The draft text unveiled by COP30 host Brazil made no mention of "fossil fuels" or the word "roadmap" that President Luiz Inacio Lula da Silva had himself publicly supported.
1.5C goal on the line as countries gear up for key climate talks
Paris, France -- Facing record-shattering temperatures and a geopolitical tinderbox, countries are scrambling to lay the groundwork for crucial UN climate talks next month tasked with salvaging global warming goals laid out in the landmark Paris deal. Ministers meet next week in the United Arab Emirates to grapple with flashpoint issues,...
Prices for utilities, fuels rise 9 percent in June in Saudi Arabia
RIYADH, SAUDI ARABIA – Prices for housing, water, electricity, gas and other fuels in the Kingdom rose by 9.1 percent overall in June compared with the same month last year, government data showed on Sunday. Restaurant and hotel prices went up by 4.3 percent and education up by 3 percent,...
Nuclear power reactors to shut down in Germany
BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks to wean itself off fossil fuels and manage an energy crisis caused by the war in Ukraine. While many Western countries are upping their investments in atomic energy to reduce...Al Seer Marine orders 4 new tankers
South Korea's K Shipbuilding will deliver the tankers in 2024.
ADNOC and Siemens Energy to develop low-carbon energy certificates
Abu Dhabi, UAE---Abu Dhabi National Oil Company (ADNOC) and Siemens Energy AG today announced plans to pilot blockchain technology to certify the carbon intensity of a range of products. In a statement, ADNOC said that by using smart sensor data gathered from across ADNOC’s operational chain – from the oil...ADNOC partners with BP, Masdar
The three firms will create green hydrogen and sustainable aviation fuel.Mubadala, ENGIE to create digital platform for electric vehicles in Gulf
Mubadala Investment Company and ENGIE signed an agreement to explore the development of a digital platform for charging electric vehicles in Abu Dhabi and the Middle East region. The two companies will work on a joint solution for the installation and operation of charging infrastructure as well as sustainable mobility...
ADNOC to invest $127bn in 2022-2026
The company announces a significant rise in oil and gas reserves.
Saudi could go carbon-neutral before 2060: Minister
Prince Abdulaziz bin Salman said new processes enabling capture and reuse of carbon were key to the kingdom achieving net zero.
