ECO noticed that a small but potentially mighty paragraph that would scale back international public financial support for high-carbon fossil fuels has taken a beating. Prior to being discussed behind closed doors yesterday, Article 6, paragraph 7 aimed to ensure international public finance was not used to fuel (pun intended) the very problem this entire agreement is trying to solve: the climate crisis. In the new text just released, it is clear that what is now Article 6, paragraph 4, option 3, fell victim to Parties pandering to the interests of big oil, coal and gas. This text is not … Continue reading A Fashionable Trend