Energy
G-7 announces oil price cap to weaken Russia

Finance ministers from the G-7 said they will impose a price cap on Russian oil to undercut the Kremlin’s huge energy profits that pay for its war on Ukraine.

U.N. pushes renewables with new warming records

The U.N. weather agency confirmed the past seven years were the hottest on record in a new report that will serve as the basis for global climate negotiations.

New European carbon cutting plans unveiled

The European Commission adopted a set of proposals to cut net greenhouse gas emissions by at least 55% from 1990 levels by the end of this decade.

Landmark climate ruling in Dutch court

Climate activists used the 2015 Paris Agreement to win a Dutch court ruling ordering Royal Dutch Shell to cut carbon emissions nearly in half this decade.

IEA sees narrow path to 2050 net zero

Paris-based IEA advised that limiting global temperature rise to 1.5 degrees Celsius requires an immediate and massive transformation of all energy systems.

Methane cuts urged as cheaper climate path

A new U.N. report recommended methane emissions cuts as the most efficient way of preventing another 0.3 degrees Celsius of global warming.

Biden summit buoys climate treaty hopes

A two-day global climate summit hosted by U.S. President Joe Biden ended with leaders and companies pledging to decarbonize the world economy.

ICJ steps into Guyana-Venezuela border dispute

ICJ ruled it has jurisdiction to settle a border dispute going back to colonial-era claims over a resources-rich jungle region between Guyana and Venezuela.

Envoy says 126 nations seek carbon neutrality

The top U.N. official for global climate action said 65% of the world body’s 193 member nations will seek net zero carbon emissions by 2050.

Global energy demand and CO2 plummet

Global CO2 emissions are on track to decline by almost 8% this year from the pandemic causing the biggest downturn in energy use since World War II.

IRENA says renewable energy boosts GDP

Governments could use energy transformations to create jobs, meet climate targets and produce GDP gains of US$98 trillion by 2050, according to a new report.

IAEA cites improvements since Fukushima

Japan strengthened inspections as part of efforts to improve regulation of nuclear and radiation safety in the wake of the Fukushima Daichi accident in 2011.

IEA prescribes wholesale power for India

India raised living standards for 1.4 billion citizens by expanding access to cleaner energy sources but must do more for security and growth, IAEA said.

Europe unveils climate-neutral Green Deal

The E.U. plans to create “the first climate-neutral continent by 2050,” a three-decade blueprint to sustainably overhaul Europe’s trade, industry and politics.

Argentina’s Grossi tapped to lead IAEA

Rafael Mariano Grossi, Argentina’s ambassador to Austria, will become the sixth head of the Vienna-based International Atomic Energy Agency.

U.N. seeks carbon neutral planet by 2050

Some 40% of the U.N.’s 193 member nations committed to achieving carbon neutrality by 2050, and nearly the same amount vowed to do more by 2020.

IEA: Oil supplies plentiful despite attacks

Global oil markets are well-supplied and companies have reserves to meet demand for more than a month despite attacks on Saudi Arabia oil production.

IAEA and ASEAN to work on atomic power

IAEA said it will collaborate with ASEAN’s 10 member nations on a framework for developing nuclear technology for peaceful purposes.

Global carbon emissions hit record high

Global energy-related carbon emissions reached a record high in 2018 as worldwide energy demand and coal use surged mostly from power plants in Asia.

Qatar quits OPEC to boost gas production

OPEC is poised to lose Qatar, the world’s largest exporter of liquified natural gas, starting in 2019.

Clean energy investment lags behind goals

Global investment in renewables and energy efficiency declined 3% to US$318 billion in 2017 and “there is a risk” it will slow more this year, IEA said.