The transition to EVs is creating an opportunity that Saudi Aramco aims to capitalise on
COP28 President Sultan Al Jaber called the deal “historic” but added that its true success would be in its implementation
The global stocktake has been approved by the attending nations, marking a historic moment in the fight against climate change.
In a first for the climate summit in three decades, a draft proposal looks to get 200 countries to agree to transition away from fossil fuels.
A coalition of more than 100 countries have been pushing for an agreement would for the first time promise an eventual end to the oil age
Germany’s state secretary and special envoy for climate action, Jennifer Morgan, said counties were now “moving into the critical stage of negotiations”
The rate of future EV adoption is going to depend heavily on EV pricing and the availability of charging stations
Is it time to ditch the fear-mongering and to start addressing climate change by looking at how we can develop our economies in more efficient ways?
The EU and US have said they will put money in the climate damage fund at COP28
Major emerging economies like Nigeria, South Africa and Vietnam, developed countries like Australia, Japan and Canada, have said they will join the pledge
Analysts say there’s only about 2 million barrels a day of capacity that could be brought online quickly should there be a supply shutdowns
A supply crunch has sent oil and natural gas prices soaring since the pandemic
Oil and gas investments slumped from $700bn in 2014 to $300bn in 2021, according to Aramco’s chief executive officer, Amin Nasser
Governments can use sovereign asset liability management as a financial tool to manage public sector balance sheet risks
Renewables are on track to overtake fossil fuels as the world’s largest source of electricity within five years
Qatar Petroleum is aiming to issue dollar notes with maturities of five, 10, 20 and 30 years
The UAE is now bidding to host the UN’s global climate talks in 2023