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US exits UN climate change bodies, climate fund: Update
US exits UN climate change bodies, climate fund: Update
Adds GCF exit details, UNFCCC comment London, 8 January (Argus) — The US has withdrawn from 66 organisations, many focused on environmental and climate topics, including UN bodies the UN Framework Convention on Climate Change (UNFCCC) and the Intergovernmental Panel on Climate Change (IPCC). The US has also left the UN Green Climate Fund (GCF) — the world's biggest climate fund — and will relinquish its seat on the fund's board, it said today. The administration in February 2025 cancelled about $4bn in pledged GCF funding. "Our nation will no longer fund radical organizations like the GCF whose goals run contrary to the fact that affordable, reliable energy is fundamental to economic growth and poverty reduction", US treasury secretary Scott Bessent said. The UNFCCC now has 198 parties. It was established in 1992, and is the overarching global framework for climate action, encompassing the annual Cop climate summits and the 2015 Paris climate agreement. The latter has 194 signatories, after President Donald Trump pulled the US out in January 2025 . Given the scale of UNFCCC membership, events such as Cops offer a rare opportunity for almost-total multilateralism. The IPCC, which was established in 1988, counts 194 countries as members. It assesses science related to climate change. Its reports collate best-available science and research and are viewed as the primary authority on climate change science. The US is also leaving other UN bodies and non-governmental organisations (NGOs) including the International Renewable Energy Agency, the International Solar Alliance, and energy producer-consumer dialogue group the International Energy Forum. "Many international organizations now serve a globalist project rooted in the discredited fantasy of the 'End of History', the White House said. "These organizations actively seek to constrain American sovereignty. "We will not continue expending resources, diplomatic capital, and the legitimizing weight of our participation in institutions that are irrelevant to or in conflict with our interests", it said. The US did not attend Cop 30 in November, although several US governors and regional leaders did . The US decision to leave the UNFCCC "is a strategic blunder that gives away American advantage for nothing in return," non-profit WRI's director of the US segment David Widawsky said. "Walking away doesn't just put America on the sidelines — it takes the US out of the arena entirely. American communities and businesses will lose economic ground as other countries capture the jobs, wealth, and trade created by the booming clean-energy economy." California governor Gavin Newsom (Democrat) made a similar point at Cop 30, noting China's power in clean energy and electric vehicle markets. Trump "simply doesn't understand how enthusiastic President Xi [Jinping] is today that the Trump administration is nowhere to be found at Cop 30", Newsom said. "This latest step back from global leadership, climate co-operation and science can only harm the US economy, jobs and living standards, as wildfires, floods, mega-storms and droughts get rapidly worse. It is a colossal own goal which will leave the US less secure and less prosperous", UNFCCC executive secretary Simon Stiell said today. "It will mean less affordable energy, food, transport and insurance for American households and businesses, as renewables keep getting cheaper than fossil fuels, as climate-driven disasters hit American crops, businesses and infrastructure harder each year, and as oil, coal and gas volatility drives more conflicts, regional instability and forced migration", Stiell added. The US decision is "regrettable and unfortunate", EU climate commissioner Wopke Hoekstra said. He reiterated the bloc's commitment to climate research, co-operation and action — which it pledged, along with China when the US left the Paris accord in January 2025. Bloomberg Philanthropies in January 2025 said it and other US bodies would ensure the US met funding and reporting obligations to the UNFCCC. This is not the international climate finance often discussed at UNFCCC talks, but funding that helps the climate body operate and host events such as Cops. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US exits UN climate change bodies, multiple NGOs
US exits UN climate change bodies, multiple NGOs
London, 8 January (Argus) — The US has withdrawn from 66 organisations, many focused on environmental and climate topics, including UN bodies the UN Framework Convention on Climate Change (UNFCCC) and the Intergovernmental Panel on Climate Change (IPCC). The UNFCCC now has 198 parties. It was established in 1992, and is the overarching global framework for climate action, encompassing the annual Cop climate summits and the 2015 Paris climate agreement. The latter has 194 signatories, after President Donald Trump pulled the US out in January 2025 . Given the scale of UNFCCC membership, events such as Cops offer a rare opportunity for almost-total multilateralism. The IPCC, which was established in 1988, counts 194 countries as members. It assesses science related to climate change. Its reports collate best-available science and research and are viewed as the primary authority on climate change science. The US is also leaving other UN bodies and non-governmental organisations (NGOs) including the International Renewable Energy Agency (Irena) and the International Solar Alliance. "Many international organizations now serve a globalist project rooted in the discredited fantasy of the 'End of History', the White House said "These organizations actively seek to constrain American sovereignty. "We will not continue expending resources, diplomatic capital, and the legitimizing weight of our participation in institutions that are irrelevant to or in conflict with our interests", it said. The US did not attend Cop 30 in November, although several US governors and regional leaders did . The US decision to leave the UNFCCC "is a strategic blunder that gives away American advantage for nothing in return," said non-profit WRI's director of the US segment David Widawsky. "Walking away doesn't just put America on the sidelines — it takes the US out of the arena entirely. American communities and businesses will lose economic ground as other countries capture the jobs, wealth, and trade created by the booming clean-energy economy." California governor Gavin Newsom (D) made a similar point at Cop 30, noting China's power in clean energy and electric vehicle markets. Trump "simply doesn't understand how enthusiastic President Xi [Jinping] is today that the Trump administration is nowhere to be found at Cop 30", Newsom said. The US decision is "regrettable and unfortunate", said EU climate commissioner Wopke Hoekstra. He reiterated the bloc's commitment to climate research, co-operation and action — which it pledged, along with China when the US left the Paris accord in January 2025. Bloomberg Philanthropies in January 2025 said it and other US bodies would ensure the US met funding and reporting obligations to the UNFCCC. This is not the international climate finance often discussed at UNFCCC talks, but funding that helps the climate body operate and host events such as Cops. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Thailand floats lower 2026 green utility tariff rate
Thailand floats lower 2026 green utility tariff rate
Singapore, 8 January (Argus) — Thailand is proposing a lower green premium for electricity users this year under its utility tariff scheme, after renewable energy certificate prices fell last year. The proposed 2026 premium for the Utility Green Tariff 1 (UGT1) scheme is Bt0.0375/kWh ($1.19/MWh), 37pc lower on the year, according to a consultation paper by the country's Energy Regulatory Commission released on 7 January. UGT1 matches end-users' power consumption with hydropower international renewable energy certificates (I-RECs). The premium is applied on top of corporate customers' power bills. The new figure is derived from an average market price of Thai hydropower I-RECs of Bt0.0286/kWh ($0.91/MWh) in January-November 2025, plus administrative fees. Thai hydro I-REC prices fell from an average of $1.32/MWh in January 2025 to $0.55/MWh in December, while solar and wind certificates dropped from $1.81/MWh to $0.55/MWh over the same period, according to Argus assessments. I-RECs for UGT1 are issued from seven hydropower plants owned by state firm Electricity Generating Authority of Thailand, commissioned between the 1970s-1990s. These facilities have a combined capacity of 1.14GW and generate over 1.3 TWh/yr. Companies such as food firm Nestle and local shopping centre group Siam Piwat subscribed to UGT1 in 2025, but their contracted volume have not been disclosed. A separate UGT2 programme, drawing I-RECs from solar and wind farms, has not yet been launched. Public consultation on the latest UGT1 price revision closes on 19 January 2026. By Liang Lei Thailand 2025-vintage I-RECs price trend, 2025 $/MWh Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US E15 talks continue as funding crunch looms
US E15 talks continue as funding crunch looms
New York, 7 January (Argus) — Energy groups are still negotiating legislation to expand access to a higher-ethanol gasoline blend and rein in refiners' ability to skirt biofuel mandates, as a looming funding impasse adds urgency to the talks. Negotiations that include the American Petroleum Institute (API) and the ethanol advocates Growth Energy and the Renewable Fuels Association continue, three people familiar with the talks told Argus . The hope is to reach some compromise on a bill that could revamp retail fuel markets in the US and convince lawmakers to add it to a larger package, potentially legislation to fund the government after 30 January. The powerful oil group withdrew support for a slimmer bill last year that would have allowed year-round sales of gasoline with 15pc ethanol (E15) and is pushing instead for a broader package that would make it harder for small refineries to win hardship exemptions from annual biofuel mandates. President Donald Trump's administration granted dozens of those hardship requests last year and floated making companies without exemptions blend more biofuels to compensate , unnerving oil majors and reshuffling the E15 debate. Smog rules separately limit summertime sales of E15 in most of the country without emergency waivers, which advocates say has deterred retailers from investing in new infrastructure. Most US gasoline is sold as a 10pc ethanol blend. The API and the ethanol groups agree on the general framework of a bill that would authorize E15 year-round and limit future exemptions from biofuel mandates, including by preventing larger refiners that own small units like Delek and Par Pacific from requesting relief. The groups plan to support adding new exemption provisions to existing E15 bill text rather than push lawmakers to scrap that draft, two people familiar with the talks said. But there are still thorny issues to resolve — such as the effective date for any changes — and some provisions risk riling energy and farm interests otherwise on board with reining in exemptions. Adding to, rather than replacing, the current E15 bill would, for instance, keep a provision effectively compensating some small refineries for past biofuel mandates. That draft would return compliance credits to certain refiners and — unlike current rules where credits expire — allow their use in future years. Even small facilities can spend tens of millions of dollars each year buying enough credits to comply with the mandates, and returned credits usable indefinitely would be even more valuable. Eligibility is limited to small refineries that retired credits to meet biofuel mandates in 2016, 2017 or 2018 and had hardship petitions outstanding to start December 2022, as well as companies that complied with 2018 quotas and had petitions denied before July 2022. EPA exemption data those years is limited, making it unclear which companies would benefit. Calling on Congress The groups working on revised bill text have another challenge: convincing Congress to act. Growth Energy, the Renewable Fuels Association and dozens of other farm and biofuel groups urged Congress to pass some E15 fix "as soon as possible" in a joint letter to House and Senate leaders on Wednesday, a nod to the looming deadline to fund the government before a potential shutdown later this month. E15 legislation is unlikely to pass on its own, so lobbyists are closely tracking the legislative calendar for opportunities to add it to larger packages. The letter does not mention the API talks, which are proceeding separately. Small refiners worried about losing access to relief — at the same time as the Trump administration readies what could be record-high biofuel quotas for the next two years — will also press sympathetic lawmakers. Notably, a statement accompanying a bipartisan appropriations bill draft released this week recommends that EPA rethink "policies and procedures" for exemptions in response to a 2022 Government Accountability Office analysis that criticized the agency's approach. That watchdog report questioned EPA's argument that small refineries can easily pass on the costs of meeting biofuel mandates in fuel sales. Energy lobbyists noted that the statement's recommendations are nonbinding and that similar language around exemptions has appeared in past statements accompanying appropriations bills. But it signals that some members of Congress might oppose any changes to fuel policy that could raise costs for refineries in their districts and states. By Cole Martin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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