The urgent need to raise the finances to meet the funding goals of the Paris Agreement, especially to support action by developing countries, took center stage Monday at the UN Climate Conference (COP23) in Bonn, Germany.
It has been a wild ride for oil prices. November 4th, 2017, prime minister of Lebanon Mr. Hariri resigns, at night missiles from rebel occupied Yemen can be seen hurtling across the sky of Kingdom of Saudi Arabia. What begins next has been widely covered by all the major media outlets.
The Supreme Court of India recently imposed a ban on the use of petcoke and furnace oil in the states of Rajasthan, Uttar Pradesh and Haryana which are situated in the National Capital Region (NCR). The ban comes in the wake of several public interest petitions filed before the Supreme Court as well as the National Green Tribunal regarding the alarming rise in air pollution in Delhi and the associated health and environmental hazards.
To tackle the double challenge of energy poverty and climate change – producing clean, affordable energy at a pace that will meet rising demand without environmental detriment – all stakeholders must step up efforts to transform the world’s energy systems for everyone’s benefit, United Nations Secretary-General António Guterres said Wednesday.
On July 14, 2015, the P5+1, the European Union, and Iran reached an agreement under the Joint Comprehensive Plan of Action (JCPOA). The agreement stipulated that all UN Security Council sanctions as well as all multilateral and national sanctions related to Iran’s nuclear program would halt in exchange for a commitment from Iran to roll back its nuclear activities.
Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to level off next year, the World Bank said on Thursday.
It has been a week of repeated insults to U.S. adventurism and Donald Trump's ill-defined Middle East policy. In Iraq, thanks to Iranian backing and astute negotiation, Kirkuk province is back in the hands of the Shia government in Baghdad halving the Kurds' oil revenues. Iran now has a land bridge through Syria to the Mediterranean improving the accessibility of its exports to Europe.