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November 14, 2023

State of Climate Action 2023: ‘Most significant setbacks’ yet on global policy and financing

A Tesla Supercharger station. The only indicator of the 42 analysed in the report that is on track to reach its 2030 target is electric vehicles’ share of passenger car sales.
(Photo: Taehoon Kim/Bloomberg)
A Tesla Supercharger station. The only indicator of the 42 analysed in the report that is on track to reach its 2030 target is electric vehicles’ share of passenger car sales. (Photo: Taehoon Kim/Bloomberg)

Data released two weeks before COP28 exposes woeful lack of progress in reducing fossil fuel financing, preserving forests and encouraging effective carbon pricing

Global government efforts to end fossil fuel financing, protect forests and expand carbon pricing mechanisms are falling short and registered “the most significant setbacks to progress in a single year, relative to recent trends”, according to the “State of climate action 2023” report.

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