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Environment

Biden welcomes ‘historic’ COP28 deal, cites work needed to reach climate goals

WASHINGTON (Reuters) - U.S. President Joe Biden welcomed the agreement reached at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels, calling it a "historic

Petrobras expects to make first Amazon mouth drill in 2024, CEO says

SAO PAULO (Reuters) - Brazilian state-run oil company Petrobras expects to make its first drill near the mouth of the Amazon River in 2024, its chief executive said on Wednesday, as the firm awaits

Saudi Arabia backs COP28 deal, praises flexible approach

By Maha El Dahan and Yousef Saba DUBAI (Reuters) -Saudi Arabia's energy minister Prince Abdulaziz bin Salman said on Wednesday that Riyadh supported the final COP28 deal as it leaves countries to

Analysis-COP28 calls for adapting to warmer world without resolving how to pay

By Simon Jessop, David Stanway and Kate Abnett DUBAI (Reuters) - How to adapt to the impacts of climate change was one of the many difficult questions addressed at the COP28 talks in Dubai - and how

Takeaways from the COP28 climate deal

By Richard Valdmanis DUBAI (Reuters) - Nations struck a historic deal on Wednesday at the COP28 climate summit in Dubai to transition the global economy away from fossil fuels, following two weeks of

Saudi energy minister: in agreement with COP28 presidency on final deal

By Maha El Dahan and Nadine Awadalla DUBAI (Reuters) - Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman said on Wednesday he was in agreement with the COP28 presidency on the final deal

Analysis-COP28 kicks carbon trading down the road as EU blocks deal

By Jake Spring, Kate Abnett and Sarah McFarlane DUBAI (Reuters) - U.N. climate talks failed on Wednesday to seal a deal on new rules which would allow the launch of a central system for countries and

200 countries adopt ‘historic’ COP28 deal calling for transition away from fossil fuels for 1st time

Though the 2-week climate summit ended with adoption of 'Global Stocktake' text, some say actual resolution is 'marred by loopholes', giving fossil fuel industry 'numerous escape routes'.

Indonesia’s Marapi volcano spews ash clouds a week after deadly eruption

JAKARTA (Reuters) - Indonesia's Marapi volcano spewed clouds of ash half-a-kilometre high into the sky on Wednesday, the country's volcanology agency said, a week after eruptions killed 23 climbers.

A quarter of freshwater fish risk extinction -study

By Emma Farge GENEVA (Reuters) - About a quarter of all freshwater fish species are at risk of extinction due to threats from climate change and pollution, the latest Red List of Threatened Species

On Camera

Hormuz crisis won’t replace the dollar with yuan. De-dollarisation is a myth

Recent data does not support any dramatic shift away from the dollar. As per IMF, the share of international transactions conducted in dollars has declined from 56.90% to 56.77%.

Haryana’s new industrial policy in the works, but industry says old problems remain unsolved

Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.

Military pushes for private participation in space, more Indian satellites. ‘Can’t rely on single entity’ 

CDS Anil Chauhan says future space capability will not be built by government agencies alone. ‘It will be co-developed with industry, start-ups, and technology innovators’.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.