Thursday, 15 May 2025

Focus on International Energy Agency

The world remains off track to meet a global goal of capping warming to 1.5 degrees Celsius, the threshold scientists say must be respected to avert disastrous climate impacts (AFP)
AnalysisClimateClimate FinanceEmissionsPoliticsRegulationsUnited Nations

Nations to submit boosted climate plans at COP29: what’s at stake?

With COP29 underway, major emitters face pressure to enhance climate goals for the 1.5°C target, but most remain uncommitted.

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Shell welcomes Dutch Court of Appeal ruling

Shell plc Shell welcomes Dutch Court of Appeal ruling November 12, 2024 Today, the Court of Appeal of The Hague overturned the District...

Several people walk through thigh-high floodwaters in extreme weather after Hurricane Dorian in Freeport, Grand Bahama.
Climate FinanceEmissionsEnvironmentFuelNewsWeather

UN climate talks to focus on money to help poor nations cut carbon pollution

Curbing climate change's impact will cost trillions, but poor nations lack the funds, sparking debate at UN talks.

FILE - People walk through floodwaters following a dam collapse in Maiduguri, Nigeria, Tuesday, Sept 10, 2024. (AP Photos/ Joshua Olatunji, File)
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Multilateral banks are key to financing the fight against global warming. Here is how they work

Multilateral banks play a crucial role in climate finance, but trillions are needed for developing countries' energy transition.

FILE PHOTO: President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse/File Photo
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Multilateral development banks are stepping into climate breach: EBRD President

Multilateral development banks are boosting green investments, with the EBRD focusing on climate action amid global trade tensions and U.S. policy uncertainty.

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...

Dung from India's cows, sacred to many in the Hindu-majority country, is being used to power a movement towards biogas fuel (AFP)
AnalysisBiofuelsCoalEmissionsLiquefied Natural GasOilPoliticsRegulations

Sacred cow: Coal-hungry India eyes bioenergy to cut carbon

Venerated as sacred, India's cows now fuel energy transition, as biogas plants transform their dung and crop waste into clean energy, reducing reliance...

Planet Earth with connections between countries
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Global clean technologies booming: Markets projected to reach $2 trillion by 2035

This report from the International Energy Agency (IEA) explores the economic potential of manufacturing clean energy technologies, focusing especially on the market for...

Despite a historic pledge made at the COP28 climate summit, countries are still planning to expand fossil fuel production (AFP)
AnalysisClimateClimate FinanceCoalElectricityEmissionsNatural GasOilPoliticsSolarWind

‘Waiting in vain’: year on from pledge, world clings to fossil fuels

One year after COP28's fossil fuel pledge, nations push oil and gas expansions, drawing criticism ahead of COP29 climate talks.

Belgium's energy island will host transformers and other high-voltage equipment (AFP)
AnalysisBusinessElectricityNatural GasNuclear PowerOffshore WindOilWind

World’s first green energy island sails into cost storm

Belgium's energy island project for offshore wind faces costs soaring to seven billion euros, sparking calls to halt amid political pushback.

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