#Fossil Fuels

COP28-DR-SULTAN-AL-JABER-UAE

Countries strike deal at COP28 to transition away from fossil fuels

COP28 President Sultan Al Jaber called the deal “historic” but added that its true success would be in its implementation

COP28 begins on November 30 Image COP28 X

Watch: Dr Sultan Al Jaber’s statement on historic global stocktake at COP28

The global stocktake has been approved by the attending nations, marking a historic moment in the fight against climate change.

Groundbreaking COP28 proposal calls for ‘transitioning away from fossil fuels’

In a first for the climate summit in three decades, a draft proposal looks to get 200 countries to agree to transition away from fossil fuels.

COP28 begins on November 30 Image COP28 X

New COP28 draft deal stops short of fossil fuel ‘phase out’

A coalition of more than 100 countries have been pushing for an agreement would for the first time promise an eventual end to the oil age

fossil fuel

OPEC members push against including fossil fuels phase-out in COP28 deal

Germany’s state secretary and special envoy for climate action, Jennifer Morgan, said counties were now “moving into the critical stage of negotiations”

Electric VEHICLE

How electric vehicles are accelerating the end of the oil age

The rate of future EV adoption is going to depend heavily on EV pricing and the availability of charging stations

US inflation reduction act targets ghg emissions

Daily Insider: Scaling down versus phasing out fossil fuels

Is it time to ditch the fear-mongering and to start addressing climate change by looking at how we can develop our economies in more efficient ways?

cop28 - climate talks

Explainer: What’s the plan for this year’s COP28 climate summit?

The EU and US have said they will put money in the climate damage fund at COP28

renewable

COP28: EU, US and UAE deal to triple renewable energy this decade backed by 60 countries

Major emerging economies like Nigeria, South Africa and Vietnam, developed countries like Australia, Japan and Canada, have said they will join the pledge

Aramco says global oil spare buffers to slump when China reopens

Analysts say there’s only about 2 million barrels a day of capacity that could be brought online quickly should there be a supply shutdowns

Fossil-fuel underinvestment is recipe for disaster, says Dr Sultan Al Jaber

A supply crunch has sent oil and natural gas prices soaring since the pandemic

Saudi Aramco

Saudi Aramco says global oil buffers may vanish when demand recovers

Oil and gas investments slumped from $700bn in 2014 to $300bn in 2021, according to Aramco’s chief executive officer, Amin Nasser

How should GCC economies manage public finances

Governments can use sovereign asset liability management as a financial tool to manage public sector balance sheet risks

Why solar power now makes financial and ecological sense

Renewables are on track to overtake fossil fuels as the world’s largest source of electricity within five years

Qatar Petroleum starts investor calls for debut jumbo bond

Qatar Petroleum is aiming to issue dollar notes with maturities of five, 10, 20 and 30 years

UAE eyes first net zero by 2050 goal among major petrostates

The UAE is now bidding to host the UN’s global climate talks in 2023