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At COP28 in Dubai, German Chancellor Olaf Scholz called for a phase out of fossil fuels, the US announced $3 billion in new climate funding and France pushed for nuclear energy as a way to reduce emissions.
The Gulf countries are marching ahead with an ambitious domestic transition to renewable energy. But there is little chance they will stop exporting fossil fuels any time soon.
Fuel shortages, inflation and high levels of poverty have plagued Nigeria in recent years. The 77 Percent travels to Lagos, where Edith Kimani meets young Nigerians who tell her how they view Nigeria's economy and why people in the oil-rich nation are still struggling to make ends meet.
The term national cake is a familiar phrase for the average Nigerian often used in discussions about the nation's wealth. However, it is frequently associated with corruption amongst those managing the country's finances. So that brings us to the question, how does the government bake this so-called national cake? Does he just sit there waiting to be divided piece by piece?
Youth plaintiffs have won a rare victory against a US state government for promoting climate-killing fossil fuels. A tsunami of climate-related lawsuits are set to follow.
The IEA said renewable energy is expanding faster than many people realize, but it warned that investment in fossil fuels is not slowing fast enough to reach goals to slash emissions by 2050.
The oil and gas industry is playing an important role in the energy transition by providing the affordable and reliable energy needed to fuel fair growth and improved living conditions for all, producing this energy with decreasing emissions to support a net-zero world.
The five largest Western oil firms announced nearly $200 billion in profits after the Ukraine war sent energy prices soaring. As China reopens, oil demand is likely to stay strong, alongside calls for windfall taxes.
12 Dec 2022
Chinese leader Xi Jinping wrapped up a visit to Saudi Arabia with a joint statement regarding bilateral commitments. Xi also invited Saudi King Salman bin Abdulaziz to visit Beijing.