoiqjh.cloudfront.net/static/js/libs/lazysizes.min.887075a85122.js" docClass = document.documentElement.className; document.documentElement.className = docClass.replace(/\bjs-off\b/g, 'js-on'); </script> <link rel="icon" href="https://d11qvh2fgoiqjh.cloudfront.net/static/img/favicon.6526ddc25826.ico" type="image/x-icon" />  <link rel="alternate" type="application/rss+xml" title="" href="/feeds/all/" /> <link rel="alternate" type="application/rss+xml" title="" href="/feeds/news/" /> <link rel="alternate" type="application/rss+xml" title="" href="/feeds/opinion/" /> <link rel="alternate" type="application/rss+xml" title="" href="/feeds/jobs/" /> <link rel="alternate" type="application/rss+xml" title="" href="/feeds/events/" /> <link rel="alternate" type="application/rss+xml" title="" href="/feeds/press-releases/" /> <link rel="alternate" type="application/rss+xml" title="" href="/feeds/research/" />  <link rel="canonical" href="https://www.eco-business.com/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/" /> <link rel="alternate" hreflang="en" href="https://www.eco-business.com/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/" /> <link rel="alternate" hreflang="zh-hans" href="https://www.eco-business.com/zh-hans/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/" /> <link rel="alternate" hreflang="id" href="https://www.eco-business.com/id/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/" /> <link rel="alternate" hreflang="ms" href="https://www.eco-business.com/ms/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/" /> <link rel="alternate" hreflang="x-default" href="https://www.eco-business.com/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/" /> <link rel="preload" href="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/eco-business-logo.cf191c09fb92.svg" as="image" type="image/svg+xml"> <link rel="preload" href="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-buch-py39.5a136ed5082e.woff2" as="font" type="font/woff2" crossorigin> <link rel="preload" href="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-bold-py39.072884a4136a.woff2" as="font" type="font/woff2" crossorigin> <link rel="preload" href="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-semibold-py39.81a14c06a763.woff2" as="font" type="font/woff2" crossorigin> <link rel="preload" fetchpriority="high" as="image" type="image/avif" href="https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=320" imagesrcset="https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=320 640w, https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=700 700w, https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=480 960w, https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=700 1400w, https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=1100 2200w" imagesizes="(min-width: 1300px) 1100px, (min-width: 740px) 700px, 100vw" > <style type="text/css"> @font-face { font-family: "Sohne"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-buch-py39.5a136ed5082e.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-buch-py39.3f75693e169b.woff") format("woff"); font-weight: 400; font-style: normal; font-display: swap; } @font-face { font-family: "Sohne"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-buch-kursiv-py39.22734a6a16ec.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-buch-kursiv-py39.cdaa4a36b524.woff") format("woff"); font-weight: 400; font-style: italic; font-display: swap; } @font-face { font-family: "Sohne"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-kraftig-py39.edb5709d70b1.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-kraftig-py39.4d08310a9fe4.woff") format("woff"); font-weight: 500; font-style: normal; font-display: swap; } /* @font-face { font-family: "Sohne"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-kraftig-kursiv-py39.fcad75c4d5ba.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-kraftig-kursiv-py39.bb623af2b4d7.woff") format("woff"); font-weight: 500; font-style: italic; font-display: swap; } */ @font-face { font-family: "Sohne"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-halbfett-py39.40442b6cc47e.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-halbfett-py39.2964f9a36d1e.woff") format("woff"); font-weight: 600; font-style: normal; font-display: swap; } /* @font-face { font-family: "Sohne"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-halbfett-kursiv-py39.da22cda9f074.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-halbfett-kursiv-py39.0826cdb9e0ae.woff") format("woff"); font-weight: 600; font-style: italic; font-display: swap; } */ @font-face { font-family: "Sohne"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-dreiviertelfett-py39.099d29c7952a.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-dreiviertelfett-py39.bba2a665e8a2.woff") format("woff"); font-weight: 700; font-style: normal; font-display: swap; } @font-face { font-family: "Sohne"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-dreiviertelfett-kursiv-py39.7cd364a79ada.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/soehne/soehne-web-dreiviertelfett-kursiv-py39.d0e73d2633c7.woff") format("woff"); font-weight: 700; font-style: italic; font-display: swap; } @font-face { font-family: "Tiempos Headline"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-regular-py39.dc43c6a41fb3.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-regular-py39.4f4c92604acc.woff") format("woff"); font-weight: 400; font-style: normal; font-display: swap; } @font-face { font-family: "Tiempos Headline"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-medium-py39.be28eb695ec3.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-medium-py39.a95dfca46ad7.woff") format("woff"); font-weight: 500; font-style: normal; font-display: swap; } @font-face { font-family: "Tiempos Headline"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-semibold-py39.81a14c06a763.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-semibold-py39.733fbe0bd0f3.woff") format("woff"); font-weight: 600; font-style: normal; font-display: swap; } @font-face { font-family: "Tiempos Headline"; src: url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-bold-py39.072884a4136a.woff2") format("woff2"), url("https://d11qvh2fgoiqjh.cloudfront.net/static/assets/fonts/tiempos/tiempos-headline-web-bold-py39.14143b21d18b.woff") format("woff"); font-weight: 700; font-style: normal; font-display: swap; } </style> <link rel="stylesheet" type="text/css" href="https://d11qvh2fgoiqjh.cloudfront.net/static/css/eb-biosphere.f837d9a58b72.css" /> <script src="https://d11qvh2fgoiqjh.cloudfront.net/static/js/libs/jquery-3.6.0.min.8fb8fee4fcc3.js"></script> <script type="text/plain" data-consent="marketing"> var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; (function() { var gads = document.createElement('script'); gads.async = true; gads.type = 'text/javascript'; gads.src = 'https://securepubads.g.doubleclick.net/tag/js/gpt.js'; var node = document.getElementsByTagName('script')[0]; node.parentNode.insertBefore(gads, node); })(); $(document).ready(function(){ var dfpslots=$("body").find(".ad-slot__ad").filter(":visible"), i=0, slot = new Array(); if (dfpslots.length) { googletag.cmd.push(function() { $(dfpslots).each(function(){ if ($(this).attr('data-sizes')) { var sizes = $(this).data('sizes'); for (var i=0; i < sizes.length; i++){ } } else { var sizes = [$(this).width(), $(this).height()]; } // console.log($(this).attr('data-dfp')); slot[i] = googletag.defineSlot('/16222413/'+$(this).attr('data-dfp'), sizes, $(this).attr('id')).addService(googletag.pubads()); // if ($(this).attr('data-cids')) slot[i].set("adsense_channel_ids", $(this).attr('data-cids')); i++ }); googletag.pubads().enableSingleRequest(); // Breaks channel reporting googletag.enableServices(); $(dfpslots).each(function(){ googletag.display($(this).attr('id')); }); }); } }); </script> <script type="text/javascript"> jQuery(document).ready(function($) { // use the template tags in our JavaScript call $.postCSRF("/hitcount/hit/ajax/", {hitcountPK: "60935"}) .done(function(data) { $('<i />').text(data.hit_counted).attr('id','hit-counted-value').appendTo('#hit-counted'); $('#hit-response').text(data.hit_message); }) .fail(function(data) { // console.log('POST failed'); // console.log(data); }); }); </script>  <meta property="og:site_name" content="Eco-Business"> <meta property="og:title" content="Countries eye COP29 finance deal while subsidising climate damage"> <meta property="og:url" content="https://www.eco-business.com/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/"> <meta property="og:image" content="https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?fit=crop&h=801&ixlib=django-1.2.0&q=85&w=1200"> <meta property="og:description" content="The G20 in Rio de Janeiro recommitted to tackling fossil fuel subsidies, but vulnerable communities need support."> <meta property="og:type" content="article"> <meta property="article:publisher" content="https://www.facebook.com/EcoBusinessMedia"> <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:site" content="@ecobusinesscom"> <meta name="twitter:title" content="Countries eye COP29 finance deal while subsidising climate damage"/> <meta name="twitter:description" content="The G20 in Rio de Janeiro recommitted to tackling fossil fuel subsidies, but vulnerable communities need support."> <meta name="twitter:image:src" content="https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?fit=crop&h=801&ixlib=django-1.2.0&q=85&w=1200"> <meta name="news_keywords" content="coal, COP, emissions, fossil fuels, gas, infrastructure, investment, irrigation, oil, subsidies, UN, climate, inequality, governance, sustainable finance, climate finance, transport, COP29" /> <script type="application/ld+json">{"@context": "https://schema.org/", "@type": "NewsArticle", "articleSection": "Carbon & Climate", "author": {"@type": "Person", "name": ""}, "dateModified": "2024-11-21T08:22:42.691Z", "datePublished": "2024-11-21T02:30:00Z", "description": "The G20 in Rio de Janeiro recommitted to tackling fossil fuel subsidies, but vulnerable communities need support.", "hasPart": [{"@type": "WebPageElement", "cssSelector": ".subscriber_wall__lede", "isAccessibleForFree": "True"}, {"@type": "WebPageElement", "cssSelector": ".subscriber-wall", "isAccessibleForFree": "True"}], "headline": "Countries eye COP29 finance deal while subsidising climate damage", "image": "https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?fit=crop&h=960&ixlib=django-1.2.0&w=1440", "isAccessibleForFree": "True", "keywords": ["coal", "COP", "emissions", "fossil fuels", "gas", "infrastructure", "investment", "irrigation", "oil", "subsidies", "UN", "climate", "inequality", "governance", "sustainable finance", "climate finance", "transport", "COP29"], "mainEntityOfPage": {"@id": "https://www.eco-business.com/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/", "@type": "WebPage"}, "publisher": {"@type": "Organization", "logo": {"@type": "ImageObject", "height": "55px", "url": "https://www.eco-business.comhttps://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/eb-logo-2x.e3468be02b17.png", "width": "232px"}, "name": "Eco-Business"}, "url": "https://www.eco-business.com/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/"}</script> </head> <body id="top" class=" section-news is-story "> <div class="eb-layout"> <div id="leaderboard"> <div class="top-banner-ad-container top-banner-ad-container--mobile top-banner-ad-container--above-nav"> <div id="dfp-ad--top-above-nav" class="js-ad-slot ad-slot ad-slot--dfp ad-slot--top-above-nav ad-slot--top-banner-ad"> <div id="div-gpt-ad-1443600587066-0" class="ad-slot__ad" data-sizes='[320,50]' data-dfp="L1-MOBILE"></div> </div> </div> <div class="top-banner-ad-container top-banner-ad-container--desktop top-banner-ad-container--above-nav"> <div id="dfp-ad--top-above-nav" class="js-ad-slot ad-slot ad-slot--dfp ad-slot--top-above-nav ad-slot--top-banner-ad"> <div id="div-gpt-ad-1362399574626-0" class="ad-slot__ad" data-sizes='[728,90]' data-dfp="TEST-L1"></div> </div> </div> </div> <header id="header" class="eb-header eb-header__search--collapsed eb-navigation--collapsed"> <div class="eb-header__row "> <div class="eb-header__container"> <div class="eb-header__top"> <div class="eb-header__top-column eb-header__top-column--left"> <button class="eb-btn-link eb-header__top-link eb-header__top-link--menu" type="button" title="Toggle menu" data-eb-component="eb-toggle" data-eb-toggle-target="#eb-header-drawer" aria-label="Toggle menu" aria-controls="eb-header-drawer" aria-expanded="false"> <span class="eb-header__top-link-label ">Menu</span> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon--menu eb-color-black" width="20" height="20" viewBox="0 0 20 20"> <path d="M17.5 6h-15c-0.276 0-0.5-0.224-0.5-0.5s0.224-0.5 0.5-0.5h15c0.276 0 0.5 0.224 0.5 0.5s-0.224 0.5-0.5 0.5z" fill="#000000"></path> <path d="M17.5 11h-15c-0.276 0-0.5-0.224-0.5-0.5s0.224-0.5 0.5-0.5h15c0.276 0 0.5 0.224 0.5 0.5s-0.224 0.5-0.5 0.5z" fill="#000000"></path> <path d="M17.5 16h-15c-0.276 0-0.5-0.224-0.5-0.5s0.224-0.5 0.5-0.5h15c0.276 0 0.5 0.224 0.5 0.5s-0.224 0.5-0.5 0.5z" fill="#000000"></path> </svg> </button> <button class="eb-btn-link eb-header__top-link eb-header__top-link--search" type="button" title="Toggle search" aria-controls="eb-header-search-primary" aria-label="Toggle search" aria-expanded="false"> <span class="eb-header__top-link-label ">Search</span> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon--search " width="20" height="20" viewBox="0 0 20 20"> <path d="M18.869 19.162l-5.943-6.484c1.339-1.401 2.075-3.233 2.075-5.178 0-2.003-0.78-3.887-2.197-5.303s-3.3-2.197-5.303-2.197-3.887 0.78-5.303 2.197-2.197 3.3-2.197 5.303 0.78 3.887 2.197 5.303 3.3 2.197 5.303 2.197c1.726 0 3.362-0.579 4.688-1.645l5.943 6.483c0.099 0.108 0.233 0.162 0.369 0.162 0.121 0 0.242-0.043 0.338-0.131 0.204-0.187 0.217-0.503 0.031-0.706zM1 7.5c0-3.584 2.916-6.5 6.5-6.5s6.5 2.916 6.5 6.5-2.916 6.5-6.5 6.5-6.5-2.916-6.5-6.5z" fill="#000000"></path> </svg> </button> <div class="eb-header__top-link eb-header__top-link--language"> <form id="js-languagesForm" action="/i18n/setlang/" method="post"> <input type="hidden" name="csrfmiddlewaretoken" value="y4gEAlbbLP6WQP2vanjeI1WGL0E9IoJnWhk5ACkdffQqTUIU6z3uPWQ150hDQ39x"> <input name="next" type="hidden" value="/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/" /> <input name="language" type="hidden" value="" /> <div class="header__language eb-dropdown"> <a href="#" class="eb-dropdown-toggle" data-eb-component="eb-toggle" data-eb-toggle-target="#eb-header-dropdown-1" role="button"> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon--network " width="20" height="20" viewBox="0 0 20 20"> <path d="M16.218 3.782c-1.794-1.794-4.18-2.782-6.718-2.782s-4.923 0.988-6.717 2.782-2.782 4.18-2.782 6.717c0 2.538 0.988 4.923 2.782 6.717s4.18 2.782 6.717 2.782 4.923-0.988 6.718-2.782c1.794-1.794 2.782-4.18 2.782-6.717s-0.988-4.923-2.782-6.717zM14.992 10c-0.032-1.072-0.164-2.111-0.39-3.083 0.358 0.145 0.699 0.307 1.018 0.484 1.309 0.727 2.116 1.636 2.324 2.598h-2.953zM13.992 10h-3.992v-3.992c1.227 0.038 2.405 0.217 3.471 0.521 0.305 1.066 0.483 2.243 0.521 3.471zM10 5.008v-2.953c0.963 0.208 1.871 1.015 2.598 2.324 0.177 0.319 0.339 0.66 0.484 1.018-0.972-0.226-2.011-0.358-3.083-0.389zM9 2.054v2.953c-1.072 0.032-2.111 0.164-3.083 0.389 0.145-0.358 0.307-0.699 0.484-1.018 0.727-1.309 1.636-2.116 2.598-2.324zM9 6.008v3.992h-3.992c0.038-1.227 0.217-2.405 0.521-3.471 1.066-0.305 2.243-0.483 3.471-0.521zM4.008 10h-2.953c0.208-0.963 1.015-1.871 2.324-2.598 0.319-0.177 0.66-0.339 1.018-0.484-0.226 0.972-0.358 2.011-0.389 3.083zM4.008 11c0.032 1.072 0.164 2.111 0.389 3.083-0.358-0.145-0.699-0.307-1.018-0.484-1.309-0.727-2.116-1.636-2.324-2.598h2.953zM5.008 11h3.992v3.992c-1.227-0.038-2.405-0.217-3.471-0.521-0.305-1.066-0.483-2.243-0.521-3.471zM9 15.992v2.953c-0.963-0.208-1.871-1.015-2.598-2.324-0.177-0.319-0.339-0.66-0.484-1.018 0.972 0.226 2.011 0.358 3.083 0.39zM10 18.946v-2.953c1.072-0.032 2.111-0.164 3.083-0.39-0.145 0.358-0.307 0.699-0.484 1.018-0.727 1.309-1.636 2.116-2.598 2.324zM10 14.992v-3.992h3.992c-0.038 1.227-0.217 2.405-0.521 3.471-1.066 0.305-2.243 0.483-3.471 0.521zM14.992 11h2.953c-0.208 0.963-1.015 1.871-2.324 2.598-0.319 0.177-0.66 0.339-1.018 0.484 0.226-0.972 0.358-2.011 0.389-3.083zM17.432 7.445c-0.378-0.33-0.821-0.638-1.325-0.918-0.56-0.311-1.177-0.578-1.837-0.797-0.22-0.66-0.486-1.277-0.797-1.837-0.28-0.504-0.588-0.947-0.918-1.325 2.234 0.863 4.014 2.644 4.877 4.877zM6.445 2.568c-0.33 0.378-0.638 0.821-0.918 1.325-0.311 0.56-0.578 1.177-0.797 1.837-0.66 0.22-1.277 0.486-1.837 0.797-0.504 0.28-0.947 0.588-1.325 0.918 0.863-2.234 2.644-4.014 4.877-4.877zM1.568 13.555c0.378 0.33 0.821 0.638 1.325 0.918 0.56 0.311 1.177 0.578 1.837 0.797 0.22 0.66 0.486 1.277 0.797 1.837 0.28 0.504 0.588 0.947 0.918 1.325-2.234-0.863-4.014-2.644-4.877-4.877zM12.555 18.432c0.33-0.378 0.638-0.821 0.918-1.325 0.311-0.56 0.578-1.177 0.797-1.837 0.66-0.22 1.277-0.486 1.837-0.797 0.504-0.28 0.947-0.588 1.325-0.918-0.863 2.234-2.644 4.014-4.877 4.877z" fill="#000000"></path> </svg> English<svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-chevron-down eb-icon-chevron-down--header" width="24" height="24" viewBox="0 0 24 24"><path fill-rule="evenodd" d="M5.22 8.72a.75.75 0 000 1.06l6.25 6.25a.75.75 0 001.06 0l6.25-6.25a.75.75 0 00-1.06-1.06L12 14.44 6.28 8.72a.75.75 0 00-1.06 0z"/></svg> </a> <ul class="eb-dropdown-menu eb-toggle-display" role="menu" id="eb-header-dropdown-1"> <li class="eb-dropdown-item"> <a class="eb-dropdown-item-text active" data-languagecode="en" href="#" >English</a> </li> <li class="eb-dropdown-item"> <a class="eb-dropdown-item-text " data-languagecode="zh-hans" href="#" >简体中文</a> </li> <li class="eb-dropdown-item"> <a class="eb-dropdown-item-text " data-languagecode="id" href="#" >Bahasa Indonesia</a> </li> <li class="eb-dropdown-item"> <a class="eb-dropdown-item-text " data-languagecode="ms" href="#" >Bahasa Malaysia</a> </li> </ul> </div> </form> </div> </div> <div class="eb-header__top-column eb-header__top-column--center"> <a class="eb-header__top-logo" href="/" title="Go to the Eco-Business homepage"><img src="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/eco-business-logo.cf191c09fb92.svg" alt="Eco-Business"></a> </div> <div class="eb-header__top-column eb-header__top-column--right"> <div class="eb-header__top-link eb-header__top-link--cta"> <a href="/dashboard/eb-enterprise/" class="eb-button eb-button--medium eb-button--primary-inverse hide-until-desktop u-large-right-margin">Publish with us</a> </div> <div class="eb-header__top-link eb-header__top-link--cta"> <a href="/accounts/signup-options/" class="eb-button eb-button--medium eb-button--primary">Subscribe</a> </div> <a href="/accounts/login/" class="eb-header__top-link eb-header__top-link--account" title="Sign in or sign up"> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon--user " width="20" height="20" viewBox="0 0 20 20"> <path d="M9.5 11c-3.033 0-5.5-2.467-5.5-5.5s2.467-5.5 5.5-5.5 5.5 2.467 5.5 5.5-2.467 5.5-5.5 5.5zM9.5 1c-2.481 0-4.5 2.019-4.5 4.5s2.019 4.5 4.5 4.5c2.481 0 4.5-2.019 4.5-4.5s-2.019-4.5-4.5-4.5z" fill="#000000"></path> <path d="M17.5 20h-16c-0.827 0-1.5-0.673-1.5-1.5 0-0.068 0.014-1.685 1.225-3.3 0.705-0.94 1.67-1.687 2.869-2.219 1.464-0.651 3.283-0.981 5.406-0.981s3.942 0.33 5.406 0.981c1.199 0.533 2.164 1.279 2.869 2.219 1.211 1.615 1.225 3.232 1.225 3.3 0 0.827-0.673 1.5-1.5 1.5zM9.5 13c-3.487 0-6.060 0.953-7.441 2.756-1.035 1.351-1.058 2.732-1.059 2.746 0 0.274 0.224 0.498 0.5 0.498h16c0.276 0 0.5-0.224 0.5-0.5-0-0.012-0.023-1.393-1.059-2.744-1.382-1.803-3.955-2.756-7.441-2.756z" fill="#000000"></path> </svg> <span class="hide-until-laptop">Sign in</span> </a> </div> </div> </div> </div> <div id="eb-header-search-primary" class="eb-header__row eb-header__search eb-header__search--primary" data-eb-header-search="true" aria-hidden="true"> <div class="eb-header__container"> <form class="eb-header__search-form" role="search" method="get" action="/search/" id="eb-header-search-form"> <input id="eb-search-field" type="text" class="eb-header__search-term" name="q" automcomplete="off" spellcheck="false" placeholder="Search Eco-Business"> <button class="eb-button eb-button--medium eb-button--primary eb-header__search-submit" type="submit"> Search </button> <button class="eb-header__search-close" type="button" aria-controls="eb-header-search-primary" title="Close search bar" aria-expanded="false"> <svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" class="eb-icon eb-icon-x "><path fill-rule="evenodd" d="M5.72 5.72a.75.75 0 011.06 0L12 10.94l5.22-5.22a.75.75 0 111.06 1.06L13.06 12l5.22 5.22a.75.75 0 11-1.06 1.06L12 13.06l-5.22 5.22a.75.75 0 01-1.06-1.06L10.94 12 5.72 6.78a.75.75 0 010-1.06z"/></svg> <span class="eb-header__visually-hidden">Close search bar</span> </button> <div class="eb-header__search-results" id="eb-header-search-results" aria-hidden="true"> <p class="eb-header__search-all-results"><a id="eb-header-search-all-results">Show all news, opinion, videos and press releases matching <span class="eb-header__search-query-text" id="eb-header-search-query-text"></span> →</a></p> <div class="eb-header__search-results-type u-h"> <h4 class="eb-header__search-results-heading">About Eco-Business</h4> <ul class="eb-header__search-results-list" id="eb-header-search-results-about"></ul> </div> <div class="eb-header__search-results-type u-h"> <h4 class="eb-header__search-results-heading">Topics</h4> <ul class="eb-header__search-results-list" id="eb-header-search-results-topics"></ul> </div> <div class="eb-header__search-results-type u-h"> <h4 class="eb-header__search-results-heading">Tags</h4> <ul class="eb-header__search-results-list" id="eb-header-search-results-tags"></ul> </div> <div class="eb-header__search-results-type u-h"> <h4 class="eb-header__search-results-heading">Regions</h4> <ul class="eb-header__search-results-list" id="eb-header-search-results-regions"></ul> </div> <div class="eb-header__search-results-type u-h"> <h4 class="eb-header__search-results-heading">Sustainable Development Goals</h4> <ul class="eb-header__search-results-list" id="eb-header-search-results-sdgs"></ul> </div> <div class="eb-header__search-results-type u-h"> <h4 class="eb-header__search-results-heading">Series</h4> <ul class="eb-header__search-results-list" id="eb-header-search-results-series"></ul> </div> </div> </form> </div> </div> <div class="eb-header__row"> <div class="eb-header__container"> <div class="eb-header__award-text"> <a class="eb-header__award-link" href="/news/eco-business-wins-wan-ifra-asian-digital-media-awards-for-revamped-insights-newsletter/">Winner | Asian Digital Media Awards 2024</a> </div> </div> </div> <nav class="eb-header__row eb-header__nav" id="eb-headerNav"> <div class="eb-header__container eb-header__container--nav"> <ul class="eb-header__nav-list"> <li class="eb-header__nav-item" id="eb-header-nav-news" data-mega-menu="news"> <a href="/news/" class="eb-header__nav-link">News</a> </li> <li class="eb-header__nav-item"><a href="/opinion/" class="eb-header__nav-link">Opinion</a></li> <li class="eb-header__nav-item"><a href="/podcasts/" class="eb-header__nav-link">Podcasts</a></li> <li class="eb-header__nav-item"><a href="/videos/" class="eb-header__nav-link">Videos</a></li> <li class="eb-header__nav-item"><a href="/eb-studio/" class="eb-header__nav-link">EB Studio</a></li> <li class="eb-header__nav-item hide-until-laptop"><a href="/press-releases/" class="eb-header__nav-link">Press Releases</a></li> <li class="eb-header__nav-item hide-until-laptop" id="eb-header-nav-events" data-mega-menu="events"> <a href="/events/" class="eb-header__nav-link">Events</a> </li> <li class="eb-header__nav-item hide-until-laptop"><a href="/jobs/" class="eb-header__nav-link">Jobs</a></li> <li class="eb-header__nav-item hide-until-laptop" id="eb-header-nav-intelligence" data-mega-menu="intelligence"><a href="/intelligence/" class="eb-header__nav-link">Intelligence</a></li> <li class="eb-header__nav-item" id="eb-header-nav-topics" data-mega-menu="topics"><a href="#" class="eb-header__nav-link">Topics</a> </li> <li class="eb-header__nav-item" id="eb-header-nav-sdgs" data-mega-menu="sdgs"> <a href="/sustainable-development-goals/" class="eb-header__nav-link">SDGs</a> </li> <li class="eb-header__nav-item" id="eb-header-nav-more" data-mega-menu="more"> <a href="#" class="eb-header__nav-link">More+</a> </li> </ul> <div class="eb-header__nav__editions"> <form id="js-editionForm" action="/setedition/" method="post"> <input type="hidden" name="csrfmiddlewaretoken" value="y4gEAlbbLP6WQP2vanjeI1WGL0E9IoJnWhk5ACkdffQqTUIU6z3uPWQ150hDQ39x"> <input name="next" type="hidden" value="" /> <input name="region" type="hidden" value="" /> <div class="eb-dropdown"> <a href="#" data-eb-component="eb-toggle" data-eb-toggle-target="#eb-header-dropdown-3" class="header__account--action eb-dropdown-toggle" role="button"> <span class="eb-header__nav__edition-name hide-until-desktop">International</span> Edition<svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-chevron-down eb-icon-chevron-down--header" width="24" height="24" viewBox="0 0 24 24"><path fill-rule="evenodd" d="M5.22 8.72a.75.75 0 000 1.06l6.25 6.25a.75.75 0 001.06 0l6.25-6.25a.75.75 0 00-1.06-1.06L12 14.44 6.28 8.72a.75.75 0 00-1.06 0z"/></svg> </a> <ul class="eb-dropdown-menu eb-dropdown-menu-right eb-toggle-display" role="menu" id="eb-header-dropdown-3"> <li class="eb-dropdown-item"><a href="/" data-region="International" class="eb-dropdown-item-text editons--action">International</a></li> <li class="eb-dropdown-item"><a href="/asia-pacific/" data-region="Asia Pacific" class="eb-dropdown-item-text editons--action">Asia Pacific</a></li> <li class="eb-dropdown-item"><a href="/china/" data-region="China" class="eb-dropdown-item-text editons--action">China</a></li> <li class="eb-dropdown-item"><a href="/usa/" data-region="USA" class="eb-dropdown-item-text editons--action">USA</a></li> <li class="eb-dropdown-item"><a href="/europe/" data-region="Europe" class="eb-dropdown-item-text editons--action">Europe</a></li> </ul> </div> </form> </div> </div> </nav> </header> <header id="eb-stickyHeader" class="eb-header eb-header--simple eb-header--sticky" data-o-component="eb-header" data-eb-header--sticky="true" aria-hidden="true" data-eb-header--js=""> <div class="eb-header__row"> <div class="eb-header__container"> <div class="eb-header__top"> <div class="eb-header__top-column eb-header__top-column--left"> <button class="eb-btn-link eb-header__top-link eb-header__top-link--menu" type="button" title="Toggle menu" data-eb-component="eb-toggle" data-eb-toggle-target="#eb-header-drawer" aria-label="Toggle menu" aria-controls="eb-header-drawer" aria-expanded="false"> <span class="eb-header__top-link-label ">Menu</span> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon--menu eb-color-black" width="20" height="20" viewBox="0 0 20 20"> <path d="M17.5 6h-15c-0.276 0-0.5-0.224-0.5-0.5s0.224-0.5 0.5-0.5h15c0.276 0 0.5 0.224 0.5 0.5s-0.224 0.5-0.5 0.5z" fill="#000000"></path> <path d="M17.5 11h-15c-0.276 0-0.5-0.224-0.5-0.5s0.224-0.5 0.5-0.5h15c0.276 0 0.5 0.224 0.5 0.5s-0.224 0.5-0.5 0.5z" fill="#000000"></path> <path d="M17.5 16h-15c-0.276 0-0.5-0.224-0.5-0.5s0.224-0.5 0.5-0.5h15c0.276 0 0.5 0.224 0.5 0.5s-0.224 0.5-0.5 0.5z" fill="#000000"></path> </svg> </button> <a class="eb-header__top-logo--roundel" href="/" title="Go to the Eco-Business homepage"><svg width="30" height="30" viewBox="0 0 30 30" fill="none" xmlns="http://www.w3.org/2000/svg"> <defs><linearGradient x1="0%" y1="50%" y2="50%" id="a"><stop stop-color="#006F84" offset="0%"/><stop stop-color="#6DB52D" offset="100%"/></linearGradient><linearGradient x1="0%" y1="50%" y2="50%" id="b"><stop stop-color="#38AAE1" offset="0%"/><stop stop-color="#2389C9" offset="41.41%"/><stop stop-color="#1674BA" offset="76.82%"/><stop stop-color="#116CB4" offset="100%"/></linearGradient></defs> <path fill-rule="evenodd" clip-rule="evenodd" d="M23.6065 8.91951C25.3912 8.49589 26.6087 7.69337 27.3477 7.05402C24.7322 2.81863 20.0905 0 14.7976 0C6.6257 0 0 6.71513 0 15.0008C0 16.9879 0.384394 18.8832 1.07709 20.6184C1.21516 18.1159 2.46091 13.9676 7.46274 11.6401C13.6342 8.76654 20.3431 9.69693 23.6073 8.91951H23.6065Z" fill="url(#a)"/> <path fill-rule="evenodd" clip-rule="evenodd" d="M7.56006 28.0827C9.76453 29.341 12.2593 30.0019 14.7977 30C22.9703 30 29.596 23.2849 29.596 15.0008C29.596 12.434 28.959 10.0186 27.8388 7.90597C26.5177 13.0247 21.581 27.3438 7.56006 28.0827Z" fill="url(#b)"/> <path fill-rule="evenodd" clip-rule="evenodd" d="M13.8351 14.9796C14.3097 14.8478 15.1632 14.596 16.1932 14.3206C17.2185 14.0704 18.4651 13.6986 19.5351 13.2239C20.9112 12.6537 22.2529 12.0036 23.5532 11.2769C23.5563 11.2769 21.614 12.088 19.3711 12.7329C18.2376 13.0859 17.086 13.3016 16.0136 13.4632C14.9553 13.6452 14.061 13.8382 13.5668 13.977C12.6419 14.2595 7.12152 15.4974 4.11697 20.3454C3.50194 21.461 3.07518 22.622 2.77002 23.7328C3.16751 24.2945 3.60314 24.8281 4.07382 25.33C4.29583 23.9572 4.68571 22.4376 5.38468 21.042C5.90793 20.0003 6.62651 19.0675 7.48708 18.3968C8.43159 17.5958 9.30001 16.9839 10.1684 16.4874C11.8817 15.5115 13.3652 15.12 13.8351 14.9796V14.9796Z" fill="#858585"/> </svg> </a> </div> <div class="eb-header__top-column eb-header__top-column--center"> <ul class="eb-header__nav-list eb-header__nav-list--left"> <li class="eb-header__nav-item"> <a href="/news/" class="eb-header__nav-link">News</a> </li> <li class="eb-header__nav-item"><a href="/opinion/" class="eb-header__nav-link">Opinion</a></li> <li class="eb-header__nav-item"><a href="/podcasts/" class="eb-header__nav-link">Podcasts</a></li> <li class="eb-header__nav-item"><a href="/videos/" class="eb-header__nav-link">Videos</a></li> <li class="eb-header__nav-item"><a href="/eb-studio/" class="eb-header__nav-link">EB Studio</a></li> <li class="eb-header__nav-item hide-until-laptop"><a href="/press-releases/" class="eb-header__nav-link">Press Releases</a></li> <li class="eb-header__nav-item hide-until-laptop"> <a href="/events/" class="eb-header__nav-link">Events</a> </li> <li class="eb-header__nav-item hide-until-laptop"><a href="/jobs/" class="eb-header__nav-link">Jobs</a></li> <li class="eb-header__nav-item hide-until-laptop"><a href="/research/" class="eb-header__nav-link">Research</a></li> </ul> <div class="eb-header__story-header"> <div class="eb-header__story-progress"> <div id="ebHeaderStoryProgressBar" class="eb-header__story-progress-bar"></div> </div> <h5 id="ebHeaderStoryHeadline" class="eb-header__story-headline"></h5> </div> </div> <div class="eb-header__top-column eb-header__top-column--right"> <div class="eb-header__top-link eb-header__top-link--cta"> <a href="/accounts/signup-options/" class="eb-button eb-button--medium eb-button--primary">Subscribe</a> </div> <a href="/accounts/login/" class="eb-header__top-link eb-header__top-link--account" title="Sign in or sign up"> <span class="eb-header__top-link-label ">Sign in</span> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon--user " width="20" height="20" viewBox="0 0 20 20"> <path d="M9.5 11c-3.033 0-5.5-2.467-5.5-5.5s2.467-5.5 5.5-5.5 5.5 2.467 5.5 5.5-2.467 5.5-5.5 5.5zM9.5 1c-2.481 0-4.5 2.019-4.5 4.5s2.019 4.5 4.5 4.5c2.481 0 4.5-2.019 4.5-4.5s-2.019-4.5-4.5-4.5z" fill="#000000"></path> <path d="M17.5 20h-16c-0.827 0-1.5-0.673-1.5-1.5 0-0.068 0.014-1.685 1.225-3.3 0.705-0.94 1.67-1.687 2.869-2.219 1.464-0.651 3.283-0.981 5.406-0.981s3.942 0.33 5.406 0.981c1.199 0.533 2.164 1.279 2.869 2.219 1.211 1.615 1.225 3.232 1.225 3.3 0 0.827-0.673 1.5-1.5 1.5zM9.5 13c-3.487 0-6.060 0.953-7.441 2.756-1.035 1.351-1.058 2.732-1.059 2.746 0 0.274 0.224 0.498 0.5 0.498h16c0.276 0 0.5-0.224 0.5-0.5-0-0.012-0.023-1.393-1.059-2.744-1.382-1.803-3.955-2.756-7.441-2.756z" fill="#000000"></path> </svg> </a> </div> </div> </div> </div> </header> <div class="eb-header__drawer" data-eb-header-drawer="true" role="navigation" aria-hidden="true" tabindex="-1" id="eb-header-drawer"> <div class="eb-header__drawer-inner"> <div class="eb-header__drawer-tools"> <button type="button" class="eb-header__drawer-tools-close" data-eb-component="eb-toggle" data-eb-toggle-target="#eb-header-drawer" title="Close menu" aria-controls="eb-header-drawer" aria-expanded="false" tabindex="-1"> <span class="eb-header__visually-hidden">Close menu</span> <svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" class="eb-icon eb-icon-x "><path fill-rule="evenodd" d="M5.72 5.72a.75.75 0 011.06 0L12 10.94l5.22-5.22a.75.75 0 111.06 1.06L13.06 12l5.22 5.22a.75.75 0 11-1.06 1.06L12 13.06l-5.22 5.22a.75.75 0 01-1.06-1.06L10.94 12 5.72 6.78a.75.75 0 010-1.06z"/></svg> </button> <a class="eb-header__drawer-tools-logo" href="/" tabindex="-1"> <img src="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/eco-business-logo.cf191c09fb92.svg" alt="Eco-Business"> <span class="eb-header__visually-hidden">Eco-Business</span> </a> <p class="eb-header__drawer-current-edition">International Edition</p> </div> <div class="eb-header__drawer-subscribe"> <a class="eb-button eb-button--medium eb-button--primary" href="/accounts/signup-options/">Subscribe</a> </div> <div class="eb-header__drawer-search"> <form class="eb-header__drawer-search-form" role="search" method="get" action="/search/" id="js-eb-header__drawer-search"> <input type="hidden" name="cx" value="005424745066355598867:kyqeergnzii"> <input type="hidden" name="cof" value="FORID:10"> <input type="hidden" name="ie" value="UTF-8"> <input type="text" class="eb-header__drawer-search-term" name="q" automcomplete="off" placeholder="Search Eco-Business"> <label class="eb-header__visually-hidden" for="q"> Search Eco-Business </label> <button class="eb-header__drawer-search-submit" for="submit-google-search" type="submit"> <span class="eb-header__visually-hidden">Search</span> <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 16 16" class="eb-icon eb-icon-search "><path fill-rule="evenodd" d="M11.5 7a4.499 4.499 0 11-8.998 0A4.499 4.499 0 0111.5 7zm-.82 4.74a6 6 0 111.06-1.06l3.04 3.04a.75.75 0 11-1.06 1.06l-3.04-3.04z"/></svg> </button> </form> </div> <nav class="eb-header__drawer-menu eb-header__drawer-menu--primary eb-header__drawer-menu--border"> <form id="js-main-menu-languagesForm" action="/i18n/setlang/" method="post"> <input type="hidden" name="csrfmiddlewaretoken" value="y4gEAlbbLP6WQP2vanjeI1WGL0E9IoJnWhk5ACkdffQqTUIU6z3uPWQ150hDQ39x"> <input name="next" type="hidden" value="/news/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/" /> <input name="language" type="hidden" value="" /> <ul class="eb-header__drawer-menu-list"> <li class="eb-header__drawer-menu-item eb-header__drawer-menu-item--heading">Language</li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--selected" data-languagecode="en" href="#" >English</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link " data-languagecode="zh-hans" href="#" >简体中文</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link " data-languagecode="id" href="#" >Bahasa Indonesia</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link " data-languagecode="ms" href="#" >Bahasa Malaysia</a> </li> </ul> </form> <form id="js-main-menu-editionForm" action="/setedition/" method="post"> <input type="hidden" name="csrfmiddlewaretoken" value="y4gEAlbbLP6WQP2vanjeI1WGL0E9IoJnWhk5ACkdffQqTUIU6z3uPWQ150hDQ39x"> <input name="next" type="hidden" value="" /> <input name="region" type="hidden" value="" /> <ul class="eb-header__drawer-menu-list"> <li class="eb-header__drawer-menu-item eb-header__drawer-menu-item--heading">Edition</li> <li class="eb-header__drawer-menu-item"><a href="/" data-region="International" class="eb-header__drawer-menu-link">International</a></li> <li class="eb-header__drawer-menu-item"><a href="/asia-pacific/" data-region="Asia Pacific" class="eb-header__drawer-menu-link">Asia Pacific</a></li> <li class="eb-header__drawer-menu-item"><a href="/china/" data-region="China" class="eb-header__drawer-menu-link">China</a></li> <li class="eb-header__drawer-menu-item"><a href="/usa/" data-region="USA" class="eb-header__drawer-menu-link">USA</a></li> <li class="eb-header__drawer-menu-item"><a href="/europe/" data-region="Europe" class="eb-header__drawer-menu-link">Europe</a></li> </ul> </form> <ul class="eb-header__drawer-menu-list"> <li class="eb-header__drawer-menu-item eb-header__drawer-menu-item--heading">Sections</li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/" tabindex="-1">Home</a> </li> <li class="eb-header__drawer-menu-item"> <div class="eb-header__drawer-menu-toggle-wrapper"> <a class="eb-header__drawer-menu-link" href="/news/">News</a> <button class="eb-header__drawer-menu-toggle" aria-controls="eb-header-drawer-child-1" aria-expanded="false" tabindex="-1"> <span class="eb-normalise-visually-hidden">Show more News</span> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-chevron-down " width="24" height="24" viewBox="0 0 24 24"><path fill-rule="evenodd" d="M5.22 8.72a.75.75 0 000 1.06l6.25 6.25a.75.75 0 001.06 0l6.25-6.25a.75.75 0 00-1.06-1.06L12 14.44 6.28 8.72a.75.75 0 00-1.06 0z"/></svg> </button> </div> <ul class="eb-header__drawer-menu-list eb-header__drawer-menu-list--child" id="eb-header-drawer-child-1" aria-hidden="true"> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/news/industryspotlight/">Industry Spotlight</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/news/featureseries/">Feature Series</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/news/specialreport/">Special Reports</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/tags/">A-Z Tags</a> </li> </ul> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/opinion/">Opinion</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/podcasts/">Podcasts</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/videos/">Videos</a> </li> <li class="eb-header__drawer-menu-item"> <div class="eb-header__drawer-menu-toggle-wrapper"> <a class="eb-header__drawer-menu-link" href="/about/">About Us</a> <button class="eb-header__drawer-menu-toggle" aria-controls="eb-header-drawer-child-2" aria-expanded="false" tabindex="-1"> <span class="eb-normalise-visually-hidden">Show more About us</span> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-chevron-down " width="24" height="24" viewBox="0 0 24 24"><path fill-rule="evenodd" d="M5.22 8.72a.75.75 0 000 1.06l6.25 6.25a.75.75 0 001.06 0l6.25-6.25a.75.75 0 00-1.06-1.06L12 14.44 6.28 8.72a.75.75 0 00-1.06 0z"/></svg> </button> </div> <ul class="eb-header__drawer-menu-list eb-header__drawer-menu-list--child" id="eb-header-drawer-child-2" aria-hidden="true"> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/about/team/">Our Team</a></li> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/about/join-us/">Join Us</a></li> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/about/advisoryboard/">Advisory Board</a></li> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/about/contributors/">Contributors</a></li> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/about/contact/">Contact Us</a></li> </ul> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/eb-studio/">EB Studio</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/press-releases/">Press Releases</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/events/">Events</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/jobs/">Jobs</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/intelligence/">Intelligence</a> </li> <li class="eb-header__drawer-menu-item"> <div class="eb-header__drawer-menu-toggle-wrapper"> <a class="eb-header__drawer-menu-link" href="/category/">Topics</a> <button class="eb-header__drawer-menu-toggle" aria-controls="eb-header-drawer-child-3" aria-expanded="false" tabindex="-1"> <span class="eb-normalise-visually-hidden">Show more Topics</span> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-chevron-down " width="24" height="24" viewBox="0 0 24 24"><path fill-rule="evenodd" d="M5.22 8.72a.75.75 0 000 1.06l6.25 6.25a.75.75 0 001.06 0l6.25-6.25a.75.75 0 00-1.06-1.06L12 14.44 6.28 8.72a.75.75 0 00-1.06 0z"/></svg> </button> </div> <ul class="eb-header__drawer-menu-list eb-header__drawer-menu-list--child" id="eb-header-drawer-child-3" aria-hidden="true"> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/carbon-climate/"> Carbon & Climate </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/csr/"> CSR </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/cities/"> Cities </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/energy/"> Energy </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/food-agriculture/"> Food & Agriculture </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/green-buildings/"> Green Buildings </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/lifestyle/"> Lifestyle </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/manufacturing/"> Manufacturing </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/policy-finance/"> Policy & Finance </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/transport-logistics/"> Transport </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/waste-management/"> Waste </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/category/water/"> Water </a> </li> </ul> </li> <li class="eb-header__drawer-menu-item"> <div class="eb-header__drawer-menu-toggle-wrapper"> <a class="eb-header__drawer-menu-link" href="/sustainable-development-goals/">Sustainable Development Goals</a> <button class="eb-header__drawer-menu-toggle" aria-controls="eb-header-drawer-child-4" aria-expanded="false" tabindex="-1"> <span class="eb-normalise-visually-hidden">Show more SDGs</span> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-chevron-down " width="24" height="24" viewBox="0 0 24 24"><path fill-rule="evenodd" d="M5.22 8.72a.75.75 0 000 1.06l6.25 6.25a.75.75 0 001.06 0l6.25-6.25a.75.75 0 00-1.06-1.06L12 14.44 6.28 8.72a.75.75 0 00-1.06 0z"/></svg> </button> </div> <ul class="eb-header__drawer-menu-list eb-header__drawer-menu-list--child" id="eb-header-drawer-child-4" aria-hidden="true"> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/no-poverty/"> 1. Poverty </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/zero-hunger/"> 2. Hunger </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/good-health-and-well-being/"> 3. Health </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/quality-education/"> 4. Education </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/gender-equality/"> 5. Gender equality </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/clean-water-and-sanitation/"> 6. Water </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/affordable-and-clean-energy/"> 7. Energy </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/decent-work-and-economic-growth/"> 8. Economic growth </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/industry-innovation-and-infrastructure/"> 9. Infrastructure </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/reduced-inequalities/"> 10. Inequality </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/sustainable-cities-and-communities/"> 11. Cities </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/responsible-consumption-and-production/"> 12. Consumption </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/climate-action/"> 13. Climate </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/oceans/"> 14. Oceans </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/life-land/"> 15. Biodiversity </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/peace-justice-and-strong-institutions/"> 16. Peace </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/sustainable-development-goals/partnerships-goals/"> 17. Partnerships </a> </li> </ul> </li> <li class="eb-header__drawer-menu-item"> <div class="eb-header__drawer-menu-toggle-wrapper"> <a class="eb-header__drawer-menu-link" href="/region/">Regions</a> <button class="eb-header__drawer-menu-toggle" aria-controls="eb-header-drawer-child-5" aria-expanded="false" tabindex="-1"> <span class="eb-normalise-visually-hidden">Show more Regions</span> <svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-chevron-down " width="24" height="24" viewBox="0 0 24 24"><path fill-rule="evenodd" d="M5.22 8.72a.75.75 0 000 1.06l6.25 6.25a.75.75 0 001.06 0l6.25-6.25a.75.75 0 00-1.06-1.06L12 14.44 6.28 8.72a.75.75 0 00-1.06 0z"/></svg> </button> </div> <ul class="eb-header__drawer-menu-list eb-header__drawer-menu-list--child" id="eb-header-drawer-child-5" aria-hidden="true"> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/australia/"> Australia </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/china/"> China </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/europe/"> Europe </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/hong-kong/"> Hong Kong </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/india/"> India </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/indonesia/"> Indonesia </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/japan/"> Japan </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/malaysia/"> Malaysia </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/philippines/"> Philippines </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/singapore/"> Singapore </a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link eb-header__drawer-menu-link--child" href="/region/thailand/"> Thailand </a> </li> </ul> </li> </ul> <ul class="eb-header__drawer-menu-list"> <li class="eb-header__drawer-menu-item eb-header__drawer-menu-item--heading">Subscribe</li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/accounts/signup-options/">Eco-Business subscriptions</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/newsletters/subscribe/">Newsletters</a> </li> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link" href="/dashboard/eb-enterprise/">EB Enterprise</a></li> </ul> <ul class="eb-header__drawer-menu-list"> <li class="eb-header__drawer-menu-item eb-header__drawer-menu-item--heading">Follow Us</li> <li class="eb-header__drawer-menu-item"> <a target="_blank" rel="nofollow noopener" class="eb-header__drawer-menu-link" href="https://www.facebook.com/EcoBusinessMedia">Facebook</a> </li> <li class="eb-header__drawer-menu-item"> <a target="_blank" rel="nofollow noopener" class="eb-header__drawer-menu-link" href="https://twitter.com/ecobusinesscom">Twitter</a> </li> <li class="eb-header__drawer-menu-item"> <a target="_blank" rel="nofollow noopener" class="eb-header__drawer-menu-link" href="https://www.linkedin.com/company/eco-business/">Linkedin</a> </li> <li class="eb-header__drawer-menu-item"> <a target="_blank" rel="nofollow noopener" class="eb-header__drawer-menu-link" href="https://www.instagram.com/ecobusinesscom">Instagram</a> </li> <li class="eb-header__drawer-menu-item"> <a target="_blank" rel="nofollow noopener" class="eb-header__drawer-menu-link" href="https://t.me/ecobusinessnews">Telegram</a> </li> <li class="eb-header__drawer-menu-item"> <a target="_blank" rel="nofollow noopener" class="eb-header__drawer-menu-link" href="https://vimeo.com/ecobusinesscom">Vimeo</a> </li> <li class="eb-header__drawer-menu-item"> <a target="_blank" rel="nofollow noopener" class="eb-header__drawer-menu-link" href="https://www.youtube.com/channel/UCagZ0j4TiZ8l-eQ-i2KZlqA">YouTube</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="/feeds/">RSS</a> </li> <li class="eb-header__drawer-menu-item"> <div class="eb-header__drawer-menu-link eb-wechat"> <img loading="lazy" class="eb-wechat-logo lazyload" data-src="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/social_media/wechat-light-en.848a23759ae3.svg" alt="WeChat"> <img loading="lazy" class="eb-wechat-qr-code lazyload" data-src="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/social_media/wechat-qr-code.dd9603531f57.png" alt="WeChat"> </div> </li> </ul> <ul class="eb-header__drawer-menu-list"> <li class="eb-header__drawer-menu-item eb-header__drawer-menu-item--heading">EB Initiatives</li> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link" href="https://ebimpact.org/">EB Impact<br></a></li> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link" href="/southeastasia-clean-energy-transition/">Southeast Asia's Clean Energy Transition</a></li> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link" href="/news/series/people/">People: Movers and shakers in sustainability</a></li> <li class="eb-header__drawer-menu-item"><a class="eb-header__drawer-menu-link" href="https://changingcourse.eco-business.com/">Changing Course</a></li> </ul> <ul class="eb-header__drawer-menu-list"> <li class="eb-header__drawer-menu-item eb-header__drawer-menu-item--heading">EB Events</li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="https://www.unlockingcapitalforsustainability.com/thailand/2024">Unlocking capital for sustainability 2024 - Thailand</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="https://events.eco-business.com/events/the-highlights-and-hurdles-of-cop29-and-beyond">COP29 and beyond: Highlights and hurdles</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="http://events.eco-business.com/events/orange-forum-2024-sustainable-futures-through-orange">Orange Forum 2024: Sustainable Futures through Orange</a> </li> <li class="eb-header__drawer-menu-item"> <a class="eb-header__drawer-menu-link" href="https://events.eco-business.com/#utm_source=eb&utm_medium=nav&utm_campaign=ebevents">All Eco–Business events →</a> </li> </ul> </nav> </div> </div> <div class="eb-messages"> </div> <div class="eb-page-container" id="page-container"> <article id="storyArticle" class="eb-article "> <div class="eb-article-grid"> <div class="eb-article__section "> <span class="eb-article__section__label"> <a class="eb-article__section--action" href="/news/">News</a> </span> <span class="eb-article__section__divider"></span> <span class="eb-article__section__label"> <a class="eb-article__section--action" href="/category/carbon-climate/">Carbon & Climate</a> </span> </div> <div class="eb-article__headline-wrapper"> <h1 id="ebStoryHeadline" class="eb-article__headline" data-eb-story-headline="Countries eye COP29 finance deal while subsidising climate damage"> Countries eye COP29 finance deal while subsidising climate damage </h1> </div> <div class="eb-article__standfirst-wrapper"> <h2 class="eb-article__standfirst">The G20 in Rio de Janeiro recommitted to tackling fossil fuel subsidies, but vulnerable communities need support.</h2> </div> <div class="eb-article__media"> <figure class="eb-article__featured-image"> <img src="https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=320" alt="COP29_Subsidies_Climate_Financing" srcset="https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=320 640w, https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=700 700w, https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=480 960w, https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=700 1400w, https://eco-business.imgix.net/ebmedia/fileuploads/54131577217_257d79afa1_6k.jpg?ar=16%3A10&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=1100 2200w" sizes="(min-width: 1300px) 1100px, (min-width: 740px) 700px, 100vw"> <figcaption id="eb-article-featured-image-caption" class="eb-article__featured-image__caption"> G20 nations spent nearly US$1 trillion on fossil fuel subsidies for consumers in 2022, according to another analysis by the International Institute for Sustainable Development (IISD). Image: <a href="https://www.flickr.com/photos/cop29/">COP29 Azerbaijan</a> </figcaption> <button data-eb-component="eb-toggle" data-eb-toggle-target="#eb-article-featured-image-caption" class="eb-article__caption-button"><svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-device-camera " width="16" height="16" width="16" height="16" viewBox="0 0 16 16"><path fill-rule="evenodd" d="M15 3H7c0-.55-.45-1-1-1H2c-.55 0-1 .45-1 1-.55 0-1 .45-1 1v9c0 .55.45 1 1 1h14c.55 0 1-.45 1-1V4c0-.55-.45-1-1-1zM6 5H2V4h4v1zm4.5 7C8.56 12 7 10.44 7 8.5S8.56 5 10.5 5 14 6.56 14 8.5 12.44 12 10.5 12zM13 8.5c0 1.38-1.13 2.5-2.5 2.5S8 9.87 8 8.5 9.13 6 10.5 6 13 7.13 13 8.5z"/></svg> </button> </figure> </div> <div class="eb-article__social-share"> <div class="eb-share" id="eb-share"> <ul class="eb-share__items"> <li class="eb-share__item"> <a title="Share on Twitter" class="eb-share__item--action eb-share__item--twitter" href="https://twitter.com/intent/tweet?text=Countries%20eye%20COP29%20finance%20deal%20while%20subsidising%20climate%20damage&url=https://eb.news/DFmqWekuRJuA&via=ecobusinesscom"><svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-twitter " viewBox="0 0 20 20"> <path d="M17.316,6.246c0.008,0.162,0.011,0.326,0.011,0.488c0,4.99-3.797,10.742-10.74,10.742c-2.133,0-4.116-0.625-5.787-1.697 c0.296,0.035,0.596,0.053,0.9,0.053c1.77,0,3.397-0.604,4.688-1.615c-1.651-0.031-3.046-1.121-3.526-2.621 c0.23,0.043,0.467,0.066,0.71,0.066c0.345,0,0.679-0.045,0.995-0.131c-1.727-0.348-3.028-1.873-3.028-3.703c0-0.016,0-0.031,0-0.047 c0.509,0.283,1.092,0.453,1.71,0.473c-1.013-0.678-1.68-1.832-1.68-3.143c0-0.691,0.186-1.34,0.512-1.898 C3.942,5.498,6.725,7,9.862,7.158C9.798,6.881,9.765,6.594,9.765,6.297c0-2.084,1.689-3.773,3.774-3.773 c1.086,0,2.067,0.457,2.756,1.191c0.859-0.17,1.667-0.484,2.397-0.916c-0.282,0.881-0.881,1.621-1.66,2.088 c0.764-0.092,1.49-0.293,2.168-0.594C18.694,5.051,18.054,5.715,17.316,6.246z"/> </svg> </a> </li> <li class="eb-share__item"> <a title="Share on Facebook" class="eb-share__item--action eb-share__item--facebook" href="https://www.facebook.com/sharer.php?s=100&u=https://eb.news/DFmqWekuRJuA"><svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-facebook " viewBox="0 0 20 20"> <path d="M17,1H3C1.9,1,1,1.9,1,3v14c0,1.101,0.9,2,2,2h7v-7H8V9.525h2V7.475c0-2.164,1.212-3.684,3.766-3.684l1.803,0.002v2.605 h-1.197C13.378,6.398,13,7.144,13,7.836v1.69h2.568L15,12h-2v7h4c1.1,0,2-0.899,2-2V3C19,1.9,18.1,1,17,1z"/> </svg> </a> </li> <li class="eb-share__item"> <a title="Share on LinkedIn" class="eb-share__item--action eb-share__item--linkedin" href="https://www.linkedin.com/shareArticle?mini=true&url=https://eb.news/DFmqWekuRJuA&title=Countries%20eye%20COP29%20finance%20deal%20while%20subsidising%20climate%20damage&summary="><svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-linkedin " viewBox="0 0 20 20"><path d="m5 3c0 1.062-.71 1.976-2.001 1.976-1.215 0-1.999-.862-1.999-1.924 0-1.09.76-2.052 2-2.052s1.976.91 2 2zm-4 16v-13h4v13z"/><path d="m7 10.444c0-1.545-.051-2.836-.102-3.951h3.594l.178 1.723h.076c.506-.811 1.746-2 3.822-2 2.532 0 4.432 1.695 4.432 5.342v7.442h-4v-6.861c0-1.594-.607-2.81-2-2.81-1.062 0-1.594.86-1.873 1.569-.102.254-.127.608-.127.963v7.139h-4z"/></svg> </a> </li> <li class="eb-share__item"> <a title="Share on Reddit" class="eb-share__item--action eb-share__item--reddit" href="https://www.reddit.com/submit?url=https://eb.news/DFmqWekuRJuA"><svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-twitter " viewBox="0 0 172 172"> <g id="Page-1" stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"> <g id="Reddit_Mark_OnWhite" transform="translate(-85.000000, -85.000000)" fill-rule="nonzero"> <g id="Artwork" transform="translate(85.400000, 85.400000)"> <g id="Group" transform="translate(0.000000, 0.000000)"> <circle id="reddit-circle" fill="#000000" cx="85.5" cy="85.5" r="85.5"></circle> <path d="M142.5,85.5 C142.5,78.6 136.9,73 130,73 C126.6,73 123.6,74.3 121.4,76.5 C112.9,70.4 101.1,66.4 88.1,65.9 L93.8,39.2 L112.3,43.1 C112.5,47.8 116.4,51.6 121.2,51.6 C126.1,51.6 130.1,47.6 130.1,42.7 C130.1,37.8 126.1,33.8 121.2,33.8 C117.7,33.8 114.7,35.8 113.3,38.8 L92.6,34.4 C92,34.3 91.4,34.4 90.9,34.7 C90.4,35 90.1,35.5 89.9,36.1 L83.6,65.9 C70.3,66.3 58.4,70.2 49.8,76.5 C47.6,74.4 44.5,73 41.2,73 C34.3,73 28.7,78.6 28.7,85.5 C28.7,90.6 31.7,94.9 36.1,96.9 C35.9,98.1 35.8,99.4 35.8,100.7 C35.8,119.9 58.1,135.4 85.7,135.4 C113.3,135.4 135.6,119.9 135.6,100.7 C135.6,99.4 135.5,98.2 135.3,97 C139.4,95 142.5,90.6 142.5,85.5 Z M57,94.4 C57,89.5 61,85.5 65.9,85.5 C70.8,85.5 74.8,89.5 74.8,94.4 C74.8,99.3 70.8,103.3 65.9,103.3 C61,103.3 57,99.3 57,94.4 Z M106.7,117.9 C100.6,124 89,124.4 85.6,124.4 C82.2,124.4 70.5,123.9 64.5,117.9 C63.6,117 63.6,115.5 64.5,114.6 C65.4,113.7 66.9,113.7 67.8,114.6 C71.6,118.4 79.8,119.8 85.7,119.8 C91.6,119.8 99.7,118.4 103.6,114.6 C104.5,113.7 106,113.7 106.9,114.6 C107.6,115.6 107.6,117 106.7,117.9 Z M105.1,103.3 C100.2,103.3 96.2,99.3 96.2,94.4 C96.2,89.5 100.2,85.5 105.1,85.5 C110,85.5 114,89.5 114,94.4 C114,99.3 110,103.3 105.1,103.3 Z" id="reddit-robot" fill="#FFFFFF"></path> </g> </g> </g> </g> </svg> </a> </li> <li class="eb-share__item"> <a title="Share on Flipboard" class="eb-share__item--action eb-share__item--flipboard" href="https://share.flipboard.com/bookmarklet/popout?url=https://eb.news/DFmqWekuRJuA&title=Countries%20eye%20COP29%20finance%20deal%20while%20subsidising%20climate%20damage"><svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-flipboard " viewBox="0 0 24 24"><path d="M0,0 L0,24 L24,24 L24,0 L0,0 Z M19.2,9.6 L14.4,9.6 L14.4,14.4 L9.6,14.4 L9.6,19.2 L4.8,19.2 L4.8,4.8 L19.2,4.8 L19.2,9.6 Z"/></svg> </a> </li> <li title="Copy short URL" class="eb-share__item"> <a class="eb-share__item--action eb-share__item--link" href="#" title="Toggle shortlink URL" aria-controls="eb-share-shortlink" aria-label="Toggle search" aria-expanded="false"><svg xmlns="http://www.w3.org/2000/svg" class="eb-icon eb-icon-link " width="24" height="24" viewBox="0 0 24 24"><path d="M14.78 3.653a3.936 3.936 0 115.567 5.567l-3.627 3.627a3.936 3.936 0 01-5.88-.353.75.75 0 00-1.18.928 5.436 5.436 0 008.12.486l3.628-3.628a5.436 5.436 0 10-7.688-7.688l-3 3a.75.75 0 001.06 1.061l3-3z"/><path d="M7.28 11.153a3.936 3.936 0 015.88.353.75.75 0 001.18-.928 5.436 5.436 0 00-8.12-.486L2.592 13.72a5.436 5.436 0 107.688 7.688l3-3a.75.75 0 10-1.06-1.06l-3 3a3.936 3.936 0 01-5.567-5.568l3.627-3.627z"/></svg> </a> </li> <div class="eb-share__shortlink" id="eb-share-shortlink" data-eb-share-shortlink="true" aria-hidden="true"> <div class="eb-share__shortlink-url" data-short-link="https://eb.news/DFmqWekuRJuA">https://eb.news/DFmqWekuRJuA</div> <button class="eb-share__shortlink-copy"> <span class="eb-normalise-visually-hidden">Copy</span> <svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 16 16" class="eb-icon eb-icon-search "><path fill-rule="evenodd" d="M5.75 1a.75.75 0 00-.75.75v3c0 .414.336.75.75.75h4.5a.75.75 0 00.75-.75v-3a.75.75 0 00-.75-.75h-4.5zm.75 3V2.5h3V4h-3zm-2.874-.467a.75.75 0 00-.752-1.298A1.75 1.75 0 002 3.75v9.5c0 .966.784 1.75 1.75 1.75h8.5A1.75 1.75 0 0014 13.25v-9.5a1.75 1.75 0 00-.874-1.515.75.75 0 10-.752 1.298.25.25 0 01.126.217v9.5a.25.25 0 01-.25.25h-8.5a.25.25 0 01-.25-.25v-9.5a.25.25 0 01.126-.217z"/></svg> </button> </div> </ul> </div> </div> <div class="eb-article__meta"> <div class="eb-article__byline"> <div class="eb-article__byline__author"> <a class="eb-article__byline__author-link" href="https://www.context.news/just-transition/countries-eye-cop29-finance-deal-while-subsidising-climate-damage" target="_blank" rel="noopener">Thomson Reuters Foundation</a> </div> <div class="eb-article__meta__time"> 4 minute read <span class="eb-article__meta__divider"></span> <time class="eb-article__byline__publish-date" datetime="Nov. 21, 2024, 10:30 a.m.">Nov. 21, 2024</time> </div> </div> </div> <div class="eb-article__body"> <section class="eb-article__body-content"> <div class="ArticleText_text__9RYj1"> <p>At the UN COP29 climate summit in Azerbaijan, one issue is dominating proceedings: money.</p> <p>Countries are tasked with agreeing a new financial goal to help developing nations tackle climate change, a figure UN agencies say should reach US$1 trillion a year by the end of the decade.</p> <p>But governments are also spending trillions of dollars to support the production and <a href="https://www.context.news/just-transition/opinion/at-cop28-its-time-to-transform-the-global-financial-architecture" rel="noopener" target="_blank">use of fossil fuels</a>, such as subsidising the cost of petrol at the pump, which are the primary drivers of the climate crisis. </p> <p>States spent more than US$1.5 trillion <a href="https://www.earthtrack.net/sites/default/files/documents/ehs_report_september-2024-update_final.pdf" rel="noopener" target="_blank">subsidising fossil fuels</a> like coal, oil and gas in 2022 alone, according to a report published in September by Earth Track, a US-based research outfit tracking subsidies harming the environment.</p> <div class="ArticleText_text__9RYj1"> <p>In Brazil, the lion’s share of government support goes to subsidising fossil fuels instead of renewable energy, said Helena Spiritus, the global lead, oil and gas transition for WWF.</p> <p>“Fossil fuels keep going because of that and renewable energy doesn’t have the same competitive advantage,” she told Context at COP29.</p> <p>Spiritus said that while COP29 negotiations may not explicitly mention subsidies, global efforts being discussed to transition away from fossil fuels, <a href="https://www.context.news/net-zero/at-cop28-transition-from-fossil-fuels-agreed-but-doubts-remain" rel="noopener" target="_blank">agreed at the last COP28 in Dubai</a>, are impossible without shifting these payments.</p> <p>There have already been a <a href="https://www.context.news/net-zero/how-fossil-fuel-subsidies-are-hurting-the-energy-transition" rel="noopener" target="_blank">series of international pledges</a> to phase out fossil fuels and subsidies incentivising them, including a series of statements at UN COP meetings.</p> <blockquote> <h2 class="quote">“</h2> <p>The figures on the subsidies show that the world’s finance is moving in the wrong direction, with far more finance flowing to fuelling the climate crisis rather than taking action against it.</p> <p class="quote-credit">Teresa Anderson, global lead on climate justice, ActionAid</p> </blockquote> <p>The G20 group of countries meeting in Rio de Janeiro this week recommitted to <a href="https://www.gov.br/planalto/pt-br/media/18-11-2024-declaracao-de-lideres-g20.pdf" rel="noopener" target="_blank">phasing out “inefficient” subsidies</a> in a leaders’ declaration, a pledge it first made in 2009.</p> <p>But actual global progress has been limited. Subsidies remain stubbornly high and cutting them is not easy politically, as consumers rely on them.</p> <p>G20 nations <a href="https://www.context.news/net-zero/how-fossil-fuel-subsidies-are-hurting-the-energy-transition" rel="noopener" target="_blank">spent nearly US$1 trillion on fossil fuel subsidies</a> for consumers in 2022, according to another analysis by the International Institute for Sustainable Development (IISD).</p> <p>Governments from the Global South are also following suit, spending an <a href="https://actionaid.org/publications/2024/industries-fuelling-climate-crisis-are-draining-public-funds-global-south-new" rel="noopener" target="_blank">average of US$439 billion a year</a> between 2016 to 2023, compared to just US$10 billion a year on renewable energy public investment, a recent report by the rights group ActionAid said.</p> <p>“The figures on the subsidies show that the world’s finance is moving in the wrong direction, with far more finance flowing to fuelling the climate crisis rather than taking action against it,” said Teresa Anderson, the global lead on climate justice at ActionAid.</p> </div> <div class="row g-0 ArticleSingleImage_wrapper__v8ERl"> <div class="col-24"> <h4>Reform pitfalls</h4> <p>The drive to cut back fossil fuel subsidies in many countries is driven by domestic economic concerns like rising debt or heavy energy spending, rather than as a measure of addressing climate change, said Jakob Skovgaard, a senior lecturer at Lund University in Sweden.</p> <p>Attempts to remove subsidies can raise costs of transport or irrigation, which in turn may badly impact workers and the poor unless proactive measures are taken to protect them. </p> <p>“Any attempt at reform or phase-out tends to be extremely contentious,” he said.</p> <p>Protests against rising fuel prices have erupted in emerging economies from Angola to Nigeria as debt-ridden governments try to <a href="https://www.reuters.com/world/africa/deluge-protests-fuel-subsidies-prove-hard-abolish-2024-08-08/" rel="noopener" target="_blank">cut back subsidies.</a> That has made politicians reluctant to adopt further unpopular economic policies.</p> <p>Mass <a href="https://www.reuters.com/markets/asia/troubled-bangladeshs-economy-bogged-down-by-high-unemployment-inflation-2024-08-08/" rel="noopener" target="_blank">protests</a> that toppled Bangladeshi Prime Minister Sheikh Hasina in August this year were <a href="https://cpd.org.bd/a-quest-for-a-possible-option-for-the-subsidy-phaseout/" rel="noopener" target="_blank">inflamed by fuel price hikes</a> that impacted small businesses, farmers and consumers.</p> <p>Rather than scrapping subsidies overnight, countries should have a fair, phased strategy for fossil fuel subsidy reform, said IISD policy advisor Natalie Jones.</p> <p>Such reforms should be undertaken when fuel prices are lower and the government should have a clear, predictable road map allowing consumers to adjust to the changes, she said. </p> <p>Emerging economies can find ways to support the most vulnerable in society while pushing subsidy reforms, energy experts said.</p> <p>In Egypt, cuts to fossil fuel subsidies in 2014 were tied with food subsidies and social pensions to cushion poorer people from the <a href="https://www.wri.org/update/egypt-transitioning-away-subsidizing-fossil-fuels" rel="noopener" target="_blank">impact of the reform.</a></p> <p>Other countries, like the Dominican Republic, <a href="https://blogs.worldbank.org/en/energy/how-can-cash-transfers-support-energy-subsidy-reforms" rel="noopener" target="_blank">set up cash transfer programmes</a> to compensate for fuel price hikes.</p> <p>As many countries undertaking these reforms are debt-ridden, cancelling debts could be a key way of allowing governments to direct resources towards social assistance programmes, said Anderson form ActionAid.</p> <p>Global public debt is rising, <a href="https://www.reuters.com/business/finance/imf-says-global-public-debt-top-100-trillion-growth-may-accelerate-2024-10-15/" rel="noopener" target="_blank">exceeding US$100 billion</a> for the first time this year and creating pressure on countries relying on imported fuels.</p> <p>“Ultimately, you have to phase out fossil fuels to <a href="https://www.nature.com/articles/s44168-024-00149-7" rel="noopener" target="_blank">end subsidies</a> and rich nations should lead by example,” said Jakob Skovgaard.</p> <p><em><span style="font-weight: 400;">This story was published with permission from <a href="https://www.context.news/just-transition/countries-eye-cop29-finance-deal-while-subsidising-climate-damage">Thomson Reuters Foundation</a>, the charitable arm of Thomson Reuters, that covers humanitarian news, climate change, resilience, women’s rights, trafficking and property rights. Visit </span><a href="https://www.context.news/"><span style="font-weight: 400;">https://www.context.news/</span></a><span style="font-weight: 400;">.</span></em></p> </div> </div> </div> <div class="eb-article__eb-circle-banner"> <div class="eb-item eb-item--no-image eb-item--cta-mobile eb-item--cta-tablet eb-item--cta-eb-circle" data-item-num="6"> <div class="eb-item__container"> <div class="eb-item__content"> <div class="eb-item__header"> <h3 class="eb-item__title"> Like this content? Join our growing community. </h3> <p class="eb-item__cta-description">Your support helps to strengthen independent journalism, which is critically needed to guide business and policy development for positive impact. Unlock unlimited access to our content and members-only perks.</p> </div> <div class="eb-item__cta"> <a href="/accounts/signup-options/" class="eb-item__link u-faux-block-link__cta"> Find out more and join us. → </a> </div> </div> <a href="/accounts/signup-options/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Find out more and join us. →</a> </div> </div> </div> </section> <div class="eb-article__sub-meta"><div class="eb-article__meta-categories"><h3 class="eb-container__header__title"><span class="eb-container__title__text">Related to this story</span></h3><h5 class="eb-article__meta-categories__title">Topics</h5><ul class="eb-article__meta-categories__list"><li class="eb-article__meta-categories__list-item"><a href="/category/carbon-climate/" class="eb-article__meta-categories__link">Carbon & Climate</a></li><li class="eb-article__meta-categories__list-item"><a href="/category/energy/" class="eb-article__meta-categories__link">Energy</a></li><li class="eb-article__meta-categories__list-item"><a href="/category/policy-finance/" class="eb-article__meta-categories__link">Policy & Finance</a></li><li class="eb-article__meta-categories__list-item"><a href="/category/transport-logistics/" class="eb-article__meta-categories__link">Transport</a></li></ul><h5 class="eb-article__meta-categories__title">Regions</h5><ul class="eb-article__meta-categories__list"><li class="eb-article__meta-categories__list-item"><a href="/region/global/" class="eb-article__meta-categories__link">Global</a></li></ul><h5 class="eb-article__meta-categories__title">Tags</h5><ul class="eb-article__meta-categories__list"><li class="eb-article__meta-categories__list-item"><a href="/tags/coal/" class="eb-article__meta-categories__link">coal</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/cop/" class="eb-article__meta-categories__link">COP</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/emissions/" class="eb-article__meta-categories__link">emissions</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/fossil-fuels/" class="eb-article__meta-categories__link">fossil fuels</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/gas/" class="eb-article__meta-categories__link">gas</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/infrastructure/" class="eb-article__meta-categories__link">infrastructure</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/investment/" class="eb-article__meta-categories__link">investment</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/irrigation/" class="eb-article__meta-categories__link">irrigation</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/oil/" class="eb-article__meta-categories__link">oil</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/subsidies/" class="eb-article__meta-categories__link">subsidies</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/un/" class="eb-article__meta-categories__link">UN</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/climate/" class="eb-article__meta-categories__link">climate</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/inequality/" class="eb-article__meta-categories__link">inequality</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/governance/" class="eb-article__meta-categories__link">governance</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/sustainable-finance/" class="eb-article__meta-categories__link">sustainable finance</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/climate-finance/" class="eb-article__meta-categories__link">climate finance</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/transport/" class="eb-article__meta-categories__link">transport</a></li><li class="eb-article__meta-categories__list-item"><a href="/tags/cop29/" class="eb-article__meta-categories__link">COP29</a></li></ul><h5 class="eb-article__meta-categories__title">SDGs</h5><ul class="eb-article__meta-categories__list"><li class="eb-article__meta-categories__list-item"><a href="/sustainable-development-goals/affordable-and-clean-energy/" class="eb-article__meta-categories__link">7. Energy</a></li><li class="eb-article__meta-categories__list-item"><a href="/sustainable-development-goals/industry-innovation-and-infrastructure/" class="eb-article__meta-categories__link">9. Infrastructure</a></li><li class="eb-article__meta-categories__list-item"><a href="/sustainable-development-goals/reduced-inequalities/" class="eb-article__meta-categories__link">10. Inequality</a></li><li class="eb-article__meta-categories__list-item"><a href="/sustainable-development-goals/sustainable-cities-and-communities/" class="eb-article__meta-categories__link">11. Cities</a></li><li class="eb-article__meta-categories__list-item"><a href="/sustainable-development-goals/climate-action/" class="eb-article__meta-categories__link">13. Climate</a></li><li class="eb-article__meta-categories__list-item"><a href="/sustainable-development-goals/peace-justice-and-strong-institutions/" class="eb-article__meta-categories__link">16. Peace</a></li><li class="eb-article__meta-categories__list-item"><a href="/sustainable-development-goals/partnerships-goals/" class="eb-article__meta-categories__link">17. Partnerships</a></li></ul></div></div> <div id="dfp-ad-inline1" class="js-ad-slot ad-slot ad-slot--dfp ad-slot--inline"> <div id="div-gpt-ad-1362455821085-0" class="ad-slot__ad" data-sizes='[[300,250],[300,100]]' data-dfp="TEST-R1"></div> </div> </div> <div class="eb-article__right-column"> <div id="dfp-ad-inline2" class="js-ad-slot ad-slot ad-slot--dfp ad-slot--mpu-banner-ad ad-slot--not-mobile"> <div id="div-gpt-ad-1362455907091-0" class="ad-slot__ad" data-sizes='[[300,250],[300,100]]' data-dfp="TEST-R2"></div> </div> <div class="eb-story-list"> <h3 class="eb-story-list__title"> <span class="eb-story-list__title-text">Most popular</span> </h3> <ul class="eb-story-list__items"> <li class="eb-item eb-item--has-image eb-item--list--media-square-mobile eb-item--list-media-square-tablet eb-item--section-news eb-item--news-small"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--square"> <picture> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="82x" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/PANG9668.jpeg?ar=1%3A1&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=82 82w"> <source media="(min-width: 0px)" sizes="82px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/PANG9668.jpeg?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82 82w"> <img data-src="https://eco-business.imgix.net/ebmedia/fileuploads/PANG9668.jpeg?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82" loading="lazy" class="lazyload " alt="Kelvin Wong DBS at ASIFMA 2024"> </picture> </div> </div> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> News / <span class="eb-item__sub-title--normal"> Energy </span> </h4> <h3 class="eb-item__title"> <a href="/news/dbs-circumspect-about-scaling-indonesias-first-early-coal-retirement-nationwide/" class="eb-item__link"> DBS ‘circumspect’ about scaling Indonesia’s first early coal retirement nationwide </a> </h3> </div> <div class="eb-item__standfirst"> Cirebon 1’s financial advisor says the model "might not be replicable" nationwide as grid stability costs were overlooked … </div> </div> <a href="/news/dbs-circumspect-about-scaling-indonesias-first-early-coal-retirement-nationwide/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">DBS ‘circumspect’ about scaling Indonesia’s first early coal retirement nationwide</a> </div> </li> <li class="eb-item eb-item--has-image eb-item--list--media-square-mobile eb-item--list-media-square-tablet eb-item--section-news eb-item--news-small"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--square"> <picture> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="82x" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/SG-pavilion-clean.png?ar=1%3A1&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=82 82w"> <source media="(min-width: 0px)" sizes="82px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/SG-pavilion-clean.png?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82 82w"> <img data-src="https://eco-business.imgix.net/ebmedia/fileuploads/SG-pavilion-clean.png?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82" loading="lazy" class="lazyload " alt="SG coffee"> </picture> </div> </div> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> News / <span class="eb-item__sub-title--normal"> Carbon & Climate </span> </h4> <h3 class="eb-item__title"> <a href="/news/how-southeast-asian-countries-are-positioning-themselves-at-cop29/" class="eb-item__link"> How Southeast Asian countries are positioning themselves at COP29 </a> </h3> </div> <div class="eb-item__standfirst"> Eco-Business takes a look at the key issues being pushed at the pavilions of Asean countries at the … </div> </div> <a href="/news/how-southeast-asian-countries-are-positioning-themselves-at-cop29/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">How Southeast Asian countries are positioning themselves at COP29</a> </div> </li> <li class="eb-item eb-item--has-image eb-item--list--media-square-mobile eb-item--list-media-square-tablet eb-item--section-video eb-item--video-small"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--square"> <picture> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="82x" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-18_at_4.01.43_PM.png?ar=1%3A1&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=82 82w"> <source media="(min-width: 0px)" sizes="82px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-18_at_4.01.43_PM.png?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82 82w"> <img data-src="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-18_at_4.01.43_PM.png?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82" loading="lazy" class="lazyload " alt="Transition credits explainer video_title card"> </picture> </div> </div> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> Videos / <span class="eb-item__sub-title--normal"> Energy </span> </h4> <h3 class="eb-item__title"> <a href="/videos/how-to-close-a-coal-plant-early-transition-credits-explained/" class="eb-item__link"> How to close a coal plant early? Transition credits, explained </a> </h3> </div> <div class="eb-item__standfirst"> This mini-documentary examines how transition credits work and whether they can fund Southeast Asia's equitable switch to clean … </div> </div> <a href="/videos/how-to-close-a-coal-plant-early-transition-credits-explained/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">How to close a coal plant early? Transition credits, explained</a> </div> </li> <li class="eb-item eb-item--has-image eb-item--list--media-square-mobile eb-item--list-media-square-tablet eb-item--section-news eb-item--news-small"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--square"> <picture> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="82x" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-19_at_9.57.54_PM.png?ar=1%3A1&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=82 82w"> <source media="(min-width: 0px)" sizes="82px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-19_at_9.57.54_PM.png?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82 82w"> <img data-src="https://eco-business.imgix.net/ebmedia/fileuploads/Screenshot_2024-11-19_at_9.57.54_PM.png?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82" loading="lazy" class="lazyload " alt="Woodside Energy AGM"> </picture> </div> </div> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> News / <span class="eb-item__sub-title--normal"> Energy </span> </h4> <h3 class="eb-item__title"> <a href="/news/australias-woodside-energy-defends-climate-strategy-cites-cost-as-a-barrier-to-gas-decarbonisation/" class="eb-item__link"> Australia’s Woodside Energy defends climate strategy, cites cost as a barrier to gas decarbonisation </a> </h3> </div> <div class="eb-item__standfirst"> In an interview with Eco-Business, CEO Meg O'Neill says Woodside will have to engage investors on natural gas … </div> </div> <a href="/news/australias-woodside-energy-defends-climate-strategy-cites-cost-as-a-barrier-to-gas-decarbonisation/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Australia's Woodside Energy defends climate strategy, cites cost as a barrier to gas decarbonisation</a> </div> </li> <li class="eb-item eb-item--has-image eb-item--list--media-square-mobile eb-item--list-media-square-tablet eb-item--section-news eb-item--news-small"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--square"> <picture> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="82x" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/54134550020_d0ce50e702_6k.jpg?ar=1%3A1&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=82 82w"> <source media="(min-width: 0px)" sizes="82px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/54134550020_d0ce50e702_6k.jpg?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82 82w"> <img data-src="https://eco-business.imgix.net/ebmedia/fileuploads/54134550020_d0ce50e702_6k.jpg?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82" loading="lazy" class="lazyload " alt="COP29_Bangladesh_Adviser_UN_Secretary_General"> </picture> </div> </div> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> News / <span class="eb-item__sub-title--normal"> Energy </span> </h4> <h3 class="eb-item__title"> <a href="/news/can-bangladesh-cut-its-reliance-on-fossil-fuel-imports/" class="eb-item__link"> Can Bangladesh cut its reliance on fossil fuel imports? </a> </h3> </div> <div class="eb-item__standfirst"> As Bangladesh pays debts to Indian energy firm Adani Power, its new government wants to go green. </div> </div> <a href="/news/can-bangladesh-cut-its-reliance-on-fossil-fuel-imports/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Can Bangladesh cut its reliance on fossil fuel imports?</a> </div> </li> <li class="eb-item eb-item--has-image eb-item--list--media-square-mobile eb-item--list-media-square-tablet eb-item--section-news eb-item--news-small"> <div class="eb-item__container"> <div class="eb-item__media-wrapper"> <div class="eb-item__image-container u-responsive-ratio u-responsive-ratio--square"> <picture> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="82x" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/54143956255_c8e3219c8c_5k.jpg?ar=1%3A1&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=82 82w"> <source media="(min-width: 0px)" sizes="82px" data-srcset="https://eco-business.imgix.net/ebmedia/fileuploads/54143956255_c8e3219c8c_5k.jpg?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82 82w"> <img data-src="https://eco-business.imgix.net/ebmedia/fileuploads/54143956255_c8e3219c8c_5k.jpg?ar=1%3A1&auto=format&fit=crop&ixlib=django-1.2.0&q=85&width=82" loading="lazy" class="lazyload " alt="COP29_YACAP_Youth_Activist_Filipino"> </picture> </div> </div> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> News / <span class="eb-item__sub-title--normal"> Energy </span> </h4> <h3 class="eb-item__title"> <a href="/news/southeast-asias-mineral-boom-for-renewable-energy-sparks-social-unrest/" class="eb-item__link"> Southeast Asia’s mineral boom for renewable energy sparks social unrest </a> </h3> </div> <div class="eb-item__standfirst"> Global Witness warns that mining for green energy is fuelling conflict and human rights abuses in Asia and … </div> </div> <a href="/news/southeast-asias-mineral-boom-for-renewable-energy-sparks-social-unrest/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Southeast Asia’s mineral boom for renewable energy sparks social unrest</a> </div> </li> </ul> </div> <div class="eb-story-list eb-story-list--events"> <h3 class="eb-story-list__title"> <span class="eb-story-list__title-text">Featured Events</span> </h3> <ul class="eb-story-list__items eb-story-list__items--events"> <li class="eb-item eb-item--no-image eb-item--has-metadata eb-item--list-mobile-client-content eb-item--list-tablet-client-content eb-item--section-events" data-item-num="1"> <div class="eb-item__container"> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> Sunway Resort Hotel, Malaysia </h4> <h3 class="eb-item__title"> <a href="/events/sustainable-action-conference-2024-20/" class="eb-item__link"> Sustainable Action Conference 2024 (2.0) </a> </h3> </div> </div> <div class="eb-item__meta"> 21 Nov 2024 • <span class="eb-item__meta--bold">Conference</span> </div> <a href="/events/sustainable-action-conference-2024-20/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Sustainable Action Conference 2024 (2.0)</a> </div> </li> <li class="eb-item eb-item--no-image eb-item--has-metadata eb-item--list-mobile-client-content eb-item--list-tablet-client-content eb-item--section-events" data-item-num="2"> <div class="eb-item__container"> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> Bangkok </h4> <h3 class="eb-item__title"> <a href="/events/unlocking-capital-for-sustainability-2024-thailand/" class="eb-item__link"> Unlocking capital for sustainability 2024 - Thailand </a> </h3> </div> </div> <div class="eb-item__meta"> 25 Nov 2024 • <span class="eb-item__meta--bold">Conference</span> </div> <a href="/events/unlocking-capital-for-sustainability-2024-thailand/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Unlocking capital for sustainability 2024 - Thailand</a> </div> </li> <li class="eb-item eb-item--no-image eb-item--has-metadata eb-item--list-mobile-client-content eb-item--list-tablet-client-content eb-item--section-events" data-item-num="3"> <div class="eb-item__container"> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> Singapore </h4> <h3 class="eb-item__title"> <a href="/events/orange-forum-2024-sustainable-futures-through-orange/" class="eb-item__link"> Orange Forum 2024: Sustainable Futures through Orange </a> </h3> </div> </div> <div class="eb-item__meta"> 10 Dec 2024 • <span class="eb-item__meta--bold">Conference</span> </div> <a href="/events/orange-forum-2024-sustainable-futures-through-orange/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Orange Forum 2024: Sustainable Futures through Orange</a> </div> </li> <li class="eb-item eb-item--no-image eb-item--has-metadata eb-item--list-mobile-client-content eb-item--list-tablet-client-content eb-item--section-events" data-item-num="4"> <div class="eb-item__container"> <div class="eb-item__content"> <div class="eb-item__header"> <h4 class="eb-item__sub-title"> Hong Kong </h4> <h3 class="eb-item__title"> <a href="/events/unlocking-capital-for-sustainability-2024-hong-kong/" class="eb-item__link"> Unlocking capital for sustainability 2024 - Hong Kong </a> </h3> </div> </div> <div class="eb-item__meta"> 28 Feb 2025 • <span class="eb-item__meta--bold">Conference</span> </div> <a href="/events/unlocking-capital-for-sustainability-2024-hong-kong/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Unlocking capital for sustainability 2024 - Hong Kong</a> </div> </li> </ul> <div class="eb-story-list__cta"> <a class="eb-button eb-button--small eb-button--secondary-inverse" href="/accounts/signup-options/" class="featured-cta__link">Publish your event</a> </div> </div> </div>  </div>  </article> <div class="eb-article__content-footer"> <div id="eb-related-content" class="eb-article__related_content"></div> </div>  <section class="eb-banner eb-banner--sdg-co"> <div class="eb-container"> <div class="eb-banner__background"> <img data-src="https://eco-business.imgix.net/banners/sdgco_pattern.png?auto=format&ixlib=django-1.2.0&q=85" loading="lazy" class="lazyload" alt="leaf background pattern"> </div> <div class="eb-banner__body"> <div class="eb-banner__header"> <div id="eb-sdg-co-banner-logo" class="eb-banner__logo"> <img loading="lazy" class="lazyload" data-src="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/sdg-co-white-2021.769c8a44f500.svg" alt="The SDG Co"> </div> <h2 id="eb-sdg-co-banner-title" class="eb-banner__title"> <span id="eb-sdg-co-banner-title-text">Transforming Innovation for Sustainability</span> <a id="eb-sdg-co-banner-cta" href="https://www.thesdg.co" target="_blank" rel="noopener" class="eb-button eb-button--medium eb-button--accent">Join the Ecosystem →</a> </h2> </div> </div> </div> </section> <section class="eb-grid__section" id="eb-subscribe"> <div class="eb-container"> <div class="eb-promotions eb-promotions--subscribe"> <div class="eb-promotion eb-promotion--subscribe"> <div class="eb-promotion__background"> <picture> <source media="(min-width: 1220px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 1220px) and (min-resolution: 120dpi)" sizes="860px" data-srcset="https://eco-business.imgix.net/promotions/promo_subscribe_laptop-bg-desktop.jpg?ar=&auto=format&dpr=2&ixlib=django-1.2.0&q=45&width=860 860w"> <source media="(min-width: 1220px)" sizes="860px" data-srcset="https://eco-business.imgix.net/promotions/promo_subscribe_laptop-bg-desktop.jpg?auto=format&ixlib=django-1.2.0&q=85&width=860 860w"> <source media="(min-width: 980px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 980px) and (min-resolution: 120dpi)" sizes="620px" data-srcset="https://eco-business.imgix.net/promotions/promo_subscribe_laptop-bg.jpg?ar=&auto=format&dpr=2&ixlib=django-1.2.0&q=45&width=620 620w"> <source media="(min-width: 980px)" sizes="620px" data-srcset="https://eco-business.imgix.net/promotions/promo_subscribe_laptop-bg.jpg?auto=format&ixlib=django-1.2.0&q=85&width=620 620w"> <source media="(min-width: 740px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 740px) and (min-resolution: 120dpi)" sizes="380px" data-srcset="https://eco-business.imgix.net/promotions/promo_subscribe_laptop-bg.jpg?ar=&auto=format&dpr=2&ixlib=django-1.2.0&q=45&width=380 380w"> <source media="(min-width: 740px)" sizes="380px" data-srcset="https://eco-business.imgix.net/promotions/promo_subscribe_laptop-bg.jpg?auto=format&ixlib=django-1.2.0&q=85&width=380 380w"> <source media="(min-width: 0px) and (-webkit-min-device-pixel-ratio: 1.25), (min-width: 0px) and (min-resolution: 120dpi)" sizes="300" data-srcset="https://eco-business.imgix.net/promotions/promo_subscribe_laptop-bg.jpg?ar=&auto=format&dpr=2&fit=crop&ixlib=django-1.2.0&q=45&width=408 300w"> <source media="(min-width: 0px)" sizes="300px" data-srcset="https://eco-business.imgix.net/promotions/promo_subscribe_laptop-bg.jpg?auto=format&ixlib=django-1.2.0&q=85&width=408 300w"> <img data-src="https://eco-business.imgix.net/promotions/promo_subscribe_laptop-bg.jpg?auto=format&ixlib=django-1.2.0&q=85&width=300" loading="lazy" class="lazyload" alt="Singapore Gardens by the Bay"> </picture> </div> <div class="eb-promotion__content"> <div class="eb-item eb-item--no-image eb-item--cta-mobile eb-item--cta-tablet eb-item--cta-subscribe" data-item-num="6"> <div class="eb-item__container"> <div class="eb-item__content"> <div class="eb-item__header"> <h3 class="eb-item__title"> Receive the latest news in sustainability, daily or weekly. </h3> </div> <div class="eb-item__cta"> <a href="/newsletters/subscribe/" class="eb-item__link u-faux-block-link__cta"> Sign up for our newsletter → </a> </div> </div> <a href="/newsletters/subscribe/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Sign up for our newsletter →</a> </div> </div> </div> </div> <div id="dfp-ad-inline3" class="js-ad-slot ad-slot ad-slot--dfp ad-slot--inline ad-slot--container-inline"> <div id="div-gpt-ad-1362455980332-0" class="ad-slot__ad" data-sizes='[[300,250],[300,100]]' data-dfp="TEST-R3"></div> </div> </div> </div> </section> </div>  <footer class="eb-footer" id="eb-footer"> <div class="eb-container"> <div class="eb-footer__header"> <a href="/" class="eb-footer__logo" title="Eco Business"> <img loading="lazy" class="lazyload" data-src="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/eco-business-logo-white.a2782e52ea6a.svg" alt="Eco-Business"> </a> <div class="eb-footer__top"> <a class="eb-footer__link" href="#top">Back to top ↑</a> </div> </div> <div class="eb-footer__body"> <div class="eb-footer__column"> <div class="eb-footer__award-logos"> <div class="eb-footer__award-logo"> <img loading="lazy" class="lazyload" data-src="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/adma_logo-gold.cb8eb2cd2b8d.png" alt="Asian Digital Media Awards 2021 Best News Website or Mobile Service"> </div> <div class="eb-footer__award-logo"> <img loading="lazy" class="lazyload" data-src="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/adma_logo-silver.ac89ec413765.png" alt="Asian Digital Media Awards 2021 Small/Medium Publisher"> </div> <div class="eb-footer__award-logo"> <div class="eb-footer__award-logo__wrapper"> <a href="https://www.bcorporation.net/en-us/find-a-b-corp/company/eco-business/" target="_blank" rel="nofollow noopener"><img loading="lazy" class="lazyload" data-src="https://d11qvh2fgoiqjh.cloudfront.net/static/assets/img/B-Corp-Logo-White-RGB.dde7d0f984f0.svg" alt="Certified B Corporation"></a> </div> </div> </div> </div> <div class="eb-footer__column"> <h4 class="eb-footer__heading">Sections</h4> <ul class="eb-footer__list"> <li class="eb-footer__item"> <a href="/" class="eb-footer__link">Home</a> </li> <li class="eb-footer__item"> <a href="/news/" class="eb-footer__link">News</a> </li> <li class="eb-footer__item"> <a href="/opinion/" class="eb-footer__link">Opinion</a> </li> <li class="eb-footer__item"> <a href="/videos/" class="eb-footer__link">Videos</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" href="/podcasts/">Podcasts</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" href="/news/specialreport/">Special Reports</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" href="/news/industryspotlight/">Industry Spotlight</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" href="/news/featureseries/">Feature Series</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" href="/region/">Regions</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" href="https://changingcourse.eco-business.com/">Changing Course</a> </li> </ul> </div> <div class="eb-footer__column"> <h4 class="eb-footer__heading">Services</h4> <ul class="eb-footer__list"> <li class="eb-footer__item"><a class="eb-footer__link" href="/events/">Events</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/jobs/">Jobs</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/press-releases/">Press Releases</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/eb-studio/">EB Studio</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/intelligence/">Intelligence</a></li> </ul> </div> <div class="eb-footer__column"> <h4 class="eb-footer__heading">Subscribe</h4> <ul class="eb-footer__list"> <li class="eb-footer__item"> <a class="eb-footer__link" href="/accounts/signup-options/">Eco-Business subscriptions</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" href="/newsletters/subscribe/">Newsletters</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" href="/dashboard/eb-enterprise/">EB Enterprise</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" target="_blank" rel="nofollow noopener" href="https://www.facebook.com/EcoBusinessMedia">Facebook</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" target="_blank" rel="nofollow noopener" href="http://twitter.com/ecobusinesscom">Twitter</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" target="_blank" rel="nofollow noopener" href="https://www.linkedin.com/company/eco-business/">Linkedin</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" target="_blank" rel="nofollow noopener" href="https://www.instagram.com/ecobusinesscom">Instagram</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" target="_blank" rel="nofollow noopener" href="https://t.me/ecobusinessnews">Telegram</a> </li> <li class="eb-footer__item"> <a class="eb-footer__link" href="/feeds/">RSS</a> </li> </ul> </div> <div class="eb-footer__column"> <h4 class="eb-footer__heading">About</h4> <ul class="eb-footer__list"> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/">About Us</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/team/">Our Team</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/join-us/">Join Us</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/advisoryboard/">Advisory Board</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/contributors/">Contributors</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/contact/">Contact Us</a></li> </ul> </div> <div class="eb-footer__column"> <h4 class="eb-footer__heading">Policy</h4> <ul class="eb-footer__list"> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/republishing-guidelines/">Republishing Guidelines</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/editorial/">Op-ed Guidelines</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/pressreleases/">Press Release Guidelines</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/privacy-policy/">Privacy Policy</a></li> <li class="eb-footer__item"><a class="eb-footer__link" href="/about/terms-conditions/">Terms & Conditions</a></li> </ul> </div> </div> <div class="eb-footer__copyright"> © Eco-Business 2009—2024 </div> </div> </footer> </div> <div class="eb-bottom-banner eb-bottom-banner--eb-premium eb-bottom-banner--is-hidden" id="eb-bottom-banner" aria-hidden="true" data-eb-bottom-banner="true"> <div class="eb-bottom-banner__outer"> <div class="eb-bottom-banner__inner"> <div class="eb-item eb-item--no-image eb-item--cta-mobile eb-item--cta-tablet"> <div class="eb-item__container"> <div class="eb-item__content"> <div class="eb-item__header"> <h3 class="eb-item__title"> Support our independent journalism. #newsthatimpacts </h3> </div> <div class="eb-item__cta eb-item__cta--bottom-banner"> <button id="eb-bottom-banner_close" class="eb-item__cta__close"> × Close </button> <a href="/accounts/signup-options/" class="eb-item__link u-faux-block-link__cta"> Subscribe now → </a> </div> </div> <a href="/accounts/signup-options/" class="u-faux-block-link__overlay" tabindex="-1" aria-hidden="true">Subscribe now →</a> </div> </div> </div> </div> </div> </div> <script type="text/javascript" src="https://d11qvh2fgoiqjh.cloudfront.net/static/js/vendor_revamp.14d3b520c3d2.js"></script> <script type="text/javascript" src="https://d11qvh2fgoiqjh.cloudfront.net/static/js/app.min.788c83c8d823.js"></script> <script type="text/javascript" src="https://d11qvh2fgoiqjh.cloudfront.net/static/hitcount/jquery.postcsrf.52fbbe0e27ed.js"></script> <script type="text/javascript"> // Determines if the user is likely using an ad block extension async function checkAdBlocker() { // Used to cache the result let isBlocked; async function tryRequest() { try { return fetch( new Request( "https://securepubads.g.doubleclick.net/tag/js/gpt.js", { method: "HEAD", mode: "no-cors", } ) ) .then(function (response) { // Google Ads request succeeded, so likely no ad blocker isBlocked = false; return isBlocked; }) .catch(function (e) { // Request failed, likely due to ad blocker isBlocked = true; return isBlocked; }); } catch (error) { // fetch API error; possible fetch not supported (old browser) // Marking as a blocker since there was an error and so // we can prevent continued requests when this function is run // console.log(error); isBlocked = true; return isBlocked; } } return isBlocked !== undefined ? isBlocked : await tryRequest(); } async function postData(url = "", data = {}) { const response = await fetch(url, { method: "POST", mode: "same-origin", cache: "no-cache", credentials: "same-origin", headers: { "Content-Type": "application/json", "X-Requested-With": "XMLHttpRequest" // For Django Ajax test }, body: JSON.stringify(data), }); return response.json(); } function relatedStoriesHandler(){ var view_url = '/news/related/countries-eye-cop29-finance-deal-while-subsidising-climate-damage/'; $.ajax({ type: "GET", url: view_url, // dataType: 'json', success: function(data) { if(data){ $(".eb-article__related_content").html(data); var paragraphs = $(".eb-article__body-content > p").length; $(".eb-article__aside").hide(); if (paragraphs > 2) { $(".eb-article__body-content > p:nth-of-type(2)").after($('.eb-article__aside')); $(".eb-article__aside").show(); } $(".eb-article__related_content .loader").hide(); // $(".eb-article__related_content related-content").fadeIn(200); $(".eb-article__aside .u-faux-block-link__overlay").hover( function() { $(this).parent().addClass("u-faux-block-link--hover"); }, function() { $(this).parent().removeClass("u-faux-block-link--hover"); } ); $(".eb-article__related_content .u-faux-block-link__overlay").hover( function() { $(this).parent().addClass("u-faux-block-link--hover"); }, function() { $(this).parent().removeClass("u-faux-block-link--hover"); } ); // Initiliase lazy loading for images const firstRelatedStoryEl = document.getElementById("eb-first-related-story"); const relatedContentEl = document.getElementById("eb-related-content"); initLazyLoadingAjax(firstRelatedStoryEl); initLazyLoadingAjax(relatedContentEl); } else {} }, error: function(request, status, error) { // process_form_errors(request.responseText, alert_form); } }); } function add_target_blank_to_external_links() { $('.eb-article__body-content a[href^="http"]').not('.eb-article__body-content a[href*="eco-business.com"], .eb-article__body-content a[href*="eb.news"]').attr({target: "_blank", rel: "noopener"}); } $(document).ready(function() { var paragraphs = $(".eb-article__body-content > p").length; if (paragraphs > 8) { var adPara = Math.floor(paragraphs / 2); $(".eb-article__body-content > p:nth-of-type(" + adPara + ")").after($('#dfp-ad-inline1')); } // TODO: Remove temporary fix for related stories relatedStoriesHandler(); add_target_blank_to_external_links(); $(".eb-button--story-lang-switch").click(function(e) { e.preventDefault(); var language = $("input[name='language']"); new_language = $(this).data("language-code"); language.val(new_language); $("#js-languagesForm").submit(); }); }); </script> </body> </html>

CINXE.COM

Countries eye COP29 finance deal while subsidising climate damage | News | Eco-Business | Asia Pacific