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.
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.
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.
The G20 has signalled an increased interest in accepting carbon pricing to tackle climate change.
None of the world’s major economies are currently on course to deliver on their climate change targets, a new study has found.
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”.
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.
There has been a “dramatic” oil price slide, given "a lack of catalysts”, according to a leading analyst.
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.
A campaign group has likened the G20’s actions to be being “drunk at a wedding”.
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.