Saturday, 23 November 2024
Climate FinancePoliticsUnited Nations

UN climate summit set to go into overtime as talks stall over finance deal

Negotiators have been adrift in the last 24 hours, unable to soften their red lines or hammer out a landing ground.

FILE PHOTO: Northvolt CEO Peter Carlsson poses for a picture at the company's offices in Stockholm, Sweden, March 7, 2017. REUTERS/Niklas Pollard/File Photo
BusinessElectric Vehicles (EVs)Transport

Northvolt CEO steps down, saying group needs up to $1.2 billion

Northvolt went from being Europe's best shot at a home-grown electric-vehicle battery champion to struggling to stay afloat within a year.

Indigenous leaders from the Wampis Nation in Peru, Tsanim Evaristo Wajai Asamat, left, and Pamuk Teofilo Kukush Pati, pose inside the Westminster Hall in London, Thursday, Nov. 21, 2024. (AP Photo/Kin Cheung)
BiodiversityBusinessClimateClimate FinanceEnvironmentFuelIndigenousOilPolitics

Indigenous leaders travel to UK from Peru to draw attention to oil damage and banking

In the last decade, there were 89 leaks from the Petroperu pipeline running through the Amazon Rainforest.

Cars drive at the territory of the COP29 United Nations climate change conference venue, in Baku, Azerbaijan November 22, 2024. REUTERS/Maxim Shemetov
Climate FinancePoliticsUnited Nations

COP29 climate summit overruns as $250 billion draft deal stalls

COP29 climate talks extend past deadline as nations clash over a $250B annual funding plan, with developing countries demanding more.

CoalElectricityFuelGeothermalSolarUtilitiesWind

Indonesia’s Prabowo plans to retire all fossil fuel plants in 15 years, but experts are skeptical

President Subianto: “Indonesia is rich in geothermal resources, and we plan to phase out coal-fired and all fossil-fueled power plants within the next...

Greek Prime Minister Kyriakos Mitsotakis hails the energy deal on the island of Naxos (POOL)
ClimateElectricityEmissionsPoliticsSolarWind

Greece pushes green transition on its fragile islands

Greece has signed a clean energy deal with the EU to fast-track the green transition on its fragile, tourist-riddled islands.

FILE PHOTO: A protester holds a sign as he participates in a national Day of Action against the Indian mining company Adani's planned coal mine project in north-east Australia, at Sydney's Bondi Beach in Australia, October 7, 2017.      REUTERS/David Gray/File Photo
BusinessCoalFuelLabour

Adani’s Australian coal unit faces human rights complaint

India's crisis-stricken Adani Group faces accusations of racism from an Aboriginal group in Australia.

Dion George, South Africa environment minister, left, walks past a person in a dugong costume during the COP29 U.N. Climate Summit, Friday, Nov. 22, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
ClimateClimate FinanceEmissionsPoliticsUnited Nations

Countries at UN climate summit under pressure with no finance deal entering final day

Countries at the United Nations climate summit entered the last scheduled day of talks with no visible progress on their chief goals.

BiofuelsFuelMaritimeTransport

Cashew nutshell marine biofuel causes problems for some ships, says testing agency

Cashew nut liquid has been touted as an alternative renewable fuel, but it also has high acid values and is corrosive.

FILE PHOTO: A logo is displayed on battery maker Northvolt's energy storage system plant in Gdansk, Poland,  October 21, 2024. REUTERS/Marie Mannes/File Photo
AnalysisBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingTrade

Northvolt crisis may be make or break for Europe’s EV battery ambitions

Northvolt’s bankruptcy highlights Europe’s struggle to build a battery industry amid Chinese dominance and slowing EV demand.

Two scientists say a Newfoundland company's possible detour to data is a signal that Canadian hopes of supplying Germany with green hydrogen may not be anchored in reality. A hydrogen storage tank sits at Mohammed bin Rashid Al Maktoum Solar Park as Dubai, United Arab Emirates hosts the COP28 U.N. Climate Summit, Dec. 11, 2023, in Dubai, United Arab Emirates. THE CANADIAN PRESS/AP-Joshua A. Bickel
AnalysisBusinessHydrogenInfrastructureTransmissionWind

As N.L. firm pivots, scientists say Canada’s green hydrogen dreams are far-fetched

Doubts grow over Atlantic Canada’s green hydrogen plans as experts question costs, efficiency, and Europe’s demand for wind-powered ammonia.

Some 80 percent of people displaced by climate change are women and girls, heightening risks of human trafficking and other abuses, according to a United Nations study (AFP)
AnalysisClimateClimate FinanceEmissionsEnvironmentIndigenousLegislationPoliticsRegulationsUnited Nations

Fears rise of gender setbacks in global climate battle

COP29 faces backlash on gender, with key language stripped from drafts, sparking concern over setbacks in women’s role in climate action.

Climate finance from developed to developing countries (AFP)
AnalysisClimateClimate FinanceEmissionsEnvironmentIndigenousPoliticsUnited Nations

Crunch time: What still needs to be hammered out at COP29?

COP29 debates how developed nations will fund $1 trillion yearly for developing countries by 2030, including grants vs. loans and fairness.

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
AnalysisBusinessClimateClimate FinanceEconomyEmissionsEnvironmentIndustryPoliticsRegulationsTrade

Analysis: Trade demands clash with climate agenda at COP29 talks

Developing nations at COP29 decry trade barriers like the EU's carbon border levy, warning they hinder green transitions and climate equity.

Attila Steiner, Hungarian presidency of the council of the EU, speaks during a plenary session at the COP29 U.N. Climate Summit, Tuesday, Nov. 19, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
AnalysisClimateClimate FinanceEmissionsEnvironmentIndigenousPoliticsRegulationsUnited Nations

Trump’s against climate action. But some right-wing governments are all for it

European right-wing leaders embrace climate action as economic opportunity, contrasting U.S. fossil fuel-driven skepticism under Trump.

FILE PHOTO: A technician talks on his cell phone at the Photovoltaic Modules assembling plant of Adani Green Energy Ltd (AGEL), in Mundra, India, April 11, 2024. REUTERS/Amit Dave/File Photo
BusinessCourtsElectricityLegislationRegulationsSolarTrade

Adanis knew of US probe when they sold bribe-linked assets to TotalEnergies, prosecutors say

Gautam and Sagar Adani sold a solar park stake to TotalEnergies despite U.S. bribery probe allegations, prosecutors claim.

FILE PHOTO: Hyundai displays the new Ioniq 6 vehicle at the 2022 Los Angeles Auto Show in Los Angeles, California, U.S., November 17, 2022. REUTERS/Mike Blake/File Photo
BusinessElectric Vehicles (EVs)Transport

Hyundai recalls over 145,000 electrified US vehicles on loss of drive power

Hyundai dealers will inspect, replace and update the software on impacted parts and its fuse for free.

FILE - A jogger runs in front of the Phillips 66 refinery, July 16, 2014, in the Wilmington area of Los Angeles. (AP Photo/Mark J. Terrill, File)
CourtsEmissionsEnvironmentLegislationOilRegulations

Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations

Phillips 66 indicted for Clean Water Act violations, accused of dumping oily wastewater from its Carson refinery into LA sewers.

FILE PHOTO: A Volkswagen ID.4 electric vehicle (EV) charges at an EV charging station inside a parking garage owned by the City of Baltimore, in Baltimore, Maryland, U.S., March 23, 2023. REUTERS/Bing Guan/File Photo
BusinessEconomyElectric Vehicles (EVs)IndustryLegislationManufacturingRegulations

Automakers urge Trump to preserve EV tax credits, boost self-driving cars

Automakers urge Trump to retain EV tax credits, ease emissions rules, and support self-driving tech amid rising competition from China.

FILE PHOTO: A person walks in front of the Con Edison Power Plant in Manhattan, New York City, New York, U.S., April 22, 2021. REUTERS/Andrew Kelly/File Photo
EconomyElectricityHydropowerIndustryInfrastructurePoliticsRegulationsUtilities

New York grid operator warns of undersupply in 2033

New York City risks power shortfalls by 2033 as rising demand clashes with reduced fossil-fired generation, NYISO warns.

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
ChemicalsCourtsIndustryOilPolitics

Exxon goes forward with $200-million expansion of Texas plants

California filed a lawsuit against Exxon alleging the company was deliberately misleading the public about the limitations of recycling.

Two scientists say a Newfoundland company's possible detour to data is a signal that Canadian hopes of supplying Germany with green hydrogen may not be anchored in reality. A hydrogen storage tank sits at Mohammed bin Rashid Al Maktoum Solar Park as Dubai, United Arab Emirates hosts the COP28 U.N. Climate Summit, Dec. 11, 2023, in Dubai, United Arab Emirates. THE CANADIAN PRESS/AP-Joshua A. Bickel
AnalysisBusinessHydrogenInfrastructureTransmissionWind

As N.L. firm pivots, scientists say Canada’s green hydrogen dreams are far-fetched

Doubts grow over Atlantic Canada’s green hydrogen plans as experts question costs, efficiency, and Europe’s demand for wind-powered ammonia.

Members of the Ottawa Fire Service and Ottawa Police Service discuss how to remove chains that link Greenpeace protester Keith Stewart, right, to a trailer after protesters were arrested for taking part in a sit-in styled protest calling for greater climate change awareness by Conservative Leader Pierre Poilievre outside of Stornoway, the official residence of the country's official opposition, in Ottawa, on Thursday, Nov. 21, 2024. THE CANADIAN PRESS/Spencer Colby
ClimateCourtsEmissionsEnvironmentLegislationNatural GasOilPoliticsRegulations

Climate protesters arrested outside Pierre Poilievre’s official residence in Ottawa

Two Greenpeace activists were arrested after blocking Pierre Poilievre’s Ottawa residence with a replica oil pumpjack, police report.

A home in Sherwood Park, Alta., heated by pure hydrogen, is the first of its kind in Canada and is shown in a handout photo. THE CANADIAN PRESS/HO
EmissionsHydrogenNatural Gas

Canada’s first hydrogen-heated home lays groundwork for low-carbon alternatives

Canada’s first hydrogen-heated home in Sherwood Park tests hydrogen’s feasibility as an alternative to natural gas for residential heating.

Hydrogen storage tanks are visible in Puertollano, central Spain, Tuesday, March 28, 2023. A company hoping to build a massive wind-to-hydrogen energy project in western Newfoundland is eyeing other options as Canada's plan to supply Europe with green hydrogen energy have not yet come to pass. (AP Photo/Bernat Armangue)
BusinessElectricityHydrogenWind

Newfoundland wind-to-hydrogen company eyes data centre as international market lags

World Energy GH2 shifts focus to AI-powered data centers as Canada's green hydrogen market faces delays and high production costs.

BusinessEmissionsInfrastructureLegislationOilRegulationsTransmission

Alberta Energy Regulator orders Sunshine Oilsands to suspend wells, pipelines

Sunshine Oilsands Ltd. has been ordered to suspend its wells, facilities and pipelines for failing to meet regulatory obligations.

FILE PHOTO: A logo is displayed on battery maker Northvolt's energy storage system plant in Gdansk, Poland,  October 21, 2024. REUTERS/Marie Mannes/File Photo
AnalysisBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingTrade

Northvolt crisis may be make or break for Europe’s EV battery ambitions

Northvolt’s bankruptcy highlights Europe’s struggle to build a battery industry amid Chinese dominance and slowing EV demand.

The Energy Secretary said the green transition was right both ‘ethically’ and ‘economically’ (Rebecca Speare-Cole/PA)
ClimateEmissionsPoliticsUnited Nations

UK wants Cop29 deal that ‘accelerates clean energy transition’, says Miliband

The UK has been pushing hard for a deal that includes reference to last year’s pledge to “transition away from fossil fuels in...

FILE PHOTO: A man walks past the logo of Gazprombank during the Saint Petersburg international gas forum in Saint Petersburg, Russia September 15, 2022. REUTERS/Anton Vaganov/File photo
EconomyFuelLegislationNatural GasOilPoliticsTrade

New U.S. sanctions probably spell end of EU energy payments through Russia’s Gazprombank

"EU payments for energy resources through Gazprombank will likely become impossible at the end of 2024," analysts say.

FILE PHOTO: Northvolt CEO Peter Carlsson poses for a picture at the company's offices in Stockholm, Sweden, March 7, 2017. REUTERS/Niklas Pollard/File Photo
BusinessElectric Vehicles (EVs)Transport

Northvolt CEO steps down, saying group needs up to $1.2 billion

Northvolt went from being Europe's best shot at a home-grown electric-vehicle battery champion to struggling to stay afloat within a year.

CoalElectricityFuelGeothermalSolarUtilitiesWind

Indonesia’s Prabowo plans to retire all fossil fuel plants in 15 years, but experts are skeptical

President Subianto: “Indonesia is rich in geothermal resources, and we plan to phase out coal-fired and all fossil-fueled power plants within the next...

FILE PHOTO: A protester holds a sign as he participates in a national Day of Action against the Indian mining company Adani's planned coal mine project in north-east Australia, at Sydney's Bondi Beach in Australia, October 7, 2017.      REUTERS/David Gray/File Photo
BusinessCoalFuelLabour

Adani’s Australian coal unit faces human rights complaint

India's crisis-stricken Adani Group faces accusations of racism from an Aboriginal group in Australia.

Indian Prime Minister Narendra Modi greets people holding Indian flags as he arrives in Guyana on November 19, 2024 (Prensa Pesidencial Guyana)
BusinessEconomyOilRegulationsTrade

Indian PM Modi highlights interest in Guyana’s oil

India seeks oil from Guyana, citing rising energy needs, as the two nations sign agreements on energy, agriculture, and defense cooperation.

FILE PHOTO: Visitors look at the Honda Ye GT electric vehicle displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
BusinessElectric Vehicles (EVs)ElectricityStorageTransport

Honda hopes to double EV driving range with solid-state batteries, R&D chief says

Solid-state batteries have been touted as a key technology to make longer-lasting, safer and cheaper electric vehicles.

FILE PHOTO: Korea Zinc Chairman Yun B. Choi speaks during a press conference in Seoul, South Korea, November 13, 2024.   REUTERS/Kim Hong-Ji/File Photo
AnalysisBusinessCritical MineralsPoliticsRegulations

Analysis: Korea Zinc takeover battle tests Seoul’s resolve on tackling ‘Korea discount’

The Korea Zinc takeover battle highlights weak investor protections, fueling calls for reforms to tackle South Korea's "Korea discount."

Indigenous leaders from the Wampis Nation in Peru, Tsanim Evaristo Wajai Asamat, left, and Pamuk Teofilo Kukush Pati, pose inside the Westminster Hall in London, Thursday, Nov. 21, 2024. (AP Photo/Kin Cheung)
BiodiversityBusinessClimateClimate FinanceEnvironmentFuelIndigenousOilPolitics

Indigenous leaders travel to UK from Peru to draw attention to oil damage and banking

In the last decade, there were 89 leaks from the Petroperu pipeline running through the Amazon Rainforest.

FILE PHOTO: Exxon Mobil’s new headquarters are seen under construction in Georgetown, Guyana, February 18, 2024. REUTERS/Sabrina Valle/File Photo
BusinessCarbon ManagementNatural GasOil

Exxon Mobil pulls out of talks with Guyana over shallow water oil block

Exxon exits Guyana talks on shallow-water block S8, citing plans for carbon capture; Hess and CNOOC’s involvement remains unclear.

COP30 in Brazil will be the third consecutive year the UN's top climate talks have been held in a country that plans to expand domestic production of fossil fuels (AFP)
AnalysisClimateClimate FinanceCoalEmissionsEnvironmentIndigenousNatural GasOilPoliticsRegulationsUnited Nations

Brazil will not ‘shy away’ from fossil fuels as COP30 host: envoy

Brazil, host of COP30, won’t shy away from leading global talks on fossil fuel phaseout, despite being a major oil producer.

A school of fish of 'Karachi' or 'Orestias Ascotanensis', swims inside a water source on Ascotan salt flat, in Ollague town area, in the Andean highlands, Antofagasta region, Chile October 31, 2024. REUTERS/Ivan Alvarado/File Photo
AnalysisBiodiversityClimateCritical MineralsEmissionsEnvironmentIndigenousMiningRegulations

Chile’s rare salt flat fish faces threat from lithium mining project

A rare fish thriving in Chile's hostile salt flat faces threats from lithium mining, sparking calls for ecosystem preservation safeguards.

A drone view shows solar panels on the roof of the favela residents.
EconomyElectricitySolarTransmissionWind

Solar power project in Brazil favelas hopes to shine in G20 spotlight

In Morro da Babilonia, Brazil, residents hope their local solar project will gain attention during Rio's G20 summit.

A parched field is pictured in Balkh province, Afghanistan.
Climate FinanceEnvironmentUnited NationsWeather

UN moves to unlock stuck climate financing for Afghanistan, agencies say

UN agencies push for climate funds for Afghanistan, stalled since the Taliban's 2021 takeover, officials say.

Botswana's newly elected President Duma Boko annuonced plans to diversify the diamond-dependent economy (AFP)
BusinessEconomyElectricityPoliticsRegulationsSolar

New Botswana leader eyes cannabis, sunshine to lift economy

Botswana's President Duma Boko unveils plans to diversify the economy via solar energy, medicinal cannabis, and tech innovation.

AnalysisEconomyElectric Vehicles (EVs)EmissionsEnvironmentTradeTransport

Electric vehicles in Africa: what’s needed to grow the sector

To make the most of the electric mobility revolution, sub-Saharan African countries need policies and incentives to localise production and invest in green...

A climate activist holds a placard as people call for climate justice resistance against oil and gas corporations and to end fossil fuels outside the Cape Town International Convention Centre during the Southern Africa Oil and Gas Conference in Cape Town, South Africa , September 13, 2023. REUTERS/Esa Alexander/File Photo
BusinessEmissionsEmissions MarketsPoliticsRegulationsVoluntary Carbon Markets (VCMs)

South Africa’s revised carbon tax to be harsher but with more offsets, Treasury says

South Africa is one of the world's top 15 greenhouse gas emitters and the only country in Africa with a carbon tax.

A pumpjack operates at a drilling site in Baku, Azerbaijan.
Climate FinanceEmissionsHydropowerOilRegulationsSolarWind

Azerbaijan is the host of the UN’s climate conference, shining a spotlight on the petrostate

Countries will gather in Azerbaijan for COP29 — a place that was one of the birthplaces of the oil industry.

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. REUTERS/Yves Herman/File Photo
BusinessEconomyElectric Vehicles (EVs)LegislationPoliticsRegulationsTrade

EU, China close to agreement over EV import tariffs, leading MEP says

EU and China near deal to end EV tariff row, with Beijing potentially setting minimum prices for e-cars to address subsidy concerns.

Lines of solar panels with hills in the distance
AnalysisClimateEmissionsFinanceLegislationOpinionRegulationsReportsSolarStorageWind

Gap between national targets and market realities threatens climate goals: Ember

Ember: Governments should close critical gap between the rapid growth of renewable energy markets and stagnant national climate targets.

FILE PHOTO: Liberty Oilfield Services Inc. CEO Chris Wright rings a ceremonial bell to celebrate the company's IPO on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 12, 2018.  REUTERS/Lucas Jackson/File Photo
ClimateEconomyElectionsElectricityEmissionsFuelGeothermalNatural GasOilPoliticsSmall Modular ReactorsSolarWind

Trump energy pick wrote ESG report hailing oil, gas, downplaying climate worry

Chris Wright, President-elect Donald Trump's pick to lead the energy department, believes fossil fuels are the key to ending world poverty.

Climate FinancePoliticsUnited Nations

UN climate summit set to go into overtime as talks stall over finance deal

Negotiators have been adrift in the last 24 hours, unable to soften their red lines or hammer out a landing ground.

Cars drive at the territory of the COP29 United Nations climate change conference venue, in Baku, Azerbaijan November 22, 2024. REUTERS/Maxim Shemetov
Climate FinancePoliticsUnited Nations

COP29 climate summit overruns as $250 billion draft deal stalls

COP29 climate talks extend past deadline as nations clash over a $250B annual funding plan, with developing countries demanding more.

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