UN receives official notice of US withdrawal from Paris climate agreement

10/08/2017 11:37 Legislation


The US has sent an official notice stating its intention to retreat from the Paris climate change agreement. UN Secretary-General António Guterres got the notification regarding US’ exit from the pact, unless more profitable conditions could be suggested. 

A country that has entered the Paris agreement has the right to withdraw from it three years after the date on which the deal enters into force in that country. 

The US entered the deal on 3rd September 2016, and it has entered into force on the 4th of November 2016.

A spokesman for the UN said the Secretary-General accepts any US effort to re-engage in the Paris Agreement, and that it is crucial that the US remain a leading figure in climate and sustainable development.

EU and Ukraine in tug of war over Naftogaz unbundling

19/07/2018 09:46:00

The European Commission has repeated its insistence on breaking up the Ukrainian national gas and oil monopoly Naftogaz, separating transmission from production and supply, which the country had agreed to as a condition for receiving massive Western financing. Vice President Maroš Šefčovič, in charge of the EU’s Energy Union, is in talks in Berlin with Russian and Ukrainian counterparts to try to solve disputes over future Russian gas shipments via Ukraine.


Investment in new nuclear declines to five-year low

19/07/2018 09:39:00

Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased.


EIB to back renewables in Belgium, Spain, Portugal

19/07/2018 09:32:00

The European Investment Bank (EIB) has approved more than EUR 3.4 billion (USD 3.96bn) in financing for clean energy projects globally, among which is an offshore wind farm in Belgium.