The Search of the Oil Giants in the Depths: a Dilemma in the Face of Climate Impacts
Offshore exploration and drilling activity for oil and gas rebounded in May to pre-pandemic levels, according to an analysis of data by oil services firm Baker Hughes. The number of drilling vessels increased by 45% compared to the low levels recorded in October 2020. This recovery indicates […]
Climate Change in the Middle East and North Africa: Energy Challenges and Climate Collaboration
The Middle East and North Africa region known as MENA, encompasses countries such as Saudi Arabia, Algeria, Egypt, United Arab Emirates, Iran, Iraq, Morocco, Israel, Lebanon, Tunisia, among others. This region faces significant challenges due to climate change, impacting its energy systems that are already struggling to meet the demands of economic growth, energy security […]
Tighter UK Emissions Cap: Energy, Industry and Aviation
UK Emissions Trading Authority (UK ETS) announces sweeping measures to impose stricter emission caps on energy sectors, energy intensive industries and aviation from 2024. These reforms aim to encourage the transition to energy sources cleaner, reduce carbon footprint and increase […]
EU Plans to Abandon International Energy Treaty in Response to Climate Concerns
The European Commission is in the process of drafting a proposal aimed at the collective withdrawal of European Union (EU) countries from an international energy treaty, in response to climate concerns. This initiative comes amid commitments already made by some governments to leave the bloc in order to address […]
Renewable Energy Integration Program Provides US$ 70 Million in Investments
The Renewable Energy Integration Program (REI) Investment Plan, prepared in collaboration with the Ministry of Mines and Energy (MME) and the Ministry of Finance (MF), was approved by the Climate Investment Funds ( CIFs – acronym in English). The plan foresees an investment of US$ 70 million […]
