Despite growing calls to reduce hydrocarbon production, a report by the NGO Urgewald reveals that the oil and gas industry has invested an average of $61.1 billion annually in exploration over the past three years.
Despite growing calls to reduce hydrocarbon production, a report by the NGO Urgewald reveals that the oil and gas industry has invested an average of $61.1 billion annually in exploration over the past three years.
At COP29, Azerbaijan urges negotiators to swiftly adopt Article 6 rules, a critical issue for international carbon credit markets. Talks are intensifying in Baku, but obstacles remain.
At COP29, Azerbaijan urges negotiators to swiftly adopt Article 6 rules, a critical issue for international carbon credit markets. Talks are intensifying in Baku, but obstacles remain.
Just days before COP29, the International Energy Agency (IEA) sounds the alarm: progress in energy efficiency remains well below the goals set in 2023, jeopardizing the reduction of fossil fuel usage.
Just days before COP29, the International Energy Agency (IEA) sounds the alarm: progress in energy efficiency remains well below the goals set in 2023, jeopardizing the reduction of fossil fuel usage.
As COP29 approaches in Azerbaijan, tensions emerge as climate ambitions clash with economic realities, and vulnerable nations express growing impatience.
As COP29 approaches in Azerbaijan, tensions emerge as climate ambitions clash with economic realities, and vulnerable nations express growing impatience.
As COP29 approaches, a UN report highlights that current climate commitments will not suffice to limit global warming to 1.5°C, endangering economies and human lives.
As COP29 approaches, a UN report highlights that current climate commitments will not suffice to limit global warming to 1.5°C, endangering economies and human lives.
The body overseeing Article 6.4 of the Paris Agreement has adopted unprecedented standards for project methodologies and carbon removals, facilitating the operationalization of global voluntary carbon markets.
The body overseeing Article 6.4 of the Paris Agreement has adopted unprecedented standards for project methodologies and carbon removals, facilitating the operationalization of global voluntary carbon markets.
COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
ICGB and DESFA strengthen Europe's energy infrastructure with a new interconnection agreement, facilitating gas flows in Greece, Bulgaria and beyond, in a context of diversification of supply sources.
ICGB and DESFA strengthen Europe's energy infrastructure with a new interconnection agreement, facilitating gas flows in Greece, Bulgaria and beyond, in a context of diversification of supply sources.
Gas transit talks between Ukraine and Azerbaijan have failed to reach agreement.
Both countries deny any negotiation concerning the use of Ukraine as a transit route to Europe after the end of the current contract with Gazprom.
Gas transit talks between Ukraine and Azerbaijan have failed to reach agreement.
Both countries deny any negotiation concerning the use of Ukraine as a transit route to Europe after the end of the current contract with Gazprom.
Azerbaijan has positioned itself as a key player in the fight against climate change by launching the Climate Finance Action Fund at COP29.
This initiative aims to mobilize resources for decarbonization and the global energy transition.
Azerbaijan has positioned itself as a key player in the fight against climate change by launching the Climate Finance Action Fund at COP29.
This initiative aims to mobilize resources for decarbonization and the global energy transition.
