Azerbaijan has strengthened its energy ties with the EU since 2022, ramping up gas deliveries and articulating ambitions to export renewable energy and green hydrogen to Europe in the future. However, the EU’s shrinking gas demand and Azerbaijan’s lack of a genuine decarbonization strategy cast uncertainty on the long-term prospects of this partnership – all the more so given the EU’s persistent criticism of political repression and human rights violations in the South Caucasus republic. Yana Zabanova reports.
All posts tagged: COP
Carbon capture and storage | The Global Energy Transition Podcast
In this episode of the Global Energy Transition podcast, host Michael Buchsbaum, lead blogger for the Energy Transition.org talks with David Schlissel, attorney and Director of Resource Planning Analysis for the Institute for Energy Economics and Financial Analysis (IEEFA) about carbon capture and storage (CCS) which got a lot of attention at the recently concluded COP28 in Dubai. Read More
Despite a record year in profits, oil and gas companies still aren’t doing enough to combat emissions
Oil and gas companies have been the biggest winners of the energy price hikes of 2022. But as yet, there is scant evidence that companies have invested their windfalls in the energy transition. Is there hope that they will? Joelle Thomas reports. Read More
COP28: an opportunity for Africa to reduce sovereign debt and stimulate renewable energy transitions
Almost 20 years ago, and following long debate, the wealthiest countries wrote off some of the debts owed to them by economically disadvantaged countries. With the United Nations recently declaring ‘a world of debt’, we’re back to it again, and so soon. But this time around, an imminent environmental crisis looms in the background. Developing countries simply cannot contribute to climate change solutions when weighted with debts. As many as 27 countries in Africa have ratio of debt to GDP above 60 per cent. Another important difference is that this time around, Africa holds more than half the raw materials needed for decarbonizing global economies. This year’s COP28 would be most effective by solving this paradox, as well as securing decarbonisation gains made so far, mostly in wealthier countries. Africa’s natural resources for energy transitions positions the continent to sustainably manage its debt, encourage economic growth and stimulate energy transitions across the continent, writes Michael Davies-Venn. Read More
The UAE’s unconventional COP
The lead up to what the United Arab Emirates (UAE) hopes will be a pivotal COP28 has been overshadowed by questions about whether the UAE, as a major oil-producing country, is sincerely interested in decarbonization. The debate over the UAE’s chairmanship (and in particular, the chairman himself) has been louder than talk of the topics on the table at this year’s COP. How is the UAE positioning itself to be a decarbonization leader, and are its ambitions to be a climate leader substantiated or merely symbolic? Joelle Thomas takes a closer look.
African leaders urge West to live up to pledges to help finance climate transition
In their quest for sustainable advancement, developing countries in Africa are struggling to switch from traditional dirty energy sources to cleaner alternatives without climate finance from abroad. Going green in the power sector has proven costly, but also very important in reducing pollution and environmental degradation across the continent. In this blog, Kennedy Nyavaya looks at how a meaningful transition in Africa will largely depend on developed countries delivering the energy transition funding they have pledged.
If Billionaires Want to Rescue the Climate, They Have to Walk the Talk
When the world’s wealthy and powerful descend on the Swiss ski resort of Davos every year to offer prescriptions to fix the world, the assumption from many on the outside is that these moguls are converging to fix it in a way that will protect their riches, or better yet expand them. Thus while there was XXL greenwashing afoot at this year’s World Economic Forum (WEF) in January 16 to20, at least it’s clear to the Davos crowd that the climate crisis is an acute threat, if foremost to their fortunes. Paul Hockenos on the role of climate change debates at the billionaires’ summit in Switzerland.
Is it time to postpone the 2020 Climate Summit?
With the coronavirus pandemic sweeping the planet and the governments of both wealthy and poorer nations overwhelmed by the demands of managing a response, the scheduling of this year’s critical UN Climate Summit is suddenly in doubt. Felix Dodds and Michael Strauss first published on Inter Press Service.
Playing for time at climate conferences
2018 saw temperatures, natural disasters and CO2 emissions hit record highs. Meanwhile, our world leaders are procrastinating, says Michał Olszewski.