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IEA confirms membership talks with India as Modi promises benefits
The International Energy Agency has announced it will begin talks with India on its request to become a full member, taking note of the "strategic importance" of the world's most populous nation in dealing with energy and climate challenges.
Big trade deals likely elusive at WTO meet in Abu Dhabi
Several issues remain stuck in the weeds ahead of the World Trade Organization's biennial ministerial meeting, as anxiety swells over the impact that geopolitical tensions and the looming US elections could have on global trade.
Africa's Biggest Oil and Gas Finds Are Doing Little for Economies at Home
Domestic markets across the continent are no match for the lucrative ones beyond its borders.
India's stance at WTO balances fisheries subsidies for artisanal fishers and sectoral growth
India is likely to advocate for securing the interests of its artisanal fishers while facilitating the growth of the fishing sector at the World Trade Organisation's 13th Ministerial Conference (MC13) in Abu Dhabi later this month. At the MC13, scheduled from February 26 to February 29, world leaders will negotiate on regulating fisheries subsidies that contribute to excessive fishing effort and capacity.
Carbon capture tax credit could cost taxpayers $1B more than expected, PBO warns
A controversial tax credit meant to help jump-start carbon capture projects could cost $1 billion more than the federal government estimated, says the independent parliamentary budget watchdog. In several federal budgets, Finance Canada forecast that the carbon capture, utilization and storage (CCUS) investment tax credit would cost $4.6 billion between 2022-28. The Parliamentary Budget Officer now estimates the CCUS investment tax credit will cost $5.7 billion.
As the U.S. reconsiders LNG expansion, it's time Canada does the same
The United States has exercised common sense and paused export permits for new liquified natural gas export facilities in the country, pending an assessment of their climate risk. Canadian governments should similarly take stock of their LNG investments and outlook.
Gas-fired power sector booming like there's no tomorrow
The past few years have seen ample warnings about the role of natural gas in our energy systems from both a climate and an energy security point of view. Nevertheless, a new data investigation from Energy Monitor shows that hundreds of gigawatts of new gas-fired power capacity are under construction or planned around the world.
Urgent Action Is Needed to Better Reward Tea Farmers for Using Sustainable Practices
There are 13 million people propping up the global tea industry. Two thirds of those people are smallholder farmers in developing countries, many of whom live in poverty. New research from the International Institute for Sustainable Development unearths the latest consumption and production trends in the sector and explores why so many tea farmers are struggling to make a living.
Ottawa supports Big Oil over the climate
One can only imagine the positive buzz these days inside the boardrooms of Canada's oil companies, as they rake in record profits and plan major expansions of their oil production. Amid all the good cheer, one could easily lose sight of the fact that those plans will push the world dangerously closer to the brink of irreversible climate chaos. Even as the world finally signed a commitment at UN climate talks last month to begin transitioning away from fossil fuels, Canada's major oil companies are poised to do exactly the opposite — to greatly expand their fossil fuel production.
The problem with every country's promise to phase out fossil fuels
Last week, world leaders celebrated a climate first: a call by nearly 200 countries to "transition away" from fossil fuels. Many heralded the agreement as a new phase in climate talks and the beginning of the end of fossil fuels. But beneath the U.N. agreement lies a darker truth: No fossil fuel company or country has a real plan for phasing out fossil fuels. On the contrary, almost all expect to continue extracting coal, oil and gas far into the future — far beyond what is needed to cut emissions in line with climate goals of keeping global warming to 1.5 C, or even 2 C. And part of the reason is that almost every country and company sees itself in a unique position: as the future last producer of fossil fuels.
Negotiation of investment treaties: The permanent negotiation team trained on the new national system
A training workshop is being held in Koudougou, Center-West region, on the new mechanism for negotiating and signing Burkina Faso's investment treaties. This training is organized for the benefit of the permanent negotiation team of the national investment treaty negotiating committee, made up of representatives from the ministries of trade, foreign affairs and the economy. It aims to strengthen the capacities of structures traditionally involved in the negotiation of investment treaties, on the new national system for negotiating and signing investment treaties.
Countries risk 'paying polluters' billions to regulate for climate: UN expert
An "explosion" of multibillion-dollar claims by fossil fuel and extractive firms through shadowy investment tribunals is blocking action on climate and nature, the UN Special Rapporteur for Human Rights and Environment has warned, with developing nations increasingly targeted.
'Car without wheels': Adaptation playbook lacks finance target
Governments at the COP 28 climate talks in Dubai have agreed on a playbook for adapting to climate change in areas like health, protecting nature and food and water security. But while wealthy countries celebrated the agreement, developing and particularly African countries denounced the absence of a target to provide financial and other forms of support.
Even if COP28 fails, it has changed the conversation on fossil fuels
Countries at the COP28 climate summit are still struggling to reach a deal on phasing out fossil fuels, but even having discussions on an end to the main cause of global warming is huge progress, say campaigners and researchers.
Sustainable Jobs Bill Inches Along Its Legislative Journey
After surviving a House of Commons filibuster by the Opposition Conservatives, Canada's green transition jobs bill has made its way back to the House of Commons for another vote.
New, stronger climate proposal released at COP28
A new compromise floated early Wednesday at United Nations COP28 climate talks called for the world to eventually wean itself off planet-warming fossil fuels in a global rallying cry stronger than proposed days earlier.
Guilbeault 'can't do it on his own': progress on greenhouse emissions reductions should not rest solely with minister, say environment experts, advocates
Environment Minister Steven Guilbeault is "doing the best he can" to help Canada achieve its emissions reduction targets, but real progress on climate change will require consolidating responsibility across multiple federal departments, say environmental experts and advocates.
Countries Most at Risk Call Proposed Climate Agreement a 'Death Warrant'
Environmental groups and negotiators from countries that are most vulnerable to climate disasters assailed a draft of a final agreement, made public at the United Nations climate talks on Monday, that fell short of calling for a phaseout of fossil fuels.
Canada can get its banks out of fossil fuels before it's too late, and here's how
Climate change puts Canada's financial system at risk. By acting now, the government can send a clear signal to banks and investors about the future of finance in a changing climate.
Could 'just transition partnerships' drive change in Latin America?
Originally created by the G7 forum of major economies – outside of UN climate negotiations – Just Energy Transition Partnerships were born as a broad financing package to accelerate the decarbonisation of the energy sector in countries highly dependent on fossil fuels, particularly coal. JETPs seek to provide support, tools and access to international funding in order to accelerate the energy transition. They also aim to increase the ambition of the partner countries' nationally determined contributions to the Paris Agreement on climate change for 2030, and reaffirm their commitments to be carbon neutral by 2050.