Discover and read the best of Twitter Threads about #fossilfuelsubsidies

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Many, many experts already discussing the success or failure of #COP26, but on mitigation I must say that the overall progress since mid-2015 has been far beyond my expectations six years ago: bit.ly/CAT_Global2021 (1/n)
First of all, back in 2015 I (either too pessimistic on UNFCCC negotiations or just not a visionary…) didn’t believe that ‘1.5°C’ could at all make it to the #ParisAgreement, which is now even more firmly cemented in the Glasgow Climate Pact (2/n)
Most major emitters now pledged long-term #netzero – even India by 2070 (only 20 years after EU, JPN and USA!) However hollow these pledges may be at this moment, I consider them to be sth like ‘substantive ratification’ of the #ParisAgreement. (3/n)
Read 12 tweets
1/6 Nobel laureate @JosephEStiglitz: Multinational companies will increasingly file massive cases against host countries when #ClimateChange policies affect their profits. #ISDS reform is needed to stop companies fighting climate rules. @SebastienMalo news.trust.org/item/201905290…
2/6 #ISDS cases can "instill fear of environmental regulations, #ClimateChange regulations because you know that it's going to be costly" for governments, @JosephEStiglitz said. "It's litigation terrorism." @IISD_ELP
3/6 @JosephEStiglitz: #UNCITRAL #ISDS reform process is a rare opportunity to end "pernicious litigation.” I’d add: the @Energy_Charter, which gives carbon-intensive energy investors access to #ISDS, must be aligned with the low-carbon transition. @ogeltdm transnational-dispute-management.com/article.asp?ke…
Read 7 tweets

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