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The Latest Breaking News from IEA

'It's Finished!': IEA Boss Says COP28 Bid Farewell To Fossil Fuels

While the UN's COP28 climate summit marked a pivot moment, when the world pledged to say "goodbye" to fossil fuels, International Energy Agency chief Fatih Birol told AFP on Friday, it needs to now urgently boost finance for the energy transition in developing countries.

International Business Times

Coal Use Hits Record In 2023, Earth's Hottest Year

Global consumption of coal reached an all-time high in 2023, the IEA energy watchdog said Friday, as Earth experienced its hottest recorded year.

International Business Times

Global coal use to reach record high in 2023, energy agency says

IEA report says demand is expected to grow in India, China but decline in United States, European Union.

Al Jazeera

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Oil Soars as Dollar Weakens, IEA Boosts Demand Forecast

Oil prices glisten and ascend in response to a softer dollar combined with the IEA's performance-enhancing tweak to global demand estimates.

Top News

OPEC+ Cartel's Grip On Oil Market Loosening: IEA

Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said on Thursday.

International Business Times

Carbon Causes Climate Change. Why Does a California County Want to Make More?

Kern County wants to use billions in federal tax credits to collect and bury carbon. To do so, it would build new facilities to produce more of the most abundant greenhouse gas.

Capital & Main

We really could triple renewables by 2030, but it won’t be a breeze

The prospect of halving demand for coal is a goal worth striving for, but governments must stay the course

The Guardian - UK

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Access to modern stoves could be a game-changer for Africa’s economic development–and help cut the equivalent of the carbon dioxide emitted by the world’s planes and ships

What’s shocking is that the tools to improve the situation are readily available and affordable, say the heads of the IEA and the African Development Bank.

Fortune

With COP28 Underway, How Can Specialized Recruitment Agencies Help Companies Navigate ESG And Sustainability Talent Shortages?

The demand for ESG and sustainability professionals is booming, but finding talent is difficult. However, working with recruitment agencies specializing in the industry can mitigate these problems.

International Business Times

‘A matter of survival’: India’s unstoppable need for air conditioners

Access to sufficient cooling could further drive up the already rampant inequality in the country

The Guardian - UK

3 Coal Stocks With Potential Wins for December

Despite global efforts toward renewable energy, the tenacity of coal consumption appears to persist. Thus, it seems wise to invest in stalwart coal stocks like SunCoke Energy (SXC), CONSOL Energy (CEIX), and China Shenhua Energy (CSUAY) to harness potential gains this month. Read more….

StockNews.com

COP28 president is wrong – science clearly shows fossil fuels must go (and fast)

According to the president of COP28, the latest round of UN climate negotiations in the United Arab Emirates, there is “no science” indicating that phasing out fossil fuels is necessary to restrict global heating to 1.5°C.

The Conversation

At UN climate talks, fossil fuel interests have hundreds of employees on hand

At least 1,300 employees of organizations representing fossil fuel interests registered to attend this year’s United Nations climate talks in Dubai

The Independent UK

Over 110 Countries Support Tripling Renewables By 2030: EU Chief

More than 110 countries want the COP28 climate negotiations to adopt a goal of tripling renewable energy and doubling energy efficiency by 2030, European Commission President Ursula von der Leyen said Friday.

International Business Times

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International Business Times

COP28 Puts Spotlight On State Oil Giants

Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but a less visible lineup of powerful state companies dominates the industry.

International Business Times

Hundreds Of New Oil And Gas Projects Approved Despite Climate Crisis

More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all new hydrocarbon development, new figures showed as the UN COP28 climate talks opened Thursday.

The Guardian - UK

Ukraine war has marked a turning point in Europe’s gas consumption, says IEA

Global energy watchdog says Russia cutting supplies has prompted efficiency upgrades and move to heat pumps

International Business Times

OPEC Lashes Out At IEA's Fossil Fuel Warning As International Climate Summit Looms

OPEC's Secretary General loudly defended continued investments in oil and gas on Monday, just days before the beginning of COP28 in Dubai.

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The Guardian - UK

‘It’s like buying an iPhone and not having a cable’: UK’s bid for net zero in the balance due to grid ‘blind spot’

As well as more clean energy, Britain (and the world) needs miles of extra cable to carry it. But a global shortage of components and skills means efforts to meet climate targets will go down to the wire

The Guardian - UK

First Thing: Dutch election results put Geert Wilders’ far-right party in lead

European far-right leaders celebrate success of Wilders’ Party for Freedom, which has won 37 seats. Plus, welcome to the world of gossip surveillance

The Independent UK

To save the climate, the oil and gas sector must slash planet-warming operations, report says

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extremes fueled by human-caused climate change

The Guardian - UK

Companies still investing too much in fossil fuels, global energy watchdog says

Head of International Energy Agency says the industry faces a ‘moment of truth’ as Cop28 talks approach

StockNews.com

Top 5 Coal Stocks to Buy This Month

In a rapidly evolving global energy landscape, coal maintains its position, showcasing resilience. Therefore, fundamentally strong coal stocks Yankuang Energy Group (YZCAY), SunCoke Energy (SXC), Warrior Met Coal (HCC), CONSOL Energy (CEIX), and China Shenhua Energy (CSUAY) might be ideal buys this month. Read more.

StockNews.com

3 No-Brainer Oil & Gas Stock Buys for November

Despite the gradual transition to greener sources of energy, oil and gas demand is unlikely to show signs of slowing down. This, along with supply disruptions, will likely drive prices higher. Given this backdrop, it could be wise to buy fundamentally strong oil and gas stocks Enterprise Partners (EPD), Cheniere…

The Guardian - UK

‘I cannot stress too much about it’: Monaco yacht buyers shrug off climate concerns

At annual yacht show, only a handful of customers said they were troubled by vessels’ disproportionate carbon footprint

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