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Fossil fuels in Cop 30 action agenda spotlight

  • Market: Emissions, Oil products
  • 14/10/25

Transitioning away from fossil fuels is the goal in the UN Cop 30 climate summit's action agenda that has received the most initiatives from governments, companies and civil society, the action agenda's coordinator Bruna Cerqueira said.

That specific action agenda goal has received around 60 initiatives, all with different perspectives and focuses, Cerqueira said on 14 October during pre-Cop in Brazil's capital of Brasilia.

The action agenda looks to mobilize voluntary climate action from civil society, businesses, investors and governments to intensify emission reductions, climate adaptation and the transition to sustainable economies, as set out in the Paris Agreement. Cop 30's action agenda is six-pronged and lays out 30 objectives, including the transition away from fossil fuels.

Brazil has made it clear that it is looking to increase crude production, which climate activists say is contradictory to the phase out of fossil fuels. But that does not interfere with the action agenda, Cerqueira told Argus. "Brazil is involved in some of these initiatives and [state-controlled] Petrobras is part of the group of oil companies that committed back in Cop 28 to advance [on this topic]," she said.

Besides, country goals and the action agenda "move separately", she added.

Brazil produced almost 4mn b/d of oil in July-August, data from hydrocarbon regulator ANP show. The country is seeking to raise that to 5mn b/d by 2030, energy research firm EPE says.

"The action agenda is not a space where we expect everyone to agree," Cerqueira said. But the group has allowed all sides to present their positions, receiving suggestions on an array of topics. Cerqueira specifically mentioned areas such as sustainable fuels and methane.

The topic of phasing out fossil fuels has come up during pre-Cop, said entrepreneur Dan Ioschpe, the Cop 30 high-level champion. "We are about to watch a presentation by [the International Renewable Energy Agency] Irena that will have data showing an important increase in renewable and sustainable energies, which ties into the phase-out," he said.

Also during pre-Cop, Brazil announced that Italy, Japan and India have endorsed its proposal to quadruple global output and use of sustainable fuels by 2035.

There are also some "interesting topics" regarding the phase-out of fossil fuels in hard-to-abate sectors such as aviation and maritime travel, Ioschpe added.


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18/11/25

Cop: 80 nations back roadmap on shift from fossil fuels

Cop: 80 nations back roadmap on shift from fossil fuels

Belem, 18 November (Argus) — Around 80 countries are asking the UN Cop 30 climate summit's Brazilian presidency to put a roadmap to transition away from fossil fuels on the negotiating table, after an initial draft text released today included only "weak" mentions. The current reference to the roadmap in the text is "weak" and only presented as an option in the main text released today , climate envoy for the Marshall Islands Tina Stege said, speaking for negotiating bloc the alliance of small island states (Aosis). Developing and developed nations as well as island states are supporting the call. The text follows consultations on four topics sitting outside the official conference agenda and sets out options — with various degrees of strength — on the phase-out of fossil fuels and climate finance, including options for no text at all. UK climate envoy Rachel Kyte said that the objective of a meeting today is to make clear to the Brazilian presidency that this coalition of countries is not going to go home without clarity about a roadmap on implementing the outcome from Cop 28 in 2023. Parties at Cop 28 agreed to a call "to transition away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science". German environment minister Carsten Schneider called on other countries to join the coalition. "We want a [Cop 30] outcome that addresses the transition away from fossil fuels in a just and inclusive way," he said, adding that so do "most of [his] European friends", without naming specific countries. "We are saying with one voice that this is an issue that cannot be ignored, cannot be swept under the carpet, and this is where the momentum is", the UK's energy minister Ed Miliband said. He called for the roadmap to be at "the heart of Cop 30". Supporting the call should "also emphasise the importance of providing access to energy for those who don't have it", Kenya's special envoy for climate change Ali Mohamed said. The issue is also economical, Sierra Leone's environment minister Jiwoh Abdulai said. "The cost of adaptation is increasing much faster than we can afford. Insurance markets are going to collapse, even in the developed countries, because insurance companies are not going to want to underwrite a lot of these risks", he said. It is in all countries' interest, including those with economies dependent on fossil fuels, to strengthen co-operation to transition away from fossil fuels, Sweden's lead negotiator Matthias Frumerie said. Individual countries' roadmaps should include the phase out of fossil fuel subsidies, Colombia's environment minister Irene Velez-Torres. Allocating some of these subsidies to the roadmap against deforestation would be a major step, she added. Colombia was an early champion of a roadmap to phase out fossil fuels. Another key issue is figuring out how to replace extractive economies in producing countries and financing, she said. Colombia is calling for the language in the text to be more definite. "What we have so far is that draft that has room for improvement, but it can end up like an onion: you peel back the layers and in the end you find nothing," Velez-Torres said. One negotiator suggested that the text released by the presidency was weighted and that calls for a roadmap were ignored. By Lucas Parolin and Caroline Varin Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Cop: Climate Club eyes green steel, cement targets


18/11/25
News
18/11/25

Cop: Climate Club eyes green steel, cement targets

Berlin, 18 November (Argus) — Members of the Germany-initiated Climate Club plan to set production targets for green steel and cement by the next UN climate conference Cop 31, Germany's environment minister Carsten Schneider said at this year's Cop 30 in Belem, Brazil, today. Club members agreed in Belem on a global pledge to grow near-zero and low-emissions steel and cement markets, aiming to increase the global market share of green steel through national policies and international co-operation. This could "potentially" lead to setting a quantitative target for both green steel and cement by Cop 31, Schneider said at a Cop 30 side event in Belem. Schneider called this a "good example of how the Climate Club advances lead markets and strengthens the business case for climate friendly production". Cop 31 is scheduled to take place in late 2026, though a location has not yet been decided. The club today also presented a joint statement and roadmap on international assistance and partnerships for green industry transition. Work under the roadmap will focus on areas such as mobilising investments, driving demand for green products, enhancing transparency through carbon accounting, and developing and scaling aligned or harmonised green standards and definitions. The joint statement has so far been endorsed by Australia, Brazil, Canada, Germany, Indonesia, Kazakhstan, Kenya, Sweden and the UK, as well as by organisations including the African Development Bank, international non-profit programme the Industrial Transition Accelerator, the World Bank-backed Climate Investment Funds (CIF), the Green Climate Fund, and the International Renewable Energy Agency. Germany, the UK and the CIF jointly pledged $1.3bn at Cop 29 last year in climate finance for developing low-carbon production processes and green lead markets in developing and emerging countries. CIF chief executive Tariye Gbadegesin said at the side event today that the first seven partner countries, which include Brazil, Mexico and Turkey, may receive up to $250mn of concessional capital, to "unlock additional funding" which could be ten times higher. Green industrial products could be worth over $1 trillion by 2030, Gbadegesin said. Schneider also announced today that Germany, the UK and platform the Global Industry Hub will inject €30mn into a new "industry decarbonisation hubs accelerator", which will be facilitated by the UN's Industrial Development Organisation (Unido) to advance industrial decarbonisation projects in emerging economies. This will allow targeted funding and make decarbonisation projects "bankable", Schneider said. Schneider pointed out the "unique" nature of the Climate Club, in which developed and developing countries collaborate on finding solutions. Most industrial investments will in future be made in the so-called global south, Schneider said, and the Climate Club over the past year was able to support nine countries through its global matchmaking platform, which is run by Unido. The Climate Club now has 47 member states, with Mexico joining today. Schneider welcomed the addition of another "important country", which he said will "strengthen our joint efforts to achieve green industrialisation". The Climate Club in September launched "voluntary principles" for its member countries to address carbon leakage, the phenomenon whereby emissions sources are relocated rather than cut, stressing the need for greater transparency on emissions reporting, and for accepting that countries will pursue different climate policies. By Chloe Jardine Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Cop: Presidency tackles key issues in first draft text


18/11/25
News
18/11/25

Cop: Presidency tackles key issues in first draft text

Belem, 18 November (Argus) — The Brazilian presidency of the UN Cop 30 summit has released a first draft text focused on the controversial issues that were left out of the conference's main agenda. The text represents a significant step forward in negotiations, but multiple options are offered for the main sticking points, suggesting that consensus is still lacking. The issues tackled include climate finance from developed to developing nations, unilateral trade measures, and moving away from fossil fuels. The presidency released a package of texts today, aiming to reach conclusion on several elements tomorrow. It included the first presidency draft text, following discussions on unilateral trade measures, climate finance, responses to countries' climate plans and emissions reporting — the four topics sitting outside the official conference agenda. The text sets out options — with various degrees of strength — on fossil fuels and climate finance, including options for no text at all. A menu of multiple options is normal at this stage of the talks. It is now up to delegations to find compromise, with another round of consultations scheduled today. One paragraph mentions the sharing of "domestic opportunities and success stories on the just, orderly and equitable transition towards low carbon solutions". There is also an option recalling the central paragraph of the global stocktake agreed in Dubai , which called for a move away from fossil fuels. This option suggests "convening" a high-level ministerial round table on different pathways and approaches "with a view to supporting countries to developed just, orderly and equitable transition roadmaps, including to progressively overcome their dependency on fossil fuels and towards halting and reversing deforestation". The option echoes previous calls for a roadmap to transition away from fossil fuels, made in the early days of Cop 30. The text also touches on a potential response to the latest round of countries' climate plans, and their alignment with the Paris Agreement. One option calls on countries to accelerate action on the Dubai call, which is reiterated in full in the text. Others mention a "Global Implementation Accelerator" report and a "Belem Roadmap to 1.5[°C]". The latter refers to the Paris Agreement's most ambitious goal of holding the global rise in temperature to 1.5°C above pre-industrial levels, and appears a softer option than a specific roadmap on moving away from fossil fuels. The texts are a "credible package capable of delivering meaningful Cop 30 outcomes" and represent "a substantial starting point", associate director at energy think-tank E3G Kaysie Brown said. A key sticking point in negotiations overall could be on finance for adaptation — adjusting to climate change where possible — according to director of international climate action at non-profit WRI David Waskow. Developing countries are calling for adaptation finance provided by developed nations to reach $120bn/yr by 2030 — up from a goal of $40bn this year. The draft text's elements on unilateral trade measures are "positive", as they invite more consideration, Waskow said. Developed countries seem opposed to going beyond the climate finance deal struck at Cop 29 , but are mostly supportive of language on shifting away from fossil fuels, global policy lead at civil society organisation Oil Change International Romain Ioualalen said. "Parties eyeing an outcome on fossil fuels will not succeed if they don't send strong signals on finance, adaptation, and the just transition", he said. By Caroline Varin and Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Thai aviation authority, airlines to collaborate on SAF


18/11/25
News
18/11/25

Thai aviation authority, airlines to collaborate on SAF

Singapore, 18 November (Argus) — The Civil Aviation Authority of Thailand (CAAT) and eight Thai airlines have signed a memorandum of understanding (MoU) on 17 November to promote sustainable aviation fuel (SAF) use in the country. The airlines are Thai Airways, Bangkok Airways, K-Mile Air, Nok Air, Thai AirAsia, Thai AirAsia X, Thai Lion Air, and Thai Vietjet Air. The Thai energy ministry's Department of Alternative Energy Development and Efficiency (Dede) has set a target of minimum 1pc SAF use by 2026, to rise to 1-2pc over 2027-29, 3-5pc over 2030-32, and 5-8pc over 2033-37. These targets are still in place, Dede confirmed to Argus today. Airlines can decide whether to supply SAF to domestic and/or international flights. SAF produced via the hydrotreated esters and fatty acids (HEFA) pathway will likely fulfil targets over 2026-29, while a mix of HEFA SAF and SAF produced via the alcohol-to-jet pathway is expected to fulfil targets from 2030 onwards, Dede added. The MoU signing also emphasised the Thai aviation sector's commitment to supporting key measures from the International Civil Aviation Organization (ICAO), including the Carbon Offsetting and Reduction Scheme for International Aviation (Corsia), which Thailand participates in. The MoU will support ICAO's long-term global aspirational goal of achieving net-zero carbon emissions in international aviation by 2050. But CAAT recognises the challenges posed by high SAF prices, and is considering a "voluntary cost-segregation approach for international routes", expected to begin in 2026. More details were not provided, but the approach will demonstrate costs associated with reducing and offsetting carbon emissions in the country's aviation sector. CAAT will also "monitor transparency and ensure compliance with international regulations", it said. The MoU signing was also witnessed by other agencies including Dede, the Department of Energy Business, Office of Transport and Traffic Policy and Planning, Airports of Thailand, and Bangkok Aviation Fuel Services. Thai refiner PTT and SAF producer Bangchak were also present. By Sarah Giam Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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US holiday travel could stretch thin gasoline stocks


17/11/25
News
17/11/25

US holiday travel could stretch thin gasoline stocks

Houston, 17 November (Argus) — A surge in travel for the US Thanksgiving holiday could increase driving demand and stretch already-thin gasoline stockpiles in the country. US gasoline prices may increase in the coming weeks as holiday travel spikes demand while national inventories hover at a 10-year low. 81.8mn travelers are estimated to be traveling at least 50 miles from their homes between 25 November and 1 December, according to data released by automobile association AAA on Monday. That would be an increase of 2.1pc on the year. The partial shutdown of the US federal government, which went on for 44 days from 1 October to 12 November, could shift more travel to cars as opposed to flights because of an increase in flight cancellations. This results in higher demand, which has recently lagged last year's levels. US Gulf coast Colonial pipeline CBOB prices have averaged $1.87/USG, marking an 11¢/USG decrease from the average a year prior. Chicago's West Shore/Badger CBOB prices have also been trending lower averaging $1.88/USG during the same period, a 1¢/USG decline. US Atlantic coast RBOB was the sole area to post increases at $2.09/USG, up by 6¢/USG from the average a year earlier. Most of those travelers will be driving with 89pc expected to travel by car, according to AAA. The AAA forecast would put an additional 1.3mn drivers on the road compared to last Thanksgiving, which would mark a 1.8pc increase on the year. Flights also had an increase with 6mn passengers expected to fly domestically, marking a 2pc rise from 2024. The number of flights could shrink due to the amount of cancellations that have occurred as of late, according to AAA. US gasoline stockpiles have been particularly thin this year with the most recent data from the US Energy Information Administration (EIA) showing total gasoline stockpiles at 205.1mn bl in the week ended 7 November, the lowest level since the week ended 14 November in 2014. Stockpiles fell by 0.9pc on the year. Some regions may be particularly impacted, with US midcontinent gasoline in the week ended 31 October falling to its lowest level on record . The four-week average of US gasoline finished gasoline product supplied, a proxy for demand, was 8.82mn bl, down by 6pc on the year according to EIA data. US flight cancellations remained high, but have eased since the reopening of the government. National flight cancellations — caused largely by a shortage of air traffic controllers — on 12 and 13 November still hovered near 1,000 but marked roughly a 50pc decrease compared to average cancellations since restrictions went into place on 7 November, according to data from flight-tracking service FlightAware. By Zach Appel Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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