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Road to Cop 30: With or without US

  • : Coal, Crude oil, Electricity, Emissions, Natural gas, Oil products
  • 25/10/03

Trump's stance may open up leadership opportunities for China, but states such as California have other ideas, writes Michael Ball

US president Donald Trump's increased antagonism towards climate action since his return to office has left a void to be filled by other nations, or even by individual US states, at next month's Cop 30 UN climate summit in Brazil.

Trump curtailed US involvement in UN talks during his first term in office but still sent a modest delegation to Cop 23 in Bonn, Germany. In addition, Trump's administration during his first term mainly sought to weaken, but not repeal, regulations to reduce greenhouse gas (GHG) emissions. But in his second term, Trump has shown a desire to go even further. He used his recent appearance at the UN General Assembly to effectively accuse other countries of falling victim to a massive hoax, leaving little doubt as to where he stands on climate change.

"It's the greatest con job ever perpetrated on the world, in my opinion," Trump said. "If you don't get away from this green scam, your country is going to fail." That view has informed the actions taken by Trump and his allies this year so far. He has again pulled the US out of the Paris climate agreement, sought to slash funding for related UN programmes, impeded renewable energy development, threatened states with legal action and proposed repealing US Environmental Protection Agency (EPA) regulations for power plants and passenger vehicles.

All this makes it unlikely that the US will try to play a constructive role at Cop 30, something Brazilian officials say could complicate the talks. If anything, the US may try to "undermine global co-operation in the energy transition", former US presidential climate adviser John Podesta said in May.

Podesta and others say Trump has left an opening for China to step up its role in the talks. A day after Trump's "hoax" comments, China unveiled its new emissions pledge. The US State Department did not respond to a request for comment.

The return of Trump could put US states with their own climate policies back into the spotlight. Their message, as in 2017, will be that the US is pushing ahead, even if the federal government is not.

"California is still in it. We are stepping forward with the legislature, with the governor. And from a policy perspective, progress continues in California," California Air Resources Board (CARB) chair Liane Randolph said last month, just before exiting her post. Randolph's comments came about a week after California's Democratic governor, Gavin Newsom, and state lawmakers agreed to extend the state's cap-and-trade programme to 2045. CARB, led by Randolph's successor, will spend the next year crafting regulations to implement that legislation, after which it will work with partner Quebec to add Washington state's programme to their Western Climate Initiative (WCI) market.

State of play

In addition, the Regional Greenhouse Gas Initiative (RGGI) — a CO2 trading programme for power plants in 10 northeastern US states — plans to set a more aggressive emissions cap and implement other market changes starting in 2027. Waiting in the wings is New York state, which continues to work on its own economy-wide trading programme, while lawmakers in Oregon have again raised the possibility of crafting one that could join the WCI.

Ironically, Trump's push to abandon federal policies could lead to even greater state action. The EPA wants to repeal its endangerment finding for GHG emissions, which would largely absolve it of the responsibility to issue any climate-related regulations. RGGI representative for trade body the International Emissions Trading Association, Justin Johnson, sees its members stepping up — "RGGI states would take that loss of the endangerment finding and say, ‘OK, it's now very clear to us that legally, the federal government cannot do this, so it's on us.'"


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25/11/18

Cop: Climate Club eyes green steel, cement targets

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.

Cop: Presidency tackles key issues in first draft text


25/11/18
25/11/18

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.

DNO reshuffles N Sea assets to generate quick returns


25/11/18
25/11/18

DNO reshuffles N Sea assets to generate quick returns

London, 18 November (Argus) — Norway-based upstream producer DNO has agreed to sell its stake in a redevelopment project in the Ekofisk region of the North Sea, while boosting its interest in Norway's Verdande oil and gas discovery and taking a share of a new exploration prospect. The company will divest its 7.6pc stake in the Ekofisk Previously Produced Fields project to Polish refiner Orlen. It will also acquire from Orlen a 20pc interest in a licence that contains the Cassio prospect, and an additional 0.8pc interest in the Verdande discovery. The deals are part of DNO's strategy to focus on short-cycle and less capital-intensive assets. "Our focus is on increasing near-term cash flow with less spend and more barrels more quickly," said DNO executive chairman Bijan Mossavar-Rahmani. Verdande, located in the Norne area of the Norwegian Sea, is scheduled to come online before the end of 2025, while exploration drilling on Cassio in the North Sea is expected to start in late 2026. The Ekofisk redevelopment programme, on the other hand, is not due to start up until 2029. "We have chosen to deploy our share of the significant capital expenditure necessary [for the Ekofisk project] in ways that play to our strengths, namely exploration and rapid-fire development of our existing discoveries," said Mossavar-Rahmani. Cassio sits directly north of a DNO-operated licence containing the Othello discovery, which the company is considering developing as a tie-back to nearby infrastructure. The transactions follow DNO's $450mn deal to buy Norway's Sval Energi earlier this year , which made the North Sea the biggest contributor to the company's production. DNO's production in July-September increased by 50pc from a year earlier, helping to more than double its revenues. Profits, however, remained broadly flat on the year during the same period, owing to extra production costs in the North Sea. By Lauren Hadeed Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Thai aviation authority, airlines to collaborate on SAF


25/11/18
25/11/18

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.

Tokyo Gas sells Louisiana gas interest to Grayrock


25/11/18
25/11/18

Tokyo Gas sells Louisiana gas interest to Grayrock

Tokyo, 18 November (Argus) — Japan's gas distributor Tokyo Gas's US subsidiary TG Natural Resources (TGNR) sold its gas exploration and production business in Louisiana to Texas based E&P firm Grayrock Energy. Tokyo Gas said on 17 November that it signed an agreement to sell TGNR's subsidiary called TGNR TVL to Grayrock Energy on 14 November. TGNR TVL is a gas field interest in Louisiana which was acquired from US natural gas producer Range Resources in August 2020. The divestment is part of a portfolio review aimed at improving asset efficiency, Tokyo Gas said. Grayrock paid $255mn to acquire the Louisiana gas asset and transaction is planned to complete on 31 December 2025. Tokyo Gas sold 25pc stake of another subsidiary in Texas to Japanese gas distributor Shizuoka Gas in February. It explained the reason of the sale to also be a part of a review of its portfolio aimed at improving asset efficiency. Tokyo Gas plans to focus on the business of its assets in east Texas and north Louisiana . By Reina Maeda Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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