Wednesday, October 21, 2020
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Tag: Intergovernmental

20.10.12~20.10.18 NASA Supercomputing Study Breaks Ground For Tree Mapping, Carbon Research

Scientists from NASA’s Goddard Space Flight Center in Greenbelt, Maryland, and international collaborators demonstrated a new method for mapping the location and size of trees growing outside of forests, discovering billions of trees in arid and semi-arid regions and laying the groundwork for more accurate global measurement of carbon storage on land. Using powerful...

Goldman Sachs Unveils $750 Billion Climate Plan For Investing in Solutions, and Vows Never to Support Arctic Drilling (20.01.13 ~ 20.01.19)

... David Solomon, chief executive of Goldman Sachs, recently wrote an editorial in the Financial Times in which he laid out the premise behind a $750 billon plan for a decade of investing, financing, and advisory activity that will exclusively cover nine climate-critical areas such as renewable energy, sustainable agriculture, and carbon reductions.

Australia And The Climate Apocalypse (19.12.30~20.01.05)

... The news about the fires in Australia is just that: unimaginable. While some idiots insist that the situation is part of a phenomenon that is repeated every year, the reality is that the magnitude and gravity of this year’s blazes is unprecedented: 18 people have already died, several dozen more are missing, the...

2020: a crunch year for the biodiversity and climate emergencies (19.12.23~19.12.29)

Humans depend for their very survival on stable and healthy ecosystems and urgent action is needed in 2020 to get the world on track to a more sustainable future. This is a “super year” for the environment—a make or break year in which key international meetings will set the tone and agenda for environmental action in the...

Pelosi to lead group of Democratic lawmakers to UN climate change conference (19.11.25~19.12.01)

(CNN)House Speaker Nancy Pelosi will lead a group of Democratic lawmakers to a United Nations conference on climate change less than a month after the Trump administration began formally withdrawing the US from the Paris climate accord. The House speaker on Saturday announced she will lead the congressional delegation to the UN COP25 environmental...

Putin says OPEC+ still committed to crude production agreement

Russian president Vladimir Putin said Saturday that Russia is meeting its obligations under the OPEC/non-OPEC crude production agreement, and participants remain committed to the arrangement, despite ongoing uncertainty over world energy market developments.... An excerpt from S&P Global

EU-Russia-Ukraine Gas Transit Talks Possible in May, Official Says

The next round of negotiations between Ukraine, Russia, and the European Commission on the transit of Russian gas through Ukraine after 2019 could be held in the coming weeks, Vice President of the European Commission, Maros Sefcovic has said, according to Ukranews.... An excerpt from Russia Business Today

Gazprom in Talks with CNPC over China Gas Deliveries

Russian gas major Gazprom has discussed deliveries to China with the country’s CNPC (China National Petroleum Corporation), the Russian company said in a statement on Thursday, according to Reuters. Also on Thursday, the state-run gas giant said it would start filling the Power of Siberia pipeline, which supplies gas to China, in the third quarter, and deliveries to China...

Russia’s Gazprom to begin gas injection into China pipeline in Q3

Gas giant Gazprom plans to start injections of Russian gas into the 38 Bcm/year capacity Power of Siberia pipeline in the third quarter of 2019 ahead of first commercial flows to China at the start of December, the company said late Thursday.... An excerpt from S&P Global

Six belt and road countries want renewables over coal: study

People living in six belt and road countries favour investment in renewable energy over the construction of coal-fired power plants, according to a study released by climate change group E3G. The survey, which analysed responses from citizens in Indonesia, Pakistan, Philippines, South Africa, Turkey, and Vietnam, found that the majority selected renewables as the type of energy their respective countries...

Russia’s Novatek Sells 20% In Arctic LNG 2 To Chinese Firms

Russian gas producer Novatek said on Thursday that it had signed agreements with two Chinese companies, under which the Asian firms will become shareholders in the Arctic LNG project with 10 percent each. Novatek, the largest Russian producer and exporter of liquefied natural gas (LNG), signed an agreement with CNOOC and another deal with China National Oil and Gas Exploration...

Interview: OPEC, Russia oil market role ‘diminishing’: IEA’s Birol

OPEC, Russia and nine other non-OPEC partners are in the midst of a 1.2 million b/d production cut that has helped oil prices recover from a slump in the last three months of 2018. The cut agreement is scheduled to run through June and is likely to be adjusted after the US announced it would end all waivers from...

Bloomberg plugs US funding gap for UN climate body

The billionaire philanthropist has contributed $5.5 million to cover international climate negotiation costs and related initiatives in the private sector. Some of Bloomberg’s payment will cover core administrative costs at the UN climate headquarters in Bonn, according to the statement. Other funds are earmarked to support climate initiatives by states, cities, businesses and community groups, which run in parallel to...

Poor Russian crude quality leads Belarus to cut oil-product exports

Belarus is limiting oil-product exports as a result of a deterioration in the quality of crude supplied from Russia, state news agency Belta reported Monday. In mid-April, Belarus threatened to suspend Russian crude transit to Europe over ongoing economic disputes. Belarusian officials suggested part of the Druzhba pipeline, which delivers more than 1 million b/d of crude to Europe via...

Trump to Escalate Iran Feud by Ending Waivers; Oil Prices Climb

The Trump administration said it won’t renew waivers that let countries buy Iranian oil without facing U.S. sanctions, a move that roiled energy markets and risks upsetting major importers such as China and India. ... An excerpt from Bloomberg

OPEC, Russia alliance has long-term future: Saudi adviser

"Cooperation will continue between Russia and Saudi Arabia," Ibrahim al-Muhanna said at the International Oil Summit in Paris, stressing that "it is the core of OPEC+ cooperation." OPEC, Russia and nine other non-OPEC partners are in the midst of a 1.2 million b/d production cut that has helped oil prices recover from a massive slump in the last three months...

Greece Backs Construction Of TurkStream Gas Pipeline

Greece supports the construction of the TurkStream gas pipeline and any other Russian gas supply routes, Dimitrios Velanis, special adviser to the Prime Minister of Greece on relations with Russia and the countries of Eastern Europe, said in an interview with Russian journalists. “We support “Turkish Stream” and any other routes of Russian gas, as well as the participation of...

Nations seek to shift gears on UN Article 6 carbon market talks

Governments are looking to change their approach on agreeing to a global rulebook for carbon markets in an effort to avoid a repeat failure that almost crashed the UN climate talks last year....An excerpt from Carbon Pulse

Poland wins €215m EU grant for gas link to Norway

The European Commission officially signed a €214.9 million grant on Monday (15 April) for works on a new Baltic gas pipeline project aimed at connecting Poland and Denmark with Norway. The Baltic Pipe Project, also known as “Norwegian corridor”, aims at creating a new gas supply route in the European market that will lessen the region’s dependence on Russian imports. in...

The agreement on EU support for Baltic Pipe signed

Gaz-System signed the agreement on co-financing the Baltic Pipe construction works under the Connecting Europe Facility with the Innovation and Network Executive Agency of the EU. The ceremony of signing the agreement for the subsidy in the maximum amount of nearly EUR 215 million, took place in Brussels on 15 April 2019. The Baltic Pipe is a strategic project aimed...

Council adopts gas directive amendment: EU rules extended to pipelines to and from third countries

. The Council today formally adopted an amendment to the so-called gas directive which aims at closing a legal gap in the EU's regulatory framework and boosting competition in the gas market. This is the final step in the legislative process.The overall objective of the amendment to the gas directive is to ensure that the rules governing the EU's...

US-Russia Policy Hits European Energy Supply [GGP]

... the US government is focussing on the export of liquefied natural gas (LNG). In doing so, it wants to reduce not only Russian state revenues, but also European dependence on Russian energy im­ports. In this context, the US policy is aimed squarely at the German federal govern­ment, which was described by President Donald J. Trump as a “prisoner...

EU states dole out another 62 mln free EUAs, bringing 2019 completion rate to near 80%

A handful of EU member states doled out another 61.7 million free carbon allowances in the past two weeks, with laggards Italy and Spain making big steps towards completing their 2019 allocations....An excerpt from Carbon Pulse

EU eyes step-by-step support for industry in €10 bln Innovation Fund

The EU’s new Innovation Fund aims to hold its first funding call in the second half of 2020 and give extended support to projects aiming to cut emissions among heavy industries, a conference heard this week....An excerpt from Carbon Pulse

Norway may curb gas amid EU oversupply – analyst

Norwegian oil and gas producer Equinor may begin adjusting gas supply to better match demand, as with hydro generators in the Nordic power market, said gas analyst Karen Sund at Oslo-based consultancy Sund Energy. It’s difficult to know if they reduce supply for commercial or technical reasons... suppliers attempt to recoup investment costs But growing oversupply in Europe and stiffer competition...

Belarus warns of suspending Russian oil transit to Europe over economic dispute

Belarus threatened Thursday to suspend transit of Russian crude to Europe via the Druzhba Pipeline in an attempt to pressure Moscow amid deepening economic disagreements between the neighbors. Russia exports more than 1 million b/d of crude to Europe through Druzhba, including to Germany, Poland, the Czech Republic, Slovakia and Hungary. If the pipeline is closed, Russia would be able to...

Russia and Turkey continue working out compromise on gas

Russia and Turkey failed to agree on Russia's gas prices: Russian President Vladimir Putin admitted following the meeting with his Turkish counterpart Recep Tayyip Erdogan that the sides argued on gas prices. Ankara wants the price to be fixed and defined by a certain formula, but Moscow insists on market-based pricing. ... An excerpt from Vestnik

EU wants members to drop veto over possible carbon tax

The European Union's executive branch is proposing that individual member countries drop their right to veto decisions on energy taxes, a move that could facilitate the introduction of a carbon tax across the whole bloc. ... An excerpt from Kentucky

European Parliament approves post-2020 CO2 emission targets for cars and vans

The legislation now requires final adoption by the European Council before publication in the Official Journal In December 2018, the EC, European Parliament and European Council finally reached an agreement to reduce CO2 emissions by 37.5% by 2030 for cars and 31% for vans, compared to the 2021 level. Both types of vehicle will also be subject to an interim...

Development-bank climate funds seek new dollars, as competition heats up

The $8.3-billion Climate Investment Funds (CIF).. have less than $1 billion to commit - and are likely to run out of money this year, having received no new contributions since 2014, CIF head Mafalda Duarte told the Thomson Reuters Foundation. The multi-billion-dollar Green Climate Fund (GCF) has also launched a process to refill its coffers for the first time, set to...