COP28: OPEC leaks put pressure on Al Jaber to secure a fossil fuel phase-out deal
As COP28 enters its final days, discussions around the inclusion of calls to "phase out" fossil fuels in the conference's final text have reached fever pitch, as a leaked letter from OPEC urged member countries to reject a fossil fuel phase-out. Leaked documents show that OPEC has warned its member countries with the "utmost urgency" to "proactively reject" any text that "targets energy, ie fossil fuels, rather than emissions."
You might also be interested in
December 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In November 2024, 23 oil and gas exploration licences were awarded across five countries, with Russia granting the licences that account for the largest portion of embodied emissions.
The Cost of Fossil Fuel Reliance
Government support for fossil fuels reached at least USD 1.5 trillion in 2023, new data shows.
Increased Support Needed to Achieve India's Clean Energy Goals
India is on track to achieve many of its 2030 clean energy goals but needs to step up government support measures to accelerate the deployment of offshore wind, electric vehicles, and green hydrogen, according to a new report.
Budgeting for Net Zero
This study estimates the cost gap for battery energy storage systems (BESSs), offshore wind, solar photovoltaic (PV), electric vehicles (EVs), and green hydrogen (GH2) to inform government support.