In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.
Oil output fell 3.4% y/y but ore mining grew 15%.
Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.
Vaccine scepticism means just under a third of the Russian population is vaccinated and the government admitted last week that it had “lost the information campaign” to persuade its people to take the pandemic seriously.
The energy transition provides a great opportunity for the metals industry. Investment in clean energy technologies will boost metals demand. However, while the sector will play a crucial role, it will need to address its own emissions.
Recurring import bans by the Russian agricultural watchdog attest to a problem with Moscow’s idea of free trade.
Neighbouring markets could be tapped as part of the global refugee fundraising effort, and bridge the tens of billions of dollars annual gap in UN appeals.
Governments need to smash the stubborn dominance of fossil fuels if the world is to reach net zero by 2050, despite the rapid development of green technologies, the IEA warns.
But how much coal Kazakhstan already sells China is a mystery, because the two sides publish different figures.
Energy prices have seen significant strength recently. European gas prices have rallied 94% during September, taking them to record levels. Oil and coal have also strengthened.
Food inflation is proving a serious difficulty.
A new leak of millions of documents dubbed the Pandora Papers has revealed more details of the use of offshore companies by the elite of New Europe, detailing their ownership of hundreds of millions of dollars of assets.
SEB’s latest Green Bonds Report has placed a price of $4 trillion per year on the energy transition if the world is to reach net zero by 2050.
Local IT experts say the plan ignores their talents and risks handing sensitive data to Russia.
The primary fuel for nuclear plants was sliding for much of the 2010s, with no signs of a major turnaround. Yet since mid-August, prices have surged by around 60% as investors and speculators scramble to snap up the commodity.
Two new papers find that Georgia and Azerbaijan would gain more from improving trade with their neighbours than pursing a place on the Belt and Road.
In the push for reducing carbon, significant investment will be necessary, and in turn, funding will be required. This will provide growth for the credit market, and in particular for anything associated with ESG.
The EU’s Green Deal and Carbon Border Adjustment Mechanism will hit the EU’s trading partners in Africa and non-EU Eastern Europe particularly hard.
Defining a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.
Miners who fled Beijing’s crackdowns on electricity sapping operations have come to the attention of regulators that have started introducing their own curbs.