Monday, 3 March 2025

International

Activists holding a banner outside a green glass building, advocating for global plastic pollution combat.
ChemicalsEnvironmentFuelLegislationManufacturingNewsUnited Nations

Nations warn of deadlock at landmark plastic pollution talks

Diplomats warn countries may exit talks on world's first plastic pollution treaty if delegations resist compromise.

FILE PHOTO: A Mercedes Benz E300 is 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)IndustryManufacturingNews

Mercedes to use Momenta software in 4 models, accelerate China comeback, sources say

Mercedes-Benz taps China's Momenta for ADAS tech, with $75M investment, aiming to regain market share in China by 2025.

From left, Tony Agotha, Special Envoy for Climate and Environment Diplomacy of European External Action Service, Sivendra Michael, Permanent Secretary for Environment and Climate Change of Fiji, Juan Carlos Monterrey, head of Panama's delegation, Andrew Yatilman, Secretary of the Department of Environment, Climate Change, and Emergency Management of Micronesia, and Olga Givernet, French Delegate Minister for Energy, attend a press conference at the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Friday, Nov. 29, 2024. (AP Photo/Ahn Young-joon)
ClimateEmissionsEnvironmentNewsOilPoliticsUnited Nations

Negotiators get closer to agreeing on a plastic pollution treaty

Some plastic-producing and oil and gas countries, including Saudi Arabia, vigorously oppose including plastic production in the treaty.

FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019.  REUTERS/Agustin Marcarian/File Photo
News

Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll

A survey of 41 economists and analysts predicted that Brent crude would average $74.53 per barrel in 2025.

Workers load steel products for export to a cargo ship at a port in Lianyungang, Jiangsu province, China May 27, 2020. China Daily via REUTERS/ File Photo
CoalEmissionsGreen SteelHydrogenManufacturingNews

Big steelmakers failing to make the switch to renewables, survey shows

Steel is responsible for 7% of global CO2 emissions, with coal-fired blast furnaces producing 2 tons of CO2 for each ton of output.

The International Court of Justice in The Hague (AFP)
ClimateCourtsEmissionsEnvironmentNewsPolitics

Top UN court to open unprecedented climate hearings

Climate activists hope a legal blueprint will pave the way toward further legal action on climate change.

AnalysisClimate FinanceEmissionsEmissions MarketsGreen SteelHydrogenIndustryTrade

Could making hydrogen-based ‘green iron’ in emerging markets speed shift to green steel in developed countries?

OIES: Could setting up ironmaking plants powered by green hydrogen in developing countries support the transition to green steel?

The $300 billion a year pledged by wealthy countries for climate finance at COP29 was slammed as too little, too late (AFP)
ClimateClimate FinanceEconomyEmissionsNewsPolitics

Contentious COP29 deal casts doubt over climate plans

Baku's COP29 was crucial to boosting climate action across huge swathes of the world. It failed to deliver.

In a bid to boost crude prices, eight members of the OPEC+ group earlier this month announced they were extending supply cuts until the end of December (Saudi Aramco)
FuelNewsOil

OPEC+ postpones meeting on oil output to December 5

The 22-member OPEC+ group led by Saudi Arabia and Russia was due to decide on its 2025 output policy on Sunday.

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