In the next three to five years, the JETP will provide at least $15.5 billion - half from donor governments and half from commercial banks - to speed up Vietnam's transition away from coal towards clean energy like solar and wind, and create jobs. Murton said this week that the deal represented a "really substantive set of changes" in energy policy that would help Vietnam move on a "much-improved climate trajectory" towards its goal of net-zero emissions by 2050, and encourage investment.
Australia has spent nearly a decade in the wilderness of climate diplomacy. Now Chris Bowen has been called to co-chair crucial climate financial negotiations.
Almost a year after the deal was first announced at COP26 in Scotland, the details of the investment plan underpinning the $8.5-billion multilateral climate finance package to accelerate South Africa’s decarbonisation will be announced in Egypt. This is the story of the genesis of that deal and.
War in Ukraine will in the longer term accelerate Europe's shift to renewable energy from fossil fuel, Britain's climate envoy said on Thursday, even as it prompts nations to burn more coal over the coming months to offset reduced Russian gas supplies. UK Climate Envoy John Murton was addressing journalists in South Africa, alongside delegates from the United States and European Union countries France and Germany.