News About Global Energy Industry
December 22, 2024
'Dark lull' in German energy transition sparks political debate

Frankfurt, Germany (AFP) Dec 20, 2024
As Germany heads for February 23 elections the grey winter weather has become a hot campaign topic because of its impact on the country's shaky green energy transition. Twice in recent months electricity prices temporarily spiked in Europe's top economy because of a lack of both sunlight and wind to power its solar panels and turbines. The phenomenon - dubbed a "dark lull" - briefly sent the price soaring to 936 euros ($972) per megawatt hour on December 12, twelve times the average for the pr ... read more
Iran extends school closures in Tehran amid fuel shortages
Tehran (AFP) Dec 16, 2024
Schools and public buildings in the Iranian capital will remain closed for a third day on Tuesday, state television reported, as several power plants were shut down amid fuel shortages. ... more
Russia says 'massive' strike on Ukraine a response to Kyiv's ATACMS use
Moscow (AFP) Dec 13, 2024
Russia said Friday that it had launched a massive missile attack on Ukraine's energy network as a response to Kyiv firing US-supplied ATACMS at an airfield in southern Russia this week. ... more
Earning money while supporting power grid stability
Berlin, Germany (SPX) Dec 03, 2024
Consumers now have an opportunity to play a pivotal role in enhancing power grid flexibility while also reaping financial rewards. In her doctoral dissertation at the University of Vaasa, Finland, H ... more
Brazil trumpets emission cut plans at UN top court
The Hague (AFP) Dec 3, 2024
Brazil's planned greenhouse gas emissions cuts are more ambitious than the programmes of countries that have historically pumped out more harmful gases, its climate change envoy told the top UN court on Tuesday. ... more
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Ukraine says energy sector 'under massive enemy attack'
Kyiv, Ukraine (AFP) Nov 28, 2024
Ukraine's power infrastructure was "under massive enemy attack" on Thursday, the energy minister said, after a countrywide air raid alert was declared due to incoming missiles. ... more
Contentious COP29 deal casts doubt over climate plans
Paris (AFP) Nov 28, 2024
A bitterly-fought climate finance deal reached at COP29 risks weakening emissions-cutting plans from developing countries, observers say, further raising the stakes for new national commitments due early next year. ... more
Biden praises COP29 deal, vows US action despite Trump
Washington (AFP) Nov 24, 2024
US President Joe Biden praised the COP29 deal Saturday as a "significant step" to fighting global warming, and pledged continued action by America despite his incoming successor Donald Trump's climate skepticism. ... more
Climate finance's 'new era' shows new political realities
Baku (AFP) Nov 24, 2024
Rich countries' promise of $300 billion a year in climate finance brought fury at talks in Baku from poor nations that found it too paltry, but it also shows a shift in global political realities. ... more
Developing nations slam 'paltry' $300 bn climate deal
Baku (AFP) Nov 24, 2024
The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low. ... more
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Developing nations slam 'paltry' $300 bn climate deal
Baku (AFP) Nov 24, 2024
The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low. ... more
World reaches $300 bn climate finance deal at COP29
Baku (AFP) Nov 23, 2024
The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low. ... more
New proposal awaited in Baku on climate finance deal
Baku (AFP) Nov 21, 2024
Host Azerbaijan was set Friday to put forward a new proposal for a potentially major deal on climate financing, hoping to bridge gaps between rich and developing countries on the official last day of the COP29 talks. ... more
Rich nations pressed to put money on table at UN climate talks
Baku (AFP) Nov 20, 2024
Pressure mounted on wealthy nations Wednesday to put a figure on the table as time runs out at COP29 to strike a deal on climate assistance for poorer countries. ... more
COP29 success requires G20 'leadership': UN chief
Rio De Janeiro (AFP) Nov 17, 2024
UN Secretary-General Antonio Guterres on Sunday called on G20 leaders gathering in Rio de Janeiro to rescue stalled concurrent UN climate talks in Azerbaijan by showing "leadership" on cutting emissions. ... more
Hopes set on G20 spurring deadlocked UN climate talks

Baku (AFP) Nov 18, 2024
Nations return to deadlocked UN climate talks Monday, with hopes that G20 leaders meeting on the other side of the world can rally support behind a deal for poorer countries. Halfway through two weeks of bargaining in a cavernous stadium in Azerbaijan, diplomats are no closer to an agreement that will define the success or failure of COP29. Government ministers taking over the negotiations in Baku have until Friday to break the impasse over how to provide the developing world with the money it n ... read more
'Vague' net zero rules threaten climate targets, scientists warn
Paris (AFP) Nov 18, 2024
Countries must not count the carbon dioxide naturally sucked up by Earth's forests in their net zero climate plans, scientists said on Monday, warning that "vague" rules could end up with the world warming more than expected. ... more

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US says its climate financing reached $11 bn this year
Manaus, Brazil (AFP) Nov 17, 2024
President Joe Biden is using a historic trip to the Amazon on Sunday to highlight that US bilateral climate financing increased to $11 billion this year, meeting a pledge he made. ... more
Climate finance can be hard sell, says aide to banks and PMs
Baku (AFP) Nov 17, 2024
Trillions of dollars are needed to make poorer nations more resilient to climate change, and studies have estimated that every $1 invested today will save at least $4 in future. ... more
Trump picks Doug Burgum as energy czar in new administration
Washington (AFP) Nov 15, 2024
US President-elect Donald Trump announced Friday that North Dakota Governor Doug Burgum will head a new energy council - on top of serving as his Secretary of the Interior. ... more
Climate finance: who is being asked to pay what at COP29?
Baku (AFP) Nov 14, 2024
"You owe us!" screamed a protest banner at the COP29 summit in Azerbaijan, where negotiations over how much rich nations most responsible for climate change should pay poorer ones are getting heated. ... more
Tax crypto and plastic to pay for climate, development, leaders urge
Baku (AFP) Nov 14, 2024
Plastics and cryptocurrencies could be taxed like flying and fossil fuels to plug the gap in climate finance and help developing countries, according to a task force led by France, Kenya and Barbados. ... more
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