Money is needed to save the world

Global efforts to phase out fossil fuels and reduce emissions in line with the Paris Agreement are falling short. While the first global stocktake at the UN Climate Change Conference in Dubai (COP28) formally called for a phase-out of coal, oil and gas by 2023, most countries' energy and climate policies are not yet aligned with this goal. However, there are technical solutions that can speed up these efforts. The Potsdam Institute for Climate Impact Research and KfW Research have published a report for the COP29 conference that highlights these opportunities - and points out that, above all, it is a question of money.