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Less than 60 companies linked to 80% of GHG emissions since 2016
Just 57 fossil fuel and cement producers were responsible for 80% of global fossil CO2 emissions since the Paris Agreement, says a new report.
US Treasury Secretary won’t rule out tariffs on China’s green exports, EU launches probe
US Treasury Secretary Janet Yellen, while visiting China, said she will not rule out more tariffs on China’s green exports such as solar products and electric vehicles.
Levels of the three most dangerous human-caused GHGs at record highs
Concentrations of CO2, methane and nitrous oxide climbed to record levels in the global atmosphere in 2023, contributing ever more to the climate crisis. This is according to scientists from the US National Oceanic and Atmospheric Administration.
Europe exits the winter heating season with record gas stocks
The EU has exited the heating season with a record volume of gas in storage, following another mild winter and as a result of reduced industrial demand and a concerted effort by policymakers to boost stockpiles.
Grid bottlenecks on the way in Europe?
A new analysis by the energy think-tank Ember has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for.
Azerbaijan doubles down by expanding gas exports to Europe
Azerbaijan is exporting more gas to Europe and Europe is keen to buy it. And as its own production of oil falls slowly it is repositioning itself as a major transit route for Kazakh oil, to allow it to reach the international markets.
Russia asks Kazakhstan for emergency fuel supply
Russia has requested that Kazakhstan be ready to provide it with 100,000 tonnes of gasoline in the event of shortages.
REM: China’s planned Mingyang wind turbine manufacturing in Scotland named a “priority”
Russian federal budget deficit falls to $6.7bn in 1Q24 on the back of higher oil prices
In 1Q24 the federal budget deficit shrank to RUB607bn ($6.7bn), according to a preliminary estimate of the Ministry of Finance, after oil and gas revenues soared by 80% y/y.
South Africa issues RFP for 616-MW of BESS capacity
Summer starts as EU gas tanks start to fill again
Winter is over, as the EU gas tanks switch from withdrawals to filling mode again in preparation for next winter. Injection into the gas tanks started on April 1, a week earlier than in 2023 and started at an all-time high record level of 59.3% full.
Disaster season: heat waves sweep the world – in charts and maps
In the last week temperatures have soared, breaking monthly records in nearly half the countries on the planet. In much of Europe temperatures have reached those of mid-summer in the first week of April.
DMEA: Aramco, ADNOC seek Indian oil storage deal
MEOG: BlackRock, KKR sell ADNOC oil pipeline stake
INTERVIEW: Sunny climates and government incentives drive Balkan solar markets
Elen managing partner Lulzim Syla outlines the potential of the solar markets in Kosovo, Albania, and North Macedonia in an interview with bne IntelliNews.
How Chinese oil imports are helping to support the regimes in Moscow and Tehran
A new report by the Atlantic Council has suggested that China – using a so-called dark fleet in conjunction with Russian and Iran – is effectively getting around existing sanctions on oil purchases from both countries.
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