The push to phase out fossil fuels is gaining momentum at the COP26 climate summit.
At least 20 countries have agreed to end financing for fossil fuel projects abroad, a UK official told CNN, in a deal expected to be announced Thursday.Another source close to the COP26 climate summit negotiations said that the US was party to the agreement. Officials at the US State Department did not respond to CNN to confirm the country's involvement.
In October, the UN Environment Programme's annual"production gap" report found 15 major fossil fuel-generating countries will produce roughly 110% more coal, oil, and gas in 2030 than what would be necessary to limit warming to 1.5 degrees Celsius above pre-industrial levels — and 45% more than what would be consistent with 2 degrees.Nigeria is oil rich and energy poor.
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