Energy
“Green” finance bankrolls forest destruction in Indonesia
Green funds have been spent cutting down trees for biomass to make electricity, decimating the traditional food sources of indigenous people
Restrictions on energy firm’s borrowing complicates South Africa’s energy transition
The South African government has told cash-strapped power company Eskom it can’t invest in new electricity generation
Rich nations “understanding” of South African delay to coal plant closures
Despite a multi-billion dollars clean energy transition deal, South Africa expects to keep coal plants running for longer while it battles electricity blackouts.
Study: Fossil fuel firms owe $209bn a year for climate damage
A multi-billion dollar reparations scheme has been proposed for fossil fuel companies to atone for the damage caused by their greenhouse gas emissions
Regulator blocks Brazilian oil drilling, sparking conflict within government
While President Lula’s environment minister Marina Silva supported the decision, Lula ally Randolfe Rodrigues vowed to oppose it
France proposes tax credits for green technology
France will spend €500m a year on tax credits for wind and solar power, heat pumps and batteries funded by a tax rise on carbon-intensive fuels
Local business group tries to keep South Africa’s coal plants alive
A business coalition in South Africa’s energy heartland is fighting against plans to shut down coal plants.
Cop28 moots oil and gas initiative despite greenwash accusations
Critics say a focus on just the emissions from producing oil and gas not consuming it is a distraction and that similar initatives have not worked
Nations split over fossil fuels and carbon capture
An agenda-setting gathering of climate ministers saw continuing disagreement over the need for fossil fuels phase-out and the role of technology
Europe’s push for global renewables target gains support
The UAE has backed the EU’s call to set a global target for the renewable roll-out at the Cop28 climate talks
