Whispers echo around Le Bourget about a group of countries trying to phase out ambition in the finance text. Yes, you read it here first. As ECO was beginning to believe countries had finally caught on to the importance of phasing out financial support for dirty fossil fuels, we’re hit with an unpleasant surprise. The key text for phasing out international support for dirty energy (which Parties call high emissions investments) has just come under fire by some countries, including Saudi Arabia and Argentina. Esteemed delegates, ECO is as shocked as you are. With the urgency of the climate crisis, … Continue reading Phasing Out Ambition?