Indonesia Will Move its Capital from Fast-Sinking Jakarta

Indonesia’s president elect announced plans this week to move the country’s capital away from Jakarta, reportedly the fastest sinking city in the world. A 2018 report said that Jakarta, located on the island of Java, was one of the global cities most vulnerable to sea level rise caused by climate …

Kazakhstan to Add 2 GW of Renewables by 2020 – Report

Renewable energy facilities totalling 2 GW are set to be commissioned in Kazakhstan by end-2020, the Astana Times reports, citing energy minister Kanat Bozumbayev. The capacity will come from about 52 of renewable energy projects that will add to the 55 already operational plants in the country with a combined …

EBRD and AIFC Launch Study for Green Financial System in Kazakhstan

In a new step to support Kazakhstan’s path towards a greener economy, the European Bank for Reconstruction and Development (EBRD) is launching a study that will assess the potential of developing a green financial system for the country. A system of this kind would boost financing for “green” projects in …

OPEC and non-OPEC Ministerial Meeting

Following the ‘Vienna Agreement’ decided upon at the 171st Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) on 30th November, 2016, Ministers from OPEC met with a number of Ministers from non-OPEC oil producing countries on Saturday, 10th December, at the OPEC Secretariat in Vienna. …

Holding the line

The issue that currently dominates the outlook for the oil market is the outcome of OPEC’s ministerial meeting in Vienna on 30 November. It has only been two months since OPEC last met in Algiers and announced it would examine how to set up a production ceiling of between 32.5 …

1st Meeting of the High-level Committee of the Algiers Accord – OPEC and Non-OPEC...

The OPEC High-level Committee, established by the Algiers Accord, met with non-OPEC oil producing countries on Saturday, 29 October, at OPEC headquarters in Vienna.  It was preceded by the first High-Level Committee Meeting, held Friday, 28 October, among OPEC Member Countries. In addition to OPEC Member Countries, six non-OPEC countries …

World Energy Council Notes Key Role of Nuclear Power

Unexpectedly high growth in the renewable energy market, in terms of investment, new capacity and high growth rates in developing countries have contributed to a change in the energy landscape, the latest World Energy Resources report released by the World Energy Council (WEC) yesterday shows. However, it says nuclear energy …