News About Global Energy Industry
November 19, 2024
'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. The scientists, who developed the original science behind net zero, issued their warning in a new study as nations gathered in Azerbaijan for the latest round of UN climate talks. The world's oceans, forests and soil absorb planet-heating carbon dioxide from the atmosphere ... read more
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
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
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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. ... 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
Nations far apart in COP29 climate finance talks
Baku (AFP) Nov 13, 2024
A fresh draft of a UN climate deal released Wednesday offers wide-ranging options to raise funding for poorer countries, signalling that tough negotiations remain at the COP29 talks in Baku. ... more
Bangladesh's Yunus seethes over climate cash fight; I.Coast to create $500 mn
Baku (AFP) Nov 13, 2024
In the three months since becoming Bangladesh's interim leader following a student-led revolution, Muhammad Yunus has endured political turmoil, impatient cries for elections, and destructive flooding across the low-lying nation. ... more
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World leaders meet for climate talks, but big names missing
Baku (AFP) Nov 12, 2024
Dozens of world leaders arrived in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate talks where the impact of Donald Trump's election victory is keenly felt. ... more
Climate 'financing gap' is widening: ECB chief
Frankfurt, Germany (AFP) Nov 12, 2024
European Central Bank President Christine Lagarde warned Tuesday of a widening gap between the amount of funding necessary to adapt to the climate crisis and what has so far been pledged. ... more
The refrigerator as an indicator of societal progress
Berlin, Germany (SPX) Nov 11, 2024
To gauge a country's development accurately, it's essential to consider the items found in homes, argue economists Rutger Schilpzand and Jeroen Smits from Radboud University. While research on low- ... more
Preparing Taiwan for a decarbonized economy
Boston MA (SPX) Nov 09, 2024
The operations of Taiwan's electronics, manufacturing, and financial firms vary widely, but their leaders all have at least one thing in common: They recognize the role that a changing energy landsc ... more
China passes energy law to 'promote carbon neutrality'
Beijing (AFP) Nov 8, 2024
China on Friday passed a new energy law to promote carbon neutrality, state media reported, as Beijing moves ahead with its pledge to decarbonise its economy by 2060. ... more
Brazil raises target for cutting greenhouse gas emissions

Sao Paulo (AFP) Nov 9, 2024
Brazil plans to cut greenhouse gas emissions more dramatically than had been planned, the government of Luiz Inacio Lula da Silva has announced. Instead of the earlier target of reducing emissions by 59 percent from 2005 levels by 2035, it will aim for a 67 percent reduction, the left-leaning government said Friday. The shift is intended to align Brazil's emissions goal - called its "Nationally Determined Contribution," or NDC - with the terms of the Paris Accord of 2016, said an official not ... read more
France, Barbados, Kenya urge global levies to tackle climate change
Paris (AFP) Nov 8, 2024
The leaders of France, Barbados and Kenya on Friday urged more worldwide tax on carbon dioxide emissions in areas such as global shipping to help developing countries battle climate change. ... more

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Power partly restored in Cuba after Hurricane Rafael
Havana (AFP) Nov 7, 2024
Power was restored to parts of Cuba on Thursday a day after Hurricane Rafael swept over the island, leaving its 10 million inhabitants without electricity for the second time in a month. ... more
Trump's climate denial and green rollbacks poised to fuel warming
Washington (AFP) Nov 6, 2024
Donald Trump's election victory puts a climate change denier back in the White House, poised to dismantle his predecessor's green policies and jeopardize global efforts to curb human-caused warming. ... more
Climate finance billions at stake at COP29
Paris (AFP) Nov 4, 2024
Rich nations will be under pressure at this month's UN COP29 conference to substantially increase the amount of money they give to poorer countries for climate action. ... more
China hopes for 'consistency' in US climate policy
Beijing (AFP) Nov 1, 2024
Beijing hopes the US will maintain "consistency" in its climate policy and continue bilateral cooperation regardless of next week's election result, a Chinese official said Friday. ... more
EU greenhouse gas emissions saw 'huge' drop in 2023
Brussels, Belgium (AFP) Oct 31, 2024
Greenhouse gas emissions in the EU fell by eight percent in 2023 - among the biggest drops in decades - new data showed Thursday, though the bloc remains in a race against time to meet its ambitious climate goals. ... more
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