A first draft of a deal for COP26 calls on countries to strengthen their emissions-cutting plans in the next year in a bid to keep a goal to limit warming to 1.5C within reach.
It was supposed to be a big win for climate activists: another of the world’s most powerful mining companies had caved to investor demands that it stop digging up coal.
The UK has corralled about 20 nations including the US, Canada and Italy at the COP26 climate summit to pledge to stop funding foreign fossil fuel projects, though the impact of the deal is undermined by the absence of key countries.
Richer nations will be able to deliver 100 billion dollars of climate finance to developing countries every year from 2022 - a year earlier than expected, US envoy John Kerry has said.
Countries are setting out efforts to end coal power after 250 years at Cop26 - but concerns have been raised about the absence of major polluters in the move.
New climate targets announced at the COP26 summit by Indian Prime minister Narendra Modi look set to boost renewable energy growth. However, India’s insatiable demand for electricity will keep the market highly reliant on coal power, posing challenges to the country's decarbonisation plans, according to Fitch Solutions.
The Energy Transition Mechanism (ETM) Southeast Asia Partnership, which aims to accelerate the retirement of existing coal-fired power, is the first of its kind in Asia Pacific and aims to help fast-forward Southeast Asia’s clean energy transition.
Countries are planning production of oil, coal and gas over the next decade at levels that is "dangerously" out of sync with targets to curb climate change, the UN has warned.
India plans to take more ambitious climate action by 2030, even as the nation pushes back against pressure to set a target for net-zero greenhouse gas emissions.
Plunging temperatures across parts of China have sparked an early start to the winter heating season, likely lifting power demand and intensifying the nation’s energy crisis.
UK coal-fired power generation jumped to the highest in a month, with wind generation slumping just as morning demand picked up.
China’s energy crunch pulled in more coal and gas imports in September, as buyers scrambled to ensure adequate supplies to counter a deepening power shortage ahead of peak winter demand.
China’s announcement at the United Nations General Assembly that it will no longer build any new coal-fired power plants abroad accelerates the energy transition in Asia’s emerging markets but also raises challenges, according to a new analysis by the IHS Markit Global Power and Renewables service.
Vietnam is quickly becoming one of the most promising liquefied natural gas (LNG) importing markets in Asia. Industry players—both domestic and global—have voiced their intent to pursue projects in Vietnam, encouraged by the government’s departure from its traditional coal-centric mindset and the rapid penetration of renewable energy in Vietnam’s power mix in recent years.
China’s energy crisis has highlighted weaknesses in one of President Xi Jinping’s top priorities -- energy security -- that could have ramifications for the power system for years to come.
Envoys from some of the world’s richest nations met with South African cabinet ministers on Tuesday to discuss a climate deal that could channel almost $5 billion toward ending the country’s dependence on coal.
Global energy companies are shifting to ESG investing; but what are the drivers to decarbonise and the innovative approaches being deployed? In this new series, Mike Scott takes the temperature of the industry’s response to date, as well as the challenges ahead that this shift will present.
Analysts expect Australian liquefied natural gas (LNG) supplier Woodside (ASX:WPL) to benefit as China faces a severe winter of energy shortages, with primary energy demand surging to a 10-year high.
Sri Lanka will forge ahead with plans to import liquefied natural gas (LNG) in the next few years, even as a global supply crunch sends prices of the fuel soaring.
China plans to stop building new coal-fired power plants in other nations, threatening to end one of the last sources of international funding for the dirtiest fossil fuel.
Solar power holds the key to meeting renewable energy targets for Indonesia, but the fast-growing Southeast Asian economy needs significant reforms to steer it away from an over-reliance on coal, according to a report.
A strategic merger between BHP and Woodside has been on the deal dream list in oil and gas circles going back three decades. Yesterday the pair confirmed that they will enter into a merger of their respective oil and gas portfolios in an all-stock deal that creates an LNG powerhouse.
India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.
Renewables continues to trump fossil fuels on costs, with the majority of new developments now producing cheaper energy.
South Korea will launch its largest-ever solar photovoltaic (PV) tender in July when it will offer 2 GW of capacity. An extra 2GW could also be offered later this year.