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Baker Hughes acquires firm to advance next-generation carbon capture tech.
- Investments in developing carbon capture and removal technologies necessary to meet climate goals
Shell outlines six steps to lowering company's carbon emissions
- 'By 2050, we will no longer serve customers who have unmitigated carbon emissions,' Shell says
WoodMac expects relocation of some 650,000 barrels per day of Russian oil
- Reshuffling is attractive at current Urals discounts but refiners face challenges with contractual obligations with Middle Eastern producers, agency warns
Renewable energy top priority for economic development of Turkish society
- 79% of the participants see renewable energy as a good opportunity for economic development, research shows
OPEC ends reliance on International Energy Agency data
- Wood Mackenzie and Rystad Energy will be used as secondary sources with immediate effect
France bans heated, air-conditioned terraces
- Famed outdoor terraces of restaurants, cafes, bars face decree to fight climate change
'Turkiye plays role in raising awareness of climate change worldwide’
- Turkiye is very sincere in fighting climate change, says Turkish deputy foreign minister
Turkish capital hosts world’s first ever summit for climate change and economy
-Anadolu Agency will be global communications partner of 2-day event
UN warns half of humanity lives in danger zone now due to climate change hazards
- Scientists find progress on adaptation is uneven, with gaps increasing between action taken and what is needed to deal with growing risks
28.02.2022
World
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Russia-Ukraine crisis to have long-lasting impacts on commodities, energy policies
- OPEC+ will more likely consider production rise in case of actual oil supply cut-off, says consultancy Wood Mackenzie
India’s quest for solar energy may have adverse social, ecological effects
- Experts urge caution as India aims to achieve installed solar capacity target of 270 gigawatts by 2030
Turkiye's 1st climate council discusses carbon emissions reduction on 3rd day
- Turkiye to create roadmap to combat climate change together with country's youth, says Turkish environment minister
Energy sector induced methane emissions 70% higher than official figures
- Energy sector accounts for 40% of total methane emissions that are responsible for around 30% rise in global warming
Turkiye's first climate council kicks off
- Roadmap to be formed in line with Paris Agreement to reach 2053 net zero emissions target
21.02.2022
Turkey
Oil price surge could spark climate-busting investment in new projects
- Firms can avoid wasting $500 billion with managed approach to transition even if oil demand rises short-term, study finds
Energy transition may shave 2% off global GDP by 2050: WoodMac
- Countries with higher carbon dependent economies will face more severe economic consequences of energy transition, report says
Around 1.8B in 25 countries experience record-warm temperatures in 2021
- 2021 is fifth-warmest year on land and nominally sixth-warmest year on Earth since 1850, a new report finds
Turkiye's climate decisions this year to pave road for 2053 net zero target
- First and most effective step to set strong roadmap is through declaration of coal phase-out strategy, experts concur
Last 7 years recorded as 7 warmest globally
- Last year's annual average temperature is in range between 1.1-1.2°C above pre-industrial level of 1850-1900, new data shows
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Climate change driven extreme weather events displace over 1.3M people in 2021
- Most extreme weather events this year hit poorer nations which have little impact on climate change
27.12.2021
Finance
Highlights of global energy market in 2021
- Record natural gas prices, fluctuating oil prices and climate negotiations are hot topics in 2021
Coal power expected to set new record in 2021 threatening net zero goals
- Rapid economic recovery and steep rise in gas prices increase coal power, underscoring need for strong policy to cut coal emissions
Global warming rise could cause $1.6T in labor loss without immediate action
- Many countries and people most impacted by current and future labor losses are not responsible for bulk of emissions
Trillion-dollar chemical industry needs to reduce health and environmental impact
- Majority of chemical firms develop hazardous products despite touting green credentials, report says
US move to sell emergency oil from reserves may trigger new type of price war
- With view to reduce rising fuel prices, US vows to tap emergency oil reserves, a move supported by China, India, Japan, South Korea and UK
Global energy efficiency progress well short of level to meet climate goals
- Annual rate of improvement in global energy intensity is below 4% needed between 2020 and 2030 for net zero pathway, IEA says
World heading to at least 2.4˚C of warming, Climate Action Tracker warns
- If all net zero pledges are fully implemented, optimistic projection shows global warming rise could be down to 1.8˚C by 2100
COP26 president calls for urgency in negotiations at start of 2nd week of summit
- Glasgow needs to reach a historic outcome in response to climate adaptation needs, Sharma says