Saturday, 29 March 2025

Spotlight: COP28

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Innovative Baker Hughes Emissions Abatement Solution Chosen to Reduce Routine Flaring at SOCAR’s Baku Oil Refinery

Baker Hughes to deliver integrated gas recovery and hydrogen sulfide (H2S) removal system Solution expected to recover flare gas equivalent up to 7...

A silhouette of people sat in a large room looking at a blue-lit screen with 'COP29' on display.
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Finance and business deals announced at COP29 climate talks

The latest global climate talks in Baku drew 60,000 delegates, including many from business and finance — here are a few key deals made.

News ReleaseCarbon ManagementEmissions MarketsVoluntary Carbon Markets (VCMs)

Singapore, Gold Standard and Verra Release Initial Recommendations Outlining Progress in the Development of a Carbon Crediting Protocol to Implement Article 6.2

11 November 2024 SINGAPORE – November 11, 2024 | Singapore’s National Climate Change Secretariat (NCCS) in the Strategy Group, Prime Minister’s Office and...

FILE PHOTO: A car is parked at the venue of the United Nations climate change conference, known as COP29, during a media tour ahead of the summit beginning in Baku, Azerbaijan November 8, 2024. REUTERS/Aziz Karimov/File Photo
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COP29 host Azerbaijan promoted fossil fuel deals ahead of climate summit, NGO says

A secret video reveals Azerbaijan, COP29 host, offering to discuss potential fossil fuel deals ahead of the climate summit.

New UN rules would give local communities more power to object to carbon credit projects (AFP)
AnalysisCarbon ManagementClimateClimate FinanceEmissionsEmissions MarketsUnited NationsVoluntary Carbon Markets (VCMs)

UN aims to set standards for scandal-hit carbon markets at COP29

Governments could finally approve new UN standards for countries and companies wanting to trade carbon credits.

Climate activists held a banner reading 'Banks dirty our future. Let's block them' outside the headquarters of French bank Societe Generale in 2019. Protests are one of the risks bank face over their response to climate change (AFP)
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From floods to regulations: Climate change poses complex risks for the banking sector

Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their image and land them in the...

FILE PHOTO: A worker walks along a fence near the Baku Olympic Stadium, the venue of the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan October 18, 2024. REUTERS/Aziz Karimov//File Photo
ClimateClimate FinanceEmissionsNewsPoliticsUnited Nations

UN climate negotiations through the years to COP29

Here are some of the most significant moments in the history of climate talks.

FILE PHOTO: A view shows a sign of the COP29 United Nations Climate Change Conference with a backdrop of the cityscape in Baku, Azerbaijan October 31, 2024. REUTERS/Aziz Karimov/File Photo
ClimateEmissionsNewsOil

UAE pledges to cut emissions by 47% by 2035

The UAE is still planning to increase fossil fuel production and consumption by 2030.

U.S. President Donald Trump and China's President Xi Jinping pose for a photo ahead of their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque/File Photo
AnalysisEconomyElectric Vehicles (EVs)PoliticsSolarTrade

Explainer: China-U.S. talks on critical issues under threat as new Trump era looms

Beijing is already irked by U.S. "green trade barriers" on electric vehicles, batteries and solar panels.

FILE PHOTO: A view shows a sign of the COP29 United Nations Climate Change Conference with a backdrop of the cityscape in Baku, Azerbaijan October 31, 2024. REUTERS/Aziz Karimov/File Photo
AnalysisClimateEmissionsEmissions MarketsNatural GasOilResiliency

COP29: What are the key issues at the UN climate summit in Baku?

COP29 in Baku aims to set new climate finance goals, address fossil fuel cuts, and define carbon market rules amid global tensions.

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