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03 12月 2023

Cop: Parties continue work on global stocktake draft

Countries are progressing slowly on the decision text of the Cop 28 UN climate summit global stocktake — a key outcome for the talks, parties and observers said today. The UNFCCC — the UN climate body — released on 1 December the "first building blocks" for the text produced by the co-chairs of the

03 12月 2023

Cop: US-led carbon offset scheme to launch in Apr 2024

The Energy Transition Accelerator (ETA), a global initiative to use money from the voluntary carbon market to help developing countries decarbonise their energy sectors, is set to be launched in April 2024. The ETA is being developed by the US State Department, the Rockefeller Foundation, and the B

03 12月 2023

Cop: UAE to build 1GW renewable capacity in Kazakhstan

The UAE's state-owned clean energy company Masdar announced late on Saturday an agreement with the Kazakh government to partner on the development of 1GW of wind power in the central Asian nation. The agreement, signed at the Cop 28 UN climate conference in Dubai, came as part of a wider commitment

03 12月 2023

Cop: US offers $570mn in supply chain loans

The US is providing nearly $570mn on concessional lending to help "jump start" clean energy supply chain investment in developing countries. The funding, announced on Saturday by US vice president Kamala Harris during the Cop 28 UN summit in Dubai, will support a new initiative that aims to help bo

03 12月 2023

Cop: Kazakhstan, US to collaborate on methane abatement

Kazakhstan and the US have agreed to collaborate on policies and projects to reduce methane emissions in the the central Asian country, especially from the fossil fuel energy sector. In a joint announcement issued late on 2 December, the countries said they aim to advance Kazakhstan's methane reduc

02 12月 2023

Cop: 118 countries pledge to triple renewable capacity

Almost 120 countries have signed on to triple the world's current renewable energy generation capacity by 2030 and collectively double global energy efficiency by the same date, Cop 28 President Sultan al-Jaber announced on Saturday. Speaking on the sidelines of the UN climate summit in Dubai, al-J

02 12月 2023

Cop: Indonesia’s Pertamina aims to progress CCS plans

Indonesian state-owned oil firm Pertamina said today it is aiming to progress its carbon capture and storage (CCS) initiatives to help decarbonise its operations, as it intends to increase its oil and gas production. CCS is important for Pertamina as it is a state-owned enterprise which is mandated

02 12月 2023

Cop: Oil, gas pledge operations emissions cuts: Update

A total of 50 oil and gas companies, representing over 40pc of global oil production, today signed the Oil and Gas Decarbonisation Charter, pledging to “net-zero operations” by 2050 and “near-zero upstream methane emissions” by 2030. Signatories promised to end routine flaring by 2030. The charter

02 12月 2023

Cop: Oil, gas pledge operations emissions cuts: Update

A total of 50 oil and gas companies, representing over 40pc of global oil production, today signed the Oil and Gas Decarbonisation Charter, pledging to "net-zero operations" by 2050 and "near-zero upstream methane emissions" by 2030. Signatories promised to end routine flaring by 2030. The charter

02 12月 2023

Cop: Oil, gas firms pledge emissions cuts from operations

A total of 50 oil and gas companies, representing over 40pc of global oil production, today signed the Oil and Gas Decarbonisation Charter, pledging to “net-zero operations” by 2050 and “near-zero upstream methane emissions” by 2030. Signatories promised to end routine flaring by 2030. The charter

02 12月 2023

Cop: Barbados urges for more methane, fossil fuel action

Barbadian prime minister Mia Mottley — a leading voice for climate action and vulnerable countries — called for a stronger agreement on global methane emissions, adding that voluntary commitments from oil and gas companies are not sufficient. “The reality is that the global methane agreement that t

02 12月 2023

Cop: US pledges $3bn to UN climate fund

The US on Saturday pledged an additional $3bn to the UN Green Climate Fund, as it seeks to reassure the rest of the world that it will not skip out on its commitments under the Paris Agreement. US vice president Kamala Harris announced the funding at the Cop 28 UN climate talks in Dubai where she t

02 12月 2023

Cop: Irena DG sees tripling renewables goal agreed at summit

The Cop 28 UN climate summit's final declaration is likely to contain language on tripling renewable energy capacity by 2030, as 111 countries taking part in the talks in Dubai have already said they would support the “ambitious pledge”, International Renewable Energy Agency (Irena) director genera

02 12月 2023

Cop: US joins coal phase-out pledge

The US and six other countries on Saturday joined a coalition supporting the phase-out of unabated coal-fired electricity generation. The US, along with the Czech Republic, Cyprus, Dominican Republic, Iceland, Norway and Kosovo joined the Power Past Coal Alliance (PPCA), committing to not building

02 12月 2023

Cop: US finalises broad methane limits on oil sector

Oil and gas producers across the US will have to address methane leaks and gradually eliminate routine flaring from new wells under landmark regulations finalised today by President Joe Biden's administration. The regulations for the first time will impose federal methane limits on the vast number

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