Biden, Jokowi unveil $20bn deal to end coal and speed up net zero push in Indonesia
US President Joe Biden and Indonesian President Joko Widodo announced a climate finance deal providing $20 billion to help Indonesia pivot away from coal power.
G20
ExxonMobil and Pertamina advance CCS project in Indonesia
ExxonMobil and Pertamina, the state-owned energy company for Indonesia, have signed a heads of agreement at the G20 Summit in Bali to further progress their previously announced regional carbon capture and storage (CCS) hub for domestic and international carbon dioxide (CO2).
Market says go for LNG, climate NGOs says stop
As COP27 continues apace, the slew of demands for more – or less – hydrocarbon investments is mounting.
UK pushes for deal to end foreign fossil fuel finance
The UK is trying to corral at least 18 countries to agree to stop funding of foreign fossil fuel projects by the end of next year, according to people familiar with the situation.
G-20 climate agreement leaves COP26 talks needing a breakthrough
Leaders of the Group of 20 countries agreed on a climate deal that fell well short of what some nations were pushing for, leaving it to negotiators at the COP26 summit in Glasgow this week to try to achieve a breakthrough.
Wind industry calls on G20 to speed up renewable power growth
Some of the biggest names in renewable energy are calling on the leaders of the Group of 20 nations to take action to speed up the deployment of green power to prevent dangerous global warming.
G20 signals support for carbon pricing
The G20 has signalled an increased interest in accepting carbon pricing to tackle climate change.
All G20 countries on course for a ‘disorderly energy transition’, research body warns
None of the world’s major economies are currently on course to deliver on their climate change targets, a new study has found.
Angola in debt talks with oil importers
Angola is in talks with some of its oil customers in a bid to restructure financing facilities, the Ministry of Finance has said, in order to “better reflect the current market environment and OPEC production quotas”.
Global oil deal elusive as Saudi-Russia pact meets resistance
A global deal to cut oil production and save the market from a coronavirus-induced breakdown proved elusive on Friday as a diplomatic initiative led by Saudi Arabia suffered repeated setbacks.
‘Dramatic’ oil slide given ‘lack of catalysts’, says analyst
There has been a “dramatic” oil price slide, given "a lack of catalysts”, according to a leading analyst.
Merkel plans to challenge Trump on renewables in G-20 forum
German Chancellor Angela Merkel, fresh from taking over the presidency of the Group of 20 nations, plans to use her leverage to challenge Donald Trump’s skepticism about the value of renewable energy by pointing out where it’s a viable business.
G20 accused of being ‘drunk friend at wedding’
A campaign group has likened the G20’s actions to be being “drunk at a wedding”.
Here’s what the G20 nations are pledging on climate change
The United Nations last December set a deadline of Oct. 1 for countries to submit pledges on what they’re prepared to do to rein in fossil-fuel emissions as part of their contribution to a new deal to fight climate change.