Overview

Argus provides key insights on how global climate policies will affect the global energy and commodity markets. We shine a light on decisions made at UN Cop meetings, which have far-reaching effects on the markets we serve. Progress at Cop 30 in Brazil will be crucial in transforming ambitions into actions aligned with the goals of the Paris Agreement. Countries must produce new climate plans this year.

Follow the key developments in energy transition field with our Net zero page and keep up to date with ongoing coverage of these issues by following Argus Media on LinkedIn and on X.

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News

Asia power grid delay may incur billions in cost: Ember

Asia power grid delay may incur billions in cost: Ember

Singapore, 20 August (Argus) — Delays in the development of the Asean Power Grid (APG) could result in billions of dollars in economic losses for the region and alter energy transition pathways, according to a report by think-tank Ember. Members of the Association of Southeast Asian Nations (Asean) have announced their target to establish the Asean power grid by 2045 . Under an assumed completion date of 2035, each year that the project is delayed beyond this will add $2.6bn in economic losses, according to the report released today by Ember. A five-year delay for the APG would cost the region almost $14bn, as well as 55bn m³ of additional gas, and over 71mn t of CO2 emissions. Ember uses 2035 as the baseline year, based on Singapore's plan to import 6GW of power via interconnections by then, as well as regional ambitions such as a 2,000MW Malaysia-Singapore interconnection targeted to begin operating in 2030. Asean's power demand is set to continue rising because of industrial growth, data centres, electrification, and cooling demand. Electricity demand in southeast Asia is set to almost double to 2,000 TWh/yr in 2050 from 1,300 TWh/yr today, according to energy watchdog the International Energy Agency (IEA). Coal and gas generated over 73pc of the region's electricity demand in 2025, compared with 5pc from solar and wind, according to Ember. Asean's vulnerability because of its reliance on fossil fuel imports has become apparent especially because of the US-Iran war. Southeast Asia gets about a third of its oil and refined products from the Middle East, and the conflict has raised regional gas prices by as much as 60pc compared with pre-war levels, the report said. Some countries offer subsidies to help absorb some of these price shocks, but "for economies that depend on affordable power to support industry and attract investment, this exposure is a major risk to economic competitiveness," the report said. The region's energy import bill is projected to reach a record $160bn this year, and is set to increase further in the decades ahead, potentially rising to $400bn, or 5pc of its economy, by 2050 based on current policy settings, according to the IEA. A five-year delay in the establishment of the APG would also mean 7.2GW of solar power would not be developed in Asean in 2035. Singapore would have to install an additional 300MW of gas-fired capacity to meet demand in 2035 locking in fossil fuel infrastructure with economic lifetimes that can span 25 years, as well as take-or-pay contracts, and this could extend fuel imports. Countries with abundant renewables such as Indonesia, Laos, Cambodia and Myanmar could collectively lose $1.1bn in revenue for each year the APG is delayed because they would be unable to monetise renewable resources through power exports, according to the report. Recommendations The APG would link national power systems to enable the sharing of reserve capacity to offset local shortages, and enhance system security, reliability and market efficiency, including through reducing the need for conventional plants or battery storage, the report said. It would also enable renewable energy to be developed where resources are most cost-effective. For the APG to materialise, political discourse needs to shift away from just discussions to commitment that extends beyond electoral cycles, and this has to be supported by working-level co-ordination, the report said. The Lao PDR–Thailand–Malaysia–Singapore Power Integration Project (LTMS-PIP) demonstrates that such co-operation is possible. Secondly, cross-border projects need to be made bankable through harmonised and transparent tariff frameworks and regionally co-ordinated wheeling charges. Cost sharing should also be done fairly, whereby costs are allocated according to each party's perceived benefits. Regional financing mechanisms such as the Asean Power Grid Financing Initiative are also important in mobilising capital. Lastly, while bilateral projects are more pragmatic in the near term because they require less harmonisation of regulatory frameworks and implementation timelines, their governance and institutional frameworks from the outset should be built with a view to expand easily into multilateral power trade, Ember said. By Prethika Nair Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Renewable shifts in 4 nations near 1.5°C target: Report

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Renewable shifts in 4 nations near 1.5°C target: Report

Edinburgh, 19 August (Argus) — Uruguay, Namibia, the Netherlands and Denmark are the only countries coming closer to achieving the annual global growth rates for renewable power capacity to 2030 needed to stay on track with limiting the global temperature rise to 1.5°C, as major emitters lag behind, according to Systems Change Lab — an initiative led by climate think-tank the World Resources Institute (WRI). No country has increased solar and wind over a five-year period at the rate needed to hit targets compatible with limiting global warming to 1.5°C, Systems Change Lab said. The Paris agreement seeks to curb the global rise in temperature to "well below" 2°C above pre-industrial levels, and pursues a 1.5°C limit. Its signatories recognised in 2023 "the need for deep, rapid and sustained reductions in greenhouse gas emissions in line with 1.5°C". Solar and wind need to account for 57-78pc of the global electricity mix by 2030, but only made up 17.4pc of global electricity generation, according to the group's State of Climate Action 2025 report. But Uruguay, Namibia, the Netherlands and Denmark achieved around three-quarters of the annual global growth rate required from 2025 to 2030. In Uruguay, wind power generation rose to 32pc of the country's mix in 2018 from 1pc in 2013 — the fastest five-year renewable energy increase globally. In Namibia, solar grew to 39pc of electricity from 6pc in 2017-22, while solar and wind power rose to 45pc of electricity generation from 14pc between 2019 and 2024 in the Netherlands, according to Systems Change Lab. In Denmark, around 60pc of the country's electricity comes from wind, the highest share globally, it said. Uruguay, Namibia, the Netherlands and Denmark accounted for 0.08pc, 0.03pc, 0.27pc and 0.07pc, respectively, of the world's total greenhouse gas emissions in 2024, according to the EU's Edgar data. In comparison, China accounted for 29pc of global emissions and the US for 11pc, according to Edgar data. Even though China and the US — the world's two largest greenhouse gas emitters — build the most renewable energy capacity each year, solar and wind account for less than one-quarter of electricity generation in both countries, it said. "Other countries have both a large population and have achieved a high share of solar and wind in their national electricity mix, like Spain 42pc, Germany 45pc and the UK 36pc, but for those three countries, the growth took place over a longer period at slower rates," the group said. Although the four countries' economies and geographies are vastly different, Systems Change Lab found that for all of them, energy security concerns — reliance on fossil fuel and power imports — helped the initial shift, while progress depended largely on long-term policies and stable investment conditions. Political support meant that the policies were maintained over a long enough period to build up a critical speed, it said. Unlike Denmark, which started earlier than the other three countries, Uruguay and Namibia did not need to rely on subsidies because renewable costs have fallen and other options were expensive, but "they still needed to implement policy reforms to ensure the private sector could supply energy at competitive prices". "Achieving real systems change will require rapid rates of growth in solar and wind to be achieved and sustained in all countries," it said. "Developed countries that have greater historical responsibility for greenhouse gas emissions and greater capability to act should aim to grow renewables more quickly than the global average to accommodate other countries where a rapid shift is less feasible". By Caroline Varin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Brazil to keep pushing biofuels in Cop 31

News

Brazil to keep pushing biofuels in Cop 31

Sao Paulo, 14 August (Argus) — Brazil is hoping for breakthroughs in promoting biofuels as a bigger part of climate change policies during this year's UN Cop 31 climate summit in November, panelists at a preparatory event held last week in Sao Paulo said. Brazil is second only to the US in biofuels output and consumption. It wants its biofuels to be a bigger part of the global energy transition. But European environmental and energy groups have long pushed back against biofuels as a central climate change solution, given issues with land cleared for crops and limited expansion availability for biofuels from waste oils and fats. Brazil launched last year during Cop 30 — which it hosted — the Belem 4X pledge , a global effort to quadruple global output and use of sustainable fuels, including biofuels, by 2035. The consolidation of biofuels "as an absolutely crucial alternative for the energy transition" will continue to be one of Brazil's priorities at Cop 31, the foreign affairs ministry's energy, climate and environment secretary Mauricio Lyrio told attendees. The Cop 31 presidency has already laid out its focus areas for this year's summit in Turkey. The most prominent is a global goal for electricity to reach 35pc of global energy consumption by 2035 , up from around 20pc. "[The biofuels and electricity expansion agendas] are complementary — as mechanisms, instruments, and technologies — for the economic transition that needs to take place," Brazil's environment minister Aloisio de Melo told Argus . "But it is important for Brazil to bring this input [of biofuels] and rally countries that view it as an option, helping to advance this agenda." That echoes comments made by Brazil's environment and climate change minister Joao Paulo Capobianco during the Petersberg Climate Dialogue, held in April. While electrification is essential for reducing greenhouse gas emissions, viable and scalable short-term alternatives — such as biofuels — must also play a significant role, especially in developing countries, he said then. Hybrid solutions using ethanol or biodiesel can help reduce immediate emissions at a lower cost, helping countries facing fiscal constraints and substantial investment needs. Capobianco cited the renewal of Brazil's urban bus fleets as an example. Replacing the entire fleet with fully electric vehicles would require massive public investment, which could delay the modernization of public transport, he said. But hybrid models powered by biofuels such as ethanol and biodiesel would allow for significant emission cuts while leveraging existing infrastructure. Fossil fuels roadmap Biofuels will also be key in the Cop 30 presidency's ongoing roadmap on the phase-out of fossil fuels , another of Brazil's centerpieces during Cop 30. The roadmap will only work if the world can accelerate supply of energy sources other than fossil fuels, the Cop 30 presidency's coordinator for the roadmap Pedro Brancate said. Cop 30 ended without a final deal on a plan to shift away from fossil fuels, but the summit's Brazilian leadership vowed to oversee creating a roadmap on the issue outside of the official framework. It will present the plan during Cop 31. And although electrification will no doubt be a key part of that transition, it alone will not be able to replace every usage of fossil fuels, Brancate said. "We sometimes forget that fossil fuels globally account for 95pc of the transport sector's energy demand," Brancate said. "So, even with accelerated electrification of light vehicles in various markets, sustainable fuels will remain highly relevant to the transition away from fossil fuels." The Cop 31 presidency has not put the phasing out of fossil fuels on the summit's agenda yet, but sources have told Argus that it is unlikely that it would block talks on the issue. The Cop 30 presidency will also present a roadmap focusing on deforestation during Cop 31. By Lucas Parolin Brazil's avoided emissions from biofuels mn tCO₂ Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Hungary to build a Danube 'peninsula' near Paks nuclear

News

Hungary to build a Danube 'peninsula' near Paks nuclear

London, 12 August (Argus) — The Hungarian government has decided to build a "peninsula" in the Danube river near the Paks nuclear power plant in the hope of raising critically low river levels, prime minister Peter Magyar said on Wednesday. The 24-hour operation will involve adding 150,000m³ of stone to the two riverbanks near the 2GW Paks nuclear plant. In a possible second phase, authorities would sink two barges to redirect flows. With no significant rainfall forecast in the Danube basin for weeks, the tenuous situation could "persist for months" in the absence of intervention, Magyar said. The proposed intervention could ensure water levels at Paks' cooling channel do not drop below minus 90cm, allowing Paks to operate at full capacity, the prime minister argued. Danube river levels at Paks were 108cm below the reference level, but are set to fall to 137cm by 18 August, near the record low of 140cm below the reference level on 4 August, when Paks avoided a complete shutdown by millimetres . Romania carried out a similar operation using barges to redirect flows on 7-8 August at a section of the Danube near its 1.4GW Cernavoda nuclear plant. Following the intervention, Danube river levels near Cernavoda were 8cm higher than initially forecast by 9 August. But two days later, operator Nuclearelectrica announced it would be likely to have to shut down the plant's second 700MW unit. A complete failure of Paks would cost the Hungarian state 50bn forint/month (€136mn/month), as well as weighing on the economy, Magyar said. By Jessamy Guest Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Jellyfish cut 67pc French Gravelines nuclear capacity

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Jellyfish cut 67pc French Gravelines nuclear capacity

London, 11 August (Argus) — Utility EdF last night curtailed about 3.1GW or just over half of France's 5.4GW Gravelines nuclear reactor — made up of six 900MW reactors — in response to a huge influx of jellyfish, increasing to 3.6GW on Tuesday evening. EdF first automatically shut down units 3 and 4, followed by a unit 2 shutdown and a curtailment by half of unit 1, the utility said today. Units 3 and 4 left the grid just before 20:00 local time on Monday, while unit 2 followed with a full-capacity outage at 22:30. Unit 1 began reduced operations at 430MW of capacity from 21:00, according to the utility's unavailability ticker. Meanwhile, unit 5 was already off line for maintenance until 8 December, while unit 6 will be reduced to 500MW of capacity as of 16:30 today until 10:00 on Wednesday, according to a Remit notice published this afternoon. The curtailments — excluding the partial reduction at unit 6 — equate to a 3.13GW or 58pc reduction in Gravelines' total plant capacity. Including the unit 6 curtailment, total reductions were at 3.63GW, or 67pc of the reactor's entire capacity. The curtailments at units 1 and 2 are currently scheduled to last until Wednesday at 23:00, while units 3 and 4 are set to return to the grid at 23:00 on 16 and 19 August, respectively. User-reported jellyfish weather service Meduseo on Monday reported an increase to 75 from 0 on its jellyfish density evolution chart at the Gravelines beach, next to the plant in northern France. The recorded global average sea surface temperature last month was the highest for any July on record at 20.96°C, data from EU earth-monitoring programme Copernicus show. And curtailed output from France's nuclear reactors so far this summer is nearing 5TWh due to heat and drought, having impacted 30pc of the fleet since restrictions began on 22 June. July was the hottest month ever recorded, according to state weather agency Meteo France, and one of the driest, with river flows and soil moisture at historic lows. On this day a year ago, EdF disconnected four 910MW units at Gravelines after finding jellyfish in filtering drums at the reactor's pumping stations. By Bea Leverett Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Country focus

Country focus

Oman eyes potential 33pc emissions cut over 2024-35

Oman eyes potential 33pc emissions cut over 2024-35

London, 3 August (Argus) — Oman has released a new climate plan, with an absolute emissions reduction target of up to 33pc over 2024-35, depending on the level of international support received. The country's government committed to an unconditional reduction of 7pc in emissions by 2035, from a 2024 baseline, and an additional 26pc reduction over the same timeframe on a conditional basis. National climate plans submitted by developing countries to UN climate body the UNFCCC are often split into unconditional and conditional actions — the latter reliant on external financial or technical support. Oman estimated its total emissions in 2024 at 93.6mn t/CO2 equivalent (CO2e). It has changed its approach, now using 2024 as its baseline, rather than using a business-as-usual trajectory. Oman plans to reach net zero carbon emissions by 2050. The government plans to reduce emissions by expanding renewable energy, improving energy efficiency and managing land and water resources sustainably to maximise carbon sinks. It aims to ramp up waste-to-energy, address methane from landfill sites and look at "gradual adoption" of carbon capture, use and storage (CCUS) in heavy industry. The government also flagged green hydrogen as a "major diversification pathway". Oman has a green hydrogen production target of at least 1mn t/yr by 2030 and up to 8.5mn t/yr by 2050, according to the plan. But for the time being, Oman's economy "remains heavily dependent on oil and gas exports", the plan noted. The country has a "clear direction toward economic diversification", it said. The government plans to reduce the oil sector's share of GDP to 16pc by 2030 and 8.4pc by 2040. "Oil activities" accounted for 32pc of GDP in the fourth quarter of 2024, according to the country's foreign ministry. Oman, a member of the Opec+ group, produced 923,500 b/d of crude in June . Oman's new plan also set out the estimated investment needed to reach its emission reduction targets — a total of $31bn over 2026-35 to abate 30.4mn t/yr of CO2e across energy, industry, waste and agriculture. Much of the plan also focuses on adaptation — adjusting to the effects of climate change where possible. Water stress and availability is a key area for Oman, and the plan notes a "clear warming trend" in the country — its mean temperature increased by around 0.4°C per decade between 1980 and 2013. The plan is Oman's third nationally determined contribution (NDC) under the Paris climate agreement. Signatories to the Paris agreement are required to submit NDCs every five years, rising in ambition each time. While countries reach decisions at Cops, the NDCs are the chief route for the implementation of climate action. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Country focus

Colombia gets ball rolling on fossil fuel shift talks

Country focus

Colombia gets ball rolling on fossil fuel shift talks

The conference offered a calmer space to discuss fraught topics and how to convert words into actions, writes Lucas Parolin Rio de Janeiro, 8 May (Argus) — A conference on transitioning away from fossil fuels, held in Santa Marta, Colombia, at the end of April did not bring any new commitments to phase out hydrocarbons, but it did look to keep the topic at the top of the climate agenda. Delegates attended from about 60 countries, including some oil and gas-producing nations committed to advancing energy transition talks. Countries represented accounted for about a fifth of global oil production, a third of oil consumption and a third of the world's GDP, according to Colombian officials. Colombia and the Netherlands — co-hosts of the conference — were looking to push the topic forward outside official UN channels. Despite the historic UN Cop 28 climate summit pledge in 2023 , discussions on transitioning away from fossil fuels continue to face opposition from large hydrocarbon-producing and consuming countries, such as China, Russia, the US and Saudi Arabia, which tend to want the focus to be on reducing emissions, rather than fossil fuel output. These countries were not invited because the conference was intended to work as a ‘coalition of the willing'. Only countries " already convinced and ready to work on solutions for the transition " were invited, the Colombian environment ministry's head of international affairs, Daniela Duran, said. Santa Marta kept its focus on fossil fuels, according to non-governmental organisation Earth Insight's engagement director, Juan Pablo Osornio. Participants discussed "the input for combustion", rather than the resulting emissions, he said, adding that this could change the way countries address the topic in future. The debate is shifting from discussing climate change drivers — emissions — to their root cause — fossil fuels — something largely overlooked until Dubai. The disruption to oil and gas supplies from the closure of the strait of Hormuz could make energy security, rather than climate change, the key driver of any acceleration in consumer moves away from these fuels . But fossil fuels are responsible for 80pc of all global emissions, according to a study by the Energy Transitions Commission, a global coalition of leaders from across the energy landscape committed to achieving net zero emissions by 2050. Some countries invited to Santa Marta are still looking to only reduce emissions, but not necessarily fossil fuel usage and production. Canada and Norway stuck to their positions on production. And Nigeria — Africa's largest oil and gas producer — reiterated its call for a just transition for developing economies, saying countries should discuss a phase-down, not a phase-out, of fossil fuels. Safe space Santa Marta was not a place for new commitments, but a space for productive discussions on controversial topics. It aimed for "multilateralism without de facto vetoes" that is "capable of translating agreements into implementation", according to Colombia's environment minister, Irene Velez Torres. Three workstream plans were laid down, including one to help nations develop their own voluntary transition roadmaps. France presented one during the event, and Colombia published a draft document, intended to work as a potential template for other countries. Brazil is also working on one . The impact of Santa Marta on future Cop negotiations is difficult to assess, with the Turkish Cop 31 presidency putting progress in phasing out fossil fuels lower down the list of priorities . No country has shown it is willing to propose putting transition on the summit agenda. But Cop 30's presidency has pledged to present a roadmap in Turkey. The ball is rolling, Osornio said, and conversations at Santa Marta and future phase-out conferences "will continue to push the issue of fossil fuels and will undoubtedly have an impact within the [UN Framework Convention on Climate Change]". Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Country focus

France's fossil fuel roadmap a key step: think tanks

Country focus

France's fossil fuel roadmap a key step: think tanks

Edinburgh, 29 April (Argus) — France's roadmap to transition away from fossil fuels, which combines energy policies and climate targets in one document, is an important step, even though no new goals were announced, energy and climate think tanks said today. France released the roadmap yesterday, during the first conference on Transitioning Away from Fossil Fuels, ongoing in Santa Marta, Colombia. The plan matches France's climate goals with its energy policies in one document, including its national low carbon strategy and its new electrification plan set out in April . It reiterates the country's goal to move from a share of around 60pc fossil fuels in final energy consumption in 2023 to 40pc in 2030 and 30pc in 2035, to reach net zero emissions in 2050. The government plans to phase out coal by 2030, oil by 2045 and natural gas by 2050, under its national low carbon strategy and its roadmap. "France is one of the few countries in the world to have such a precise schedule for a gradual exit from fossil fuels," the French environment ministry said. The French roadmap aims to inspire partner countries on long-term planning, it said. France's last two remaining coal-fired power plants are scheduled to close or be converted by next year. The roadmap also states that over 95pc of fossil fuels burned in the country are imported. France eyes a 50pc reduction in gross greenhouse gas (GHG) emissions by 2030 compared with 1990, to reach net zero emissions by 2050. Although the country did not announce new goals, the roadmap sends an important signal, think-tank International Institute for Sustainable Development (IISD) energy policy advisor Natalie Jones said. "Higher ambition and not solely repackaging existing policies would have been even better, but an explicit fossil fuel phase strategy, with timelines, is new and welcome," she said. She added that the framing of the roadmap in relation to UN Cop climate summits, the global stocktake and climate action is significant. The first global stocktake, agreed on in 2023 at Cop 28, called for a transition away from fossil fuels in energy systems. "Few countries tackle all fossil fuels together — this gives other countries a critical opportunity to follow suit, while fossil fuel-producing nations can also lay out plans to diversify their economies as global demand for fossil fuels wanes in the decades ahead," said global research organisation WRI director of international climate action David Waskow. Asked about whether other EU countries could release fossil fuel transition roadmaps in the future, EU climate commissioner Wopke Hoekstra yesterday said that whether roadmaps are "specifically about phasing out fossil fuels… is secondary to impact". He reiterated the EU's goals — net zero emissions by 2050 and a 55pc reduction for 2030, from 1990 levels — pointing out that the wording is about reducing emissions rather than specifically phasing out fossil fuels. The "reality is… the same, you cannot be at 90pc [of emission cuts] in 2040 if you will not radically phase out fossil fuels", Hoekstra said. The EU updated its climate law earlier this year to add a 90pc GHG reduction by 2040, from 1990 levels, although up to 5pc of the target can be met using international carbon credits. Fossil fuel producer Colombia also presented a draft fossil fuel transition roadmap this week, developed with researchers, and designed to act as a potential standard for other countries to use. It aims to achieve a 90pc reduction in primary fossil fuel demand over 2026-50, and a 90pc cut in "whole energy system emissions" from 2015-50, while expanding access to energy. The plan pointed to the country's dependence on fossil fuels for revenues. Colombia exports oil and coal worth $25bn, against around $1bn in fossil fuel imports — mainly oil products, according to the roadmap. By Caroline Varin and Lucas Parolin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Country focus

No clear timeline for Brazil fossil fuel phase out

Country focus

No clear timeline for Brazil fossil fuel phase out

Santa Marta, 28 April (Argus) — Brazil has no set timeline to publish its roadmap to phase out fossil fuels, the environment ministry's secretary for climate change Aloisio de Melo told Argus . Brazilian president Luiz Inacio Lula da Silva on 8 December asked the energy, environment and finance ministries to draft a resolution by February mapping out the phase-out of fossil fuels. That had followed Lula's previous calls to create an international plan to move away from fossil fuels during a leaders' summit only a few days before the UN Cop 30 climate summit held in November in Brazil. But the call did not make it to the summit's final decision despite backing´ from over 80 countries . Instead, the Cop 30 presidency pledged to create a roadmap on the issue outside of official negotiations. But the Brazilian ministries never published the resolution requested by Lula. Instead, the plan has been submitted to the national energy policy council, which will be responsible for developing it, de Melo said in the sidelines of the First Conference on the Transitioning Away from Fossil Fuels , being held in Santa Marta, Colombia, from 24-29 April. The process to draft Brazil's roadmap has many moving parts and will "involve a lot of dialogue", de Melo said. "It's a process and we're not simplifying the approach," he said. "It's not just a matter of having big long-term goals, but of having a real trajectory with clear milestones, instruments, means and so on," which is "much more complex", he he said. One of the discussions surrounding the roadmap is its timeline, de Melo said, adding that the process "will take quite a bit of time" because it needs to have "a strong, solid institutional base that truly integrates with Brazil's energy planning". "It's not about having a document with some grand speeches and messages, but something that is actually consistent, solid and guiding over time and that transcends presidential administrations", he said. Phasing out fossil fuels could run counter to Brazil's plans of increasing crude production. It produces around 4mn b/d of crude , making it one of the 10 largest producers globally, according to its hydrocarbon regulator ANP. The country plans to expand crude output to 5.3mn b/d by 2030, according to energy research bureau Epe, hinging on new exploratory frontiers such as the southern Pelotas basin and the environmentally sensitive equatorial margin. But the production goals and the roadmap can coexist, de Melo said. The plan will focus on some decarbonization solutions that are "more or less ready and actionable" such as biofuels, he said. "But there are other solutions that are in the development and finalization phase." Additionally, Brazil's planned production growth will not take place in the short term, he said. So there is time to see how fossil fuels, mainly for transportation, will be used in a cleaner energy matrix over time. By Lucas Parolin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

Country focus

Washington still aiming for 2027 GHG market link

Country focus

Washington still aiming for 2027 GHG market link

Houston, 22 April (Argus) — Washington state is still eyeing 2027 for when it could join the Western Climate Initiative (WCI) carbon market, despite numerous regulatory and political hurdles, the state's Department of Ecology said on Wednesday. Ecology estimates its cap-and-invest program could join the WCI before the state's 1 November 2027 deadline for regulated participants to cover their outstanding emissions for 2023-26, the agency said at a public hearing on the recent draft linkage agreement . Current WCI partners California and Quebec are working to amend their respective program regulations this year. Both have indicated they prefer to finish their work first before fully turning their attention to linkage with Washington. But that does not mean that regulators from California, Quebec and Washington are not also advancing their required steps for linkage in parallel to any regulatory changes. "We expect we could complete the linkage agreement in 2026 and link in 2027, and this is including discussions with California and Quebec," Ecology senior planner for linkage Stephanie Potts said. Quebec's link with the California cap-and-trade program took more than a year to finalize, after work started in 2014, while the process with former WCI member Ontario took just months before it joined at the start of 2018. Ecology must also finish its current rulemaking to align the state's program with the WCI, with a final proposal expected in spring and adoption in summer. The agency must also finalize the required environmental justice assessment (EJA), Climate Commitment Act linkage criteria findings and then formally decide to link. California and Quebec will also need to amend their regulations to accept Washington Carbon Allowances (WCAs). California also requires a linkage report and findings from the governor's office to evaluate the stringency of Washington's cap-and-invest program. One new area of consideration is the shared electricity market between Washington and California. Both states need to align their coverage for electric power entities and their greenhouse gas (GHG) emissions, ensuring neither has an advantage over the other, Potts said. Washington is working on regulations for imported electricity in its program as part of its linkage-related rulemaking. Quebec remains a point of uncertainty in the process. The province's environment ministry again delayed publishing its draft amendments earlier this month, while the new premier, Christine Frechette of Coalition Avenir Quebec (CAQ), forms her government. Quebec is also holding a general election on 5 October, which looks likely to change political leadership in the province. A Leger-Quebecor poll of roughly 1,000 eligible voters over 17-20 April shows Parti Quebecois at 31pc of support, with CAQ trailing in third place at 17pc. California will also hold its election on 3 November to replace governor Gavin Newsom (D), who is ending his final term this year. "Changes in government have not inhibited staff from continuing to work together on this process, to share information and move the process forward," Potts said. Ecology will hold another public hearing on its draft linkage agreement on 22 April and is accepting public comment through 6 May. By Denise Cathey Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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