IEA Report: Global renewables plans not yet in line COP28 goals
New research has warned that global ambitions and implementation plans are not yet in line with key goals set at COP28.
COP28
To turn commitments into reality, we need to focus on proven solutions
As Dr Sultan Al Jaber, COP28 President, reiterated in his concluding remarks, “an agreement is only as good as its implementation. We are what we do, not what we say”.
UTM transfers FLNG stake to Delta State
Kyari went on to say the company was promoting “several” FLNG schemes and was willing to take practical steps to secure them.
Wall Street makes zero progress in energy finance transition
The world’s largest banks are showing little or no progress when it comes to their promise to help the world avoid the worst consequences of global warming.
Historic consensus at COP28, but the devil is in the implementation
Al Jaber highlighted the importance of action, over rhetoric. “Let me sound a word of caution. An agreement is only as good as its implementation. We are what we do, not what we say.”
World’s biggest ESG fund class adds oil and cuts green exposure
The world’s biggest ESG fund class, which sits on roughly $5 trillion of client assets, has raised its exposure to the oil and gas sector by about two-thirds since stricter regulations were enforced 2 1/2 years ago.
Stronger COP28 text stops short of calling for phasing out of fossil fuels
The proposed final agreement from the UN Cop28 Climate Summit in Dubai calls for the world to wean itself off planet-warming fossil fuels, but it stops short of calling for them to be phased out.
Assuring competence is vital to the UK meeting its energy security and climate goals
The delivery of the energy transition will be one of the greatest engineering challenges and opportunities of our time. Failing to recruit, retain and attract the necessary capabilities and expertise into the industry will jeopardise the UK’s ability to meet its energy security and climate goals. Connected Competence must be part of that solution.
The world’s leader in Carbon Capture shows why it’s a long shot
Nearly 200 countries are in the home stretch of tough negotiations at COP28 over what the world should do to combat climate change.
COP draft deal offers fossil fuel cuts, but falls short for many
A draft deal at the COP28 climate summit in Dubai called on countries to cut their consumption and production of fossil fuels as the hosts tried to craft a compromise less than 24 hours before the summit is due to end.
Green hydrogen supremo calls for fossil fuel execs’ “heads on spikes”
Forrest said hydrocarbon executives at COP28 talking up production “must think you have blood on your hands”. The Fortescue head was talking on Perth’s 6PR station.
IEA warns COP28 fossil fuel pledges not enough to reach climate targets
International Energy Agency warns that even if the pledges made so far at COP28 summit are delivered, they will "not be nearly enough" to avert 1.5C warming
Road to ADIPEC 4: sustainability and technology
“I don't know anyone who thought this transition would be quick and easy, right? I mean, we're talking about the transformation of global energy systems on a massive scale. We've never done this before and we have to get moving quickly,” Cahill explained.
NZTC seeks partners for global technology push at COP28
NZTC has launched ‘Technology Without Borders’ – a new initiative aimed at bridging the energy technology gap between nations in the Global North and South.
Kerry calls out Chevron as lagging on climate at COP28
US climate envoy John Kerry criticized some US oil producers for not doing enough to combat global warming and singled out Chevron Corp. for particular scrutiny.
Using seawater and rocks, 44.01 launches Fujairah CO2 project
"This project is a significant scale-up for our technology and the integration of seawater can play a key role in helping us deploy our technology sustainably around the world,” said 44.01 founder and CEO Talal Hasan.
More than 2,400 fossil fuel-linked delegates at COP28, analysis suggests
At least 2,456 delegates linked to fossil fuels are attending the Cop28 summit in Dubai, according to analysis of the provisional participants list.
Masdar stacks up deals on 20 GW of clean energy
Masdar head Al Ramahi said the Kyrgyzstan agreement marked a “new chapter for Masdar in our clean energy journey … we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilised for so many other renewable energy sources”.
UAE’s Masdar buys into £11bn UK wind farm
Masdar, the UAE state-owned renewables firm, has acquired a 49% stake in a major UK wind project in the North Sea.
UAE launches $30bn funding platform for fairer finance
COP28 President Sultan Al Jaber will chair Altérra, while Ambassador Majid Al Suwaidi, COP28 director-general, will be CEO.
Sunak pledges £1.6 billion to try to show COP28 he’s on message
Rishi Sunak will pledge to spend £1.6 billion on climate projects, as the British premier arrives at the COP28 summit trying to show leaders the UK remains committed to the cause after he watered down his government’s green agenda and promised to boost oil and gas exploration.
Al Jaber denies using COP28 Presidency to make oil and gas deals
The head of global climate change talks starting in Dubai this week has strongly denied using his position to advance the United Arab Emirates’ commercial interests.
Greenpeace blockades Shell terminal in the Philippines
"At COP 28, governments should make them stop drilling and start paying for the damage their operations cause.”
The case for COP28 and developing nations’ needs
It is time developing countries take a page from the Willie Sutton play book and look to the oil industry for funding their energy transition – that’s where the money is.
Nova wins €20m funding for world’s largest tidal site in Orkney
Nova Innovation has secured EU funding for a 4MW tidal energy farm off Orkney that will be home to the largest number of tidal turbines anywhere in the world.