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Investment into green energy to top $2 trillion in 2024 for first time – IEA
The world now invests almost twice as much in clean energy as it does in fossil fuels, according to a report by the International Energy Agency (IEA), but there are major imbalances in investment with Emerging Markets lagging the developed world.
Experts warn Iran's Golestan will turn into desert within 15 years
Iran’s lush northern Golestan province faces a shocking transformation into a barren wasteland in just 15 years as climate change bites.
Europe headed for mini-ice age as AMOC tipping point approaches – paper
A recent study finds that the AMOC (Atlantic Meridional Overturning Circulation) is on course to stop flowing, at the latest, within the next 75 years, causing a mini-ice age in Europe and could disrupt the entire planet's weather patterns.
International energy firms pressed to support Ukraine energy fund
Head of EU-backed agency seeks to ramp up financial and in-kind support for war-ravaged power sector.
Powering change: Iran's electricity crisis and the path forward under Pezeshkian
Iran’s mismatch between energy supply and consumption has led to industrial power outages and blackouts for residential users, leading to increased poverty, economic losses and social unrest.
Southeast European countries battle wildfires amid latest heatwave
North Macedonia the latest to appeal for international help to fires in inaccessible mountain areas.
SapuraOMV launches key gas field off Malaysia
Malaysian oil and gas producer SapuraOMV has brought on stream its flagship Jerun gas project off the coast of Sarawak, the company announced this week.
PAC Capital completes $443m deal for Etu Energias acquisition of Galp assets offshore Angola
Each one degree rise in global temperature reduces world GDP by 12%, says study
Each one degree rise in global temperatures reduces world GDP by 12%, according to a new study by economists Adrien Bilal and Diego Känzi, published in Maym, which could reduce global GDP by half by the end of the century.
Africa's energy ambitions stifled by investment shortfall
Africa's economic and social development hinges on access to affordable, reliable and sustainable energy. Despite vast energy resources, the continent remains energy poor and lacks sufficient investment to just keep up with population growth.
IMF: Three quarters of the world’s wealth is owned by 10% of its people, who account for half of the CO2 emissions
The state of global inequality is alarming, showing no significant improvement over the past century, according to the World Inequality Report 2022,
Kosovan opposition slams government over €21mn payout to Contour Global
As Pristina seeks to promote renewables, the cancelled Kosova e Re coal fired power plant project remains a headache for PM Albin Kurti’s government.
MEOG: North Oil raises Kirkuk output
AfrOil: Shell seeks South African government authority to drill for oil in deep-sea Orange Basin
Iran experiences unprecedented heat wave in 50 years
Iran has experienced its hottest temperatures in 50 years, with the city of Ahvaz recording over 50 degrees Celsius (122 Fahrenheit) for more than seven days.
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