China reaches 2020 carbon target before the schedule

30/03/2018 15:24 CO2


China has achieved its carbon emissions goal for 2020 three years before the schedule.

At the end of the last year, China had cut emissions by 46% per unit of GDP compared to 2005 levels, accomplishing its commitment for 40% to 45% by the end of the decade.

This achievement was backed by its carbon trading system, which was instituted in 2011 and comprises electricity generation, iron and steel production as well as cement manufacturing located in seven provinces and municipalities.

The development offers a strong support to the Paris climate agreement, which targets to limit global average temperature rise to well under 2°C.

Daily (13.08.2018): Oil prices rose on Friday, but posted weekly declines due to global trade disputes

13/08/2018 13:25:00

Oil crude prices surged on Friday, on predictions of lower supply following U.S. sanctions against Iran. Brent crude closed 1% higher at $72.81 a barrel. Meanwhile, WTI crude soared by 1.2% to end at 67.63% a barrel, posting nevertheless a 1.2% decline week-on-week, on global trade disputes that might slow economic growth and reduce demand for energy.


Russia agrees with four nations to divide resources beneath Caspian Sea

13/08/2018 09:14:00

Iranian President Hassan Rouhani, Azeri President Ilham Aliyev, Kazakh President Nursultan Nazarbayev, Russian President Vladimir Putin and Turkmen President Kurbanguly Berdymukhamedov walk on the embankment of the Caspian Sea following the Fifth Caspian Summit in Aktau, Kazakhstan August 12, 2018.


Nord Stream 2 natural gas pipeline offers 'alternative route' to Danish authorities

13/08/2018 09:08:00

Nord Stream 2 AG has handed in an application and an Environmental Impact Assessment report to the Danish Energy Agency for an alternative route for the 55 Bcm/year twin natural gas pipeline delivering Russian gas to Germany, the company said in a statement.