Countries consider pact to reduce plastic production by 40% in 15 years 30/4/2024

Countries are for the first time considering restrictions on the global production of plastic – to reduce it by 40% in 15 years – in an attempt to protect human health and the environment. ...more

G7 discussing 2035 end date for coal-fired power plants, source says 30/4/2024

Energy ministers from the Group of Seven wealthy countries meeting in Italy are discussing setting a common target date of 2035 to shut down their coal-powered power plants, a source close to the matter told Reuters on Monday. ...more

African leaders seek record World Bank financing to combat climate change 30/4/2024

African leaders on Monday called for rich countries to commit record contributions to a low-interest World Bank facility for developing nations that they rely on to help fund their development and combat climate change. ...more

Norway wealth fund falls short on its climate ambitions, NGO says 30/4/2024

Norway's $1.6 trillion sovereign wealth fund, the world's largest, falls short on its climate ambitions by failing to back multiple shareholder proposals pushing oil companies to cut their greenhouse gas emissions, an NGO report said on Monday. ...more

Taxing big fossil fuel firms ‘could raise $900bn in climate finance by 2030’ 30/4/2024

A new tax on fossil fuel companies based in the world’s richest countries could raise hundreds of billions of dollars to help the most vulnerable nations cope with the escalating climate crisis, according to a report. ...more

Saudi Energy Minister: We Aim to Boost Oil, Gas Production, Plan to Export Hydrogen 29/4/2024

Custodian of the Two Holy Mosques, King Salman bin Abdulaziz stressed that Saudi Arabia is making major and lasting progress with its Vision 2030 national transformation plan. ...more

COP29 climate summit host Azerbaijan defends oil and gas investments 29/4/2024

Azerbaijan, host of this year's U.N. climate summit, will defend the right of oil and gas producing nations to invest in the sector, the country's president said on Friday, noting that despite climate targets, fossil fuel demand remains strong. ...more

Climate change a matter for politicians, not central banks: SNB 29/4/2024

Climate protection is very important for the Swiss National Bank, but the issue should be tackled by politicians rather than central banks, SNB Chairman Thomas Jordan said on Friday. ...more

OMV and Borealis sign long-term supply agreements with TOMRA for recycling feedstock produced from mixed waste 29/4/2024

OMV and Borealis have entered into long-term feedstock supply agreements for their recycling facilities with TOMRA Feedstock, a subsidiary of leading sorting technology producer TOMRA. These agreements ensure a consistent supply of sustainable and high-quality raw materials for OMV Group’s recycling operations. OMV will process feedstock supplied from TOMRA Feedstock plants in its ReOil® plants in Austria, while Borealis will process feedstock produced by TOMRA at its mechanical recycling operations in Europe.  The feedstock will be produced from mixed post-consumer plastic material otherwise lost to landfill and incineration at a first-of-its-kind sorting facility currently being developed by TOMRA in Germany. By contributing to the OMV Group’s strategic targets of producing circular products and solutions, these agreements play a crucial role in closing the loop in plastics to accelerate the transition to a circular economy. ...more

Conservation slowing biodiversity loss, scientists say 29/4/2024

Conservation actions are effective at reducing global biodiversity loss, according to a major study. ...more