OPEC on Thursday cut its forecast for growth in world oil demand in 2022 for a second straight month, citing the impact of Russia’s invasion of Ukraine, rising inflation and the resurgence of the Omicron coronavirus variant in China. The Organization... 

Iran’s oil minister has agreed to revive a long-stalled project to lay an undersea pipeline to carry gas to Oman, the Iranian state news agency IRNA reported on Saturday. Iran has one of the world’s largest gas reserves, followed by Oman... 

Increasing concerns over energy security and climate change will mobilize record levels of new capacity to generate renewable energy in 2022, according to the International Energy Agency’s forecasts. The IEA estimates that 320 gigawatts will be... 

The European Commission plans to unveil a 195 billion euro plan to stop importing Russian fossil fuels by 2027, combining a faster rollout of renewable energy and energy savings with a switch to alternative gas supplies, draft documents show. The draft... 

Japan’s public and private sectors will need to invest a total of 150 trillion yen ($1.2 trillion) in decarbonisation over the next 10 years to help achieve the nation’s ambitious goal of becoming carbon neutral by 2050, the industry ministry... 

Amplifying calls for greater ambition on climate change and other environmental challenges in Turkey and around the world, the United Nations Development Programme (UNDP) and the Consulate General of Sweden in Istanbul organized a reception yesterday... 

Japan’s Prime Minister Fumio Kishida said on Thursday that it would use nuclear reactors to help reduce its own and other countries’ dependence on Russian energy. Japan has become more reliant on Russian gas since shutting down nuclear reactors... 

Germany wants to build four instead of three floating storage and regasification units (FSRUs) as it strives to replace Russian gas with liquefied natural gas (LNG) that can be sourced from many countries, the economy ministry said on Sunday. Chancellor... 

Carbon pricing, whether through trading or taxes, is considered one of the most important policies to reduce emissions. A price on carbon increases the operating costs of high carbon fuels relative to lower-carbon alternatives. This post introduces an... 

OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China. In a monthly report,... 

According to the International Renewable Energy Agency (IRENA), solar energy now accounts for 28% of the world’s renewable electricity generation capacity, just ahead of wind with 27%. This time last year, the two were evenly matched at 26% each. Solar... 

The U.S. Transportation Department said on Thursday it would award $6.4 billion over 5 years to states to fund projects to reduce greenhouse gas emissions. The funding, part of a $1 trillion infrastructure bill approved by Congress in November, will help...