Energy Transition' Future: Fractured, Bumpy and Long
As COP30 kicks off its second week in Brazil, much has changed since the landmark Paris climate agreement was penned 10 years ago.The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest polluters.The landmark UN COP21 climate agreement signed in Paris on December 12…
China finds bigger role as US sidesteps Brazil climate summit
China has stepped into the spotlight as a leader of the global warming fight, with the United States missing the U.N.'s annual climate summit in New York for the first three decades. The country's pavilion dominates the entrance of the sprawling COP30 grounds in Brazil’s Amazonian city of Belem. Executives from its largest clean energy companies present their visions of a greener future in English to large audiences…
Orplana CEO: Sugarcane farmers in Brazil's key region are feeling the pinch of low prices
Sugarcane growers in Brazil's central-south region feel the pinch due to low sugar prices. They do not want their crops to expand and may even reduce the area they plant with the crop. Jose Nogueira is the CEO of the cane growers association Orplana. He said this on Friday. Last week, raw sugar futures reached a low of 14,04 cents per lb.
COP30: Brazil seeks biofuel boom, but critics query climate impact
Timothy Searchinger is a senior research scholar from Princeton University. He said that when land produces fuel instead of food someone else will have to clear more land or eat less. Biofuels are counted at zero, so countries believe that they have cut emissions. He said that in reality, the pressure is shifted onto food and land systems. India has already shown signs of this pressure.
Profits at Vallourec rise as expected due to higher sales prices
French steel tube maker Vallourec announced a 12.3% increase in its core profit for the third quarter on Friday. This was within its own range of guidance, and was aided in part by higher prices as well as a slight rise in volume. The company's EBITDA (earnings before interest, tax, depreciation, and amortization) increased to 210 millions euros (245 million dollars) during the period July-September…
TotalEnergies considers selling some Asian renewable energy assets
A spokesperson for TotalEnergies said that the company is considering selling some renewable energy assets located in Asia as a way to reduce its debt. Bloomberg first reported the news that the assets in question could be worth several hundred millions of dollars. The spokesperson confirmed this. Patrick Pouyanne, CEO of TotalEnergies…
Made in Nigeria: Africa's drive to become a solar superpower
In pink overalls they pack the tested products to be shipped from the Salpha Energy solar assembly plant near Calabar, West Africa. It's not happening at home anymore. Salpha Energy, which began in 2017, has produced solar power systems for over two million Nigerian households and businesses. It aims to produce up to 300,000. Salpha Energy is part and parcel of the green leadership that Africans attending the U.N.
IEA Predicts World Oil, Gas Demand Could Grow Until 2050
Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition to cleaner fuels following U.S. criticism about its climate focus.The Paris-based energy security watchdog also predicted in its annual outlook that the world will likely fail to…
At COP30, California Governor Newsom blasts Trump for 'dumb' US climate policy
California Governor Gavin Newsom told an audience at the COP30 Climate Summit in Brazil that California would continue to prioritize the use of green technology while criticizing U.S. president Donald Trump's decision to reverse federal government policy on climate change. He lamented, at a meeting with Germany's Vice Minister for Climate and other state officials…
Newsom assures California's climate'reliable partners' at the COP30 summit in Brazil
California Governor Gavin Newsom arrived in Belem, an Amazonian city, with a message to the COP30 Summit: despite Washington's abandonment the state will remain a "reliable" partner on climate policy and eco-technology. Newsom, a strident opponent of U.S. president Donald Trump, has been hinting at a presidential run in 2028 for months.
Datagro reduces sugar surplus forecast by 1 million tonnes on Brazil and India
Datagro, a consultancy, said that the global sugar market will have a smaller than expected surplus for 2025/26, which began in October, due mainly to production cuts made in Brazil and India. Datagro announced in a conference call with its clients that they were reducing their estimate of the global sugar surplus for 2025/26 to 1 million metric tonnes, down from 2.8 millions tons previously forecast.
Analysis finds that China's CO2 emission hasn't increased in 18 months.
Carbon Brief's analysis found that China's carbon dioxide emission was flat on an annual basis in the third quarter. This extends a streak of 18 months with flat or declining emissions. Lauri Myllyvirta, of the Centre for Research on Energy and Clean Air in Helsinki, said that the trend started in March 2024 and could mean CO2 emissions will fall this year if there is no year-end spike.
What is climate financing and why is it important?
Money is needed by countries that want to switch to clean energy and prepare for the extreme weather conditions, as well as other effects of a warming world. Climate finance is becoming more controversial as the risks and costs of global warming increase. What is climate finance? This is all the funding that comes from governments, banks for development…
Brazilian plants approved to export sorghum and distillers grains to China
The Brazilian Agriculture Ministry announced on Monday that Brazil had received approval to export dried distillers grains and sorghum to China. China has given the green light to 10 Brazilian plants for the export of sorghum. Five were also cleared to ship DDG and DDG solubles, which are used in animal feeds, to China. China is Brazil's largest soybean buyer.
Indigenous leaders from the Amazon to the Andes bring their demands to COP30
A boat with dozens of Indigenous Leaders arrived in Belem a few days before the UN's COP30 Climate Summit. They had traveled for weeks, from a glacier on the Andes mountains to Brazil's tropical coastline. They wanted to have a bigger say in the management of their territories, especially as climate change continues to escalate and other industries…
Indigenous leaders from the Amazon to the Andes bring their demands to the COP30
A boat with dozens of Indigenous leaders landed at Belem, Brazil, a day before the United Nations COP30 Climate Summit. They wanted to have a bigger say in the management of their territory, especially as climate change continues to escalate and more industries, such as mining, oil drilling, and logging, are pushing deeper into forests.
India must double its sugar exports due to a surplus that is growing as a result of lower ethanol production
Industry officials stated on Thursday that India should double its sugar allocation for export to 2 million metric tonnes in the new season. This is because a lower sugar diversion rate to ethanol production will result in a greater domestic surplus. Sugar futures in New York and London could be impacted by higher exports from the second largest sugar producer in the world.
Bunge's strong processing margins and Viterra's boost to profits helped it beat profit expectations
Bunge Global beat Wall Street expectations for adjusted third-quarter profit on Wednesday, as its acquisition of Viterra in the first quarter increased volumes and improved oilseed processing margins. Bunge's soybean refining and processing segment saw a boost in results after the bumper crop in Argentina and Brazil, and because China, which is Bunge’s top soy buyer, shunned U.S. soybeans due to trade tensions.
Demand increases and spot prices increase sharply as renewables decline.
The price of European prompt electricity rose on Wednesday as the wind and solar energy generation declined while the colder weather pushed up demand. Riccardo Paraviero, LSEG analyst, said that the future outlook was bullish. The main signal is a significant increase in residual load in Germany. LSEG data shows that the French day-ahead…
BP profits beat expectations but there is no news about Castrol sale
Oil major BP announced a smaller-than-expected fall in its third quarter underlying profit Tuesday, as a good performance across all divisions, led by refinery helped offset the impact from lower crude prices. There was no news on the sale of Castrol Lubricants, which is the centerpiece of the $20 billion asset-sale campaign to reduce its debt.