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After running more than 24 hours over time, COP29 finally sealed a deal on climate finance. By Siobhan Wagner Early on Sunday morning, negotiators from nearly 200 nations reached a deal to triple the amount of money available to help developing economies confront a rapidly warming world. This was the main focus of what was dubbed the Finance …
The annual U.N. climate summit began on Monday with some prominent leaders planning to skip the event ahead of tough talks on finance and trade, after a year of weather disasters that have emboldened developing countries’ demands for cash. Delegates gathering in Azerbaijan’s capital, Baku, hope to resolve the COP29 summit’s top agenda item – …
Trump Worries and Leader Absences Cloud COP29 Climate Summit in Baku Read More »
Summary Azerbaijan sets out ambitions for COP29 Summit Countries need to set new financing target Developing nations need more financial aid from wealthier countries Baku outlines more than a dozen side initiatives LONDON, Sept 17 (Reuters) – Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its …
COP29 Leaders Unveil Climate Funding and Energy Storage Goals Read More »
From the city of Baku’s shoreline along the Caspian Sea, amid restaurants and high end hotels, Azerbaijan’s relationship with fossil fuels is plain to see by the rigs and tankers that dot the horizon. Azerbaijan, one of the birthplaces of the modern fossil fuel industry, will become another oil and gas exporter tasked with hosting the annual round …
Europe Needs COP29 Host Azerbaijan to Keep Exporting Fossil Fuels Read More »
President Aliyev commits to boosting investments in gas Country also touts its rollout of green energies this decade Azerbaijan, host of this year’s COP29 climate summit, will continue to invest in increasing gas production in order to feed demand from Europe as its president said that its abundant fossil fuels were a “gift of the …
COP29 Host Azerbaijan Says Its Fossil Fuel Is ‘Gift of the Gods’ Read More »
The outlook was robust at CERAWeek, and that may have profound implications for the energy transition. If you’re looking for a word to sum up this year’s CERAWeek by S&P Global, try this one: demand. Whether they were discussing oil, gas, power or renewables, speakers at the giant Houston talkfest were optimistic about consumption. Any …
From AI to Oil, Demand Dominates the Talk in Houston – CERAWeek Key Takeaways Read More »
HOUSTON, (Reuters) – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels. Global oil prices have remained in a range between $75 and $85 per barrel, a level fueling …
CERAWEEK 2024: Oil Mergers, Clean Fuels vie for Attention at Houston Energy Conference Read More »
Meeting demand and transitioning to clean energy amid geopolitical tensions will dominate conversations among industry heavyweights at CERAWeek in Houston next week. More than 7,000 people are headed to Houston this week to attend CERAWeek by S&P Global with a key question in mind: How to meet increasing demand for power amid the transition to …
CERAWeek’s Yergin on What to Expect at Big Energy Conference Read More »
