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11 December 2023

Cop: 'Tactical blockades' must be cleared to reach deal

The head of the UN's climate body has called on countries to clear "tactical blockades" to reach a meaningful deal on tackling climate change at the UN Cop 28 conference in Dubai. A new draft text for a possible agreement will be published shortly, UNFCCC executive secretary Simon Stiell said in Du

11 December 2023

Argentina's new president forecasts tough times

Javier Milei took over as Argentina's new president on Sunday, telling the country that things will be tough while his government works on fixing the broken economy. "No government has received a worse legacy," he told supporters outside the country's congress. He listed ills that he said would tak

11 December 2023

Oman's OQ invests $88mn in local polymer industry

Omani state-controlled petrochemical producer OQ has signed nine agreements worth $88mn with various downstream companies to establish polymer projects in its upcoming Ladayn Polymer Park (LPP) located in Sohar Industrial City. These agreements were signed in line with Oman's Vision 2040, which aim

11 December 2023

BHP faces strike threat at Australian coking coal mines

Safety operators are threatening to strike at Australian resources firm BHP's coking coal mines in Queensland, while train drivers at its iron ore operations in Western Australia (WA) are holding off on their proposed industrial action. Around 70-80 open cut overseers (OCOs) at the five BHP Mitsubi

10 December 2023

Cop: Senators insist US is steadfast on climate action

The US will not change course on its landmark commitment to clean energy under legislation last year that funneled billions of dollars to the sector, senators with a bipartisan delegation reassured negotiators at the UN Cop 28 climate conference in Dubai. US lawmakers last year passed the Inflation

10 December 2023

Cop: Germany pledges €60mn for climate adaptation

Germany has pledged €60mn ($65mn) to the UN-convened Adaptation Fund, which supports climate resilience projects in developing countries, committing €30mn each from its foreign and environment ministries at the UN Cop 28 climate conference in Dubai today. The pledge comes on top of the €100mn Germa

10 December 2023

Cop: Bangladesh backs fossil fuel phase out

Bangladesh wants to see a phase out of fossil fuels, "but there has to be a differentiation between developed countries and developing countries", Saber Hossain Chowdhury, the country's climate envoy said today. "If we want 1.5°C… then we have to take a decision on fossil fuels", Chowdhury told del

10 December 2023

Cop: EU CBAM could move US climate policy 'logjam'

The introduction of the EU's carbon border adjustment mechanism (CBAM) could facilitate progress on US climate policy, Rhode Island senator Sheldon Whitehouse told delegates at the UN Cop 28 climate conference in Dubai this week. "The US has a logjam because of the death grip of the fossil fuel ind

10 December 2023

Q&A: Cop 28 presidency confident on energy, adaptation

Cop 28 director-general Majid al-Suwaidi told Argus that he is confident n egotiators will find common ground and agree on a "positive outcome" on energy and adaptation in the global stocktake — a five-yearly undertaking to measure global progress against Paris Agreement goals . The text below has

10 December 2023

Cop: Azerbaijan to host next year’s Cop 29 summit

Azerbaijan confirmed today that it will host the Cop 29 UN climate summit, set for 11-22 November 2024. There is "overall consensus on the candidacy of Azerbaijan to host Cop 29," a statement from the country said today. The host country of the annual Cop climate summits rotates between the five UN

10 December 2023

Cop: Cop 28 director-general optimistic on stocktake

Cop 28 director-general Majid al-Suwaidi today told Argus that the Cop 28 UN climate conference's goal should be "keeping global temperature under 1.5°C" and "tackling emissions", as negotiations enter their last stretch with fossil fuel drawing much of the focus. Countries are in the final days of

10 December 2023

Cop: Brazil sees agriculture finance as sticking point

Final negotiations for agreeing to global emissions-reductions goals at the Cop 28 UN climate conference should focus more on the funds that developing countries need to adapt their agricultural systems, Brazil's environment minister Marina Silva said today. "Hard work is needed on the adaptation t

10 December 2023

Venezuela, Guyana leaders to meet on land dispute

Guyana's president Irfaan Ali and Venezuela's president Nicolas Maduro will meet on 14 December as tensions increase over Caracas' claim to Guyana's resource-rich Essequibo province, Guyana's government said. Ali and Maduro will meet in St Vincent where they will be joined by Brazil's president Lui

09 December 2023

Cop: Fossil fuel subsidy phase-out coalition forms

The Netherlands and 11 other countries committed to phasing out their fossil fuel subsidies in a coalition launched at the UN Cop 28 climate conference in Dubai today. Austria, Belgium, Ireland, Spain, Finland, France, Denmark, Luxembourg, Antigua and Barbuda, Canada and Costa Rica joined the Nethe

09 December 2023

Cop: Opec reiterates views on all-energies approach

Opec again pressed at the Cop 28 UN climate conference today for an all-energies approach to meet rising energy demand and ensure secure and affordable energy, as discussions on whether to commit to phase out fossil fuels take centre-stage at the summit . The group has long said that oil will play

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