At COP 27 India, China, Brazil, South Africa oppose tax on cement and steel

The European Union has proposed a policy to tax products such as cement and steel, that are extremely carbon intensive, with effect from 2026. With the 27 th edition of the Conference of Parties (COP) in Sharm El Sheikh nearing its final stages and efforts being ramped up to arrive at a conclusive agreement, a

Shipping joins hand with producers to scale up green fuels

Organisations and initiatives across the shipping value chain, joined by some of the top producers of green hydrogen, have signed on to a joint statement at COP27, committing to the rapid adoption of green hydrogen-based fuels this decade. The signatories have agreed to work on commercially viable zero-emissions vessels operating on the deep seas by

India takes a stand to phase down fossil fuels

India is leading a push for the COP27 climate summit to conclude with a decision on phasing down all fossil fuels, a move that would expand the focus from just coal, but is likely to raise strong concerns from oil and gas-reliant countries. Indian negotiators formally called on the Egyptian Presidency of climate talks for

At COP27 countries committed to cut emissions

Some of the world’s leading economies have committed to reducing greenhouse gas (GHG) emissions from fossil fuels, but said oil and gas consumption will persist as the energy transition takes shape as they seek to balance energy security with decarbonisation. At the Cop 27 UN climate summit today, the US, the EU, the UK, Japan,

India asks for higher global climate finance target

Developing countries require substantive enhancement in climate finance from the floor of $100 billion per year to meet their ambitious goals and rich countries need to lead the mobilisation of resources, India has stressed at the ongoing UN climate summit COP27. At COP15 in Copenhagen in 2009, developed countries had committed to jointly mobilise $100

UN expert group launches report on corporate greenwashing

A UN-convened group has launched a major new report at COP27 to crackdown on corporate greenwashing around net-zero claims, outlining key recommendations to ensure non-state actors are actively working towards decarbonisation. The High Level Expert Group on Net Zero Emissions Commitments of Non-State Entities was set up by UN Secretary-General António Guterres in March 2022

Most seafarers require upskilling to meet decarbonisation goals

A new action plan, launched at the COP27 climate conference in Egypt by United Nations organisations, shipowners and unions, sets out recommendations to upskill seafarers to meet shipping’s decarbonisation goals. The plan is in response to findings from new research, the modelling of which cautions that as many as 800,000 seafarers will require additional training

Averda and WasteFuel to develop green methanol

Averda, a waste management, treatment and recycling company, and WasteFuel, a developer of bio-refineries, announced during the COP27 climate conference, their partnership to develop the first commercial scale municipal waste to renewable methanol plant in the Middle East. The location for the first plant is likely to be in Jebel Ali, the premier port in

Green Shipping Challenge encourages countries take action at COP27

Grabbing the most headlines was the Green Shipping Challenge, launched by the US and Norway, creating a platform for around 40 commitments to accelerate ship decarbonisation, with US presidential envoy for climate John Kerry and Norwegian prime minister Jonas Gahr Støre on hand for the launch. The Green Shipping Challenge encourages countries, ports and shipping

COP27 to discuss compensating poor nations for climate disasters

The issue of loss and damage, as it is referred to in the climate negotiations, was included in the formal main agenda of the climate conference for the first time ever, after being discussed in a separate track for years. IN A big positive on the opening day of the climate change conference here, negotiators