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COP28 actions will fall short of Paris goals

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INTERNATIONAL

Hopes of a leap forward in implementing the 2015 Paris Agreement largely fell flat, despite a historic acknowledgement of the need to “transition away” from fossil fuels in order…

Saudi Aramco will seek to manage rapid industry change

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SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Talk of nuclear power for Australia is election gambit

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AUSTRALIA

Dutton said in March that if the Liberal/Nationals coalition wins next year’s election, he will promote investment in small modular reactors (SMRs) on the site of existing…

Investor concern may impact Australian emission target

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AUSTRALIA

Although one-third of Australian electricity now comes from clean sources, a series of regulatory issues and infrastructure project delays is leading to an exodus of private…

EU will struggle to meet new climate targets

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EU

If approved, the targets will profoundly shape EU economic and environmental policy over the next two decades. The power sector will bear most of the decarbonisation burden to…

Taiwan’s president-elect faces a divided parliament

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TAIWAN

Voters elect representatives from their geographic constituencies (73 seats) and vote separately for a political party, which then fields 34 legislators-at-large not tied to a…

France’s domestic climate agenda will be cautious

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FRANCE

This highlights government sensitivity to sectoral concerns about climate change regulation and reflects President Emmanuel Macron’s broader strategy of seeking incentives rather…

The EU’s phase-out of Russian gas is not guaranteed

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EU

This is the trajectory followed by the majority of member states. However, blockages remain in east-central Europe, where Turkey could play a role in maintaining direct or…

Romania will not meet OECD goals by date set

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ROMANIA

The government regards joining the OECD as a national objective. Having opened accession negotiations in January 2022 and received its roadmap that June, the publication last…