Today was a dramatic and busy day in the forestry negotiations. We spent much of the day talking to delegates about the proposal to review developed countries' emissions reference levels (the source of the logging loophole). We are concerned that while the review offers increased transparency, this increased transparency will not reduce emissions. We are still pushing developed countries that they must abandon their emissions loophole. So far, none among them have stepped up to take a leadership role here.
The negotiations got a shake up when the Central African Forest Commission (COMIFAC) made a formal statement saying that all the LULUCF loopholes must be closed. It is likely that the statement could have some significant political ramifications and it will take a few days to see how this unfolds.
Rachel Reeves Promised Oil Industry ‘Quid Pro Quo’ Over Windfall Tax in
Private Meeting
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Chancellor Rachel Reeves told a fossil fuel giant that the industry would
receive a “quid pro quo” in return for higher taxes on its windfall
profits, De...
16 hours ago
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