The world is heading for a 2.8°C rise in global warming by 2100 unless governments urgently improve their emissions targets, the UN warned, otherwise the window of opportunity to take the required climate action will slam shut.
The war in Ukraine has prompted new investment in green hydrogen to reach over $73bn as costs fall, making fossil fuel-produced hydrogen uneconomic as gas prices soar.
The board of the Central Bank of Russia (CBR) resolved to maintain the key interest rate flat at 7.5% at the policy meeting of October 28, making no key rate cut for the first time in six months, as expected by the market.
"America has nothing to offer the world except domination." Russian President Vladimir Putin railed against the US and its allies in the West and called on the other countries in the non-aligned world to join Russia in building a new multipolar world
Global carbon emissions will peak in 2025 as the world reaches a “historic turning point” and governments pour investment into renewables to counteract the energy crisis that has gripped the world this year.
The combined climate pledges of 193 governments would limit global warming to 2.5°C by 2100, way above the Paris Agreement goals of 1.5°C.
Russian industrial output in September 2022 declined by 3.1% year on year versus a 0.1% y/y decline in August, according to the latest data from RosStat statistics agency.
The question in the title is perhaps a strange one to ask at a time when these two countries seem so powerful and aggressive, the former attacking Ukraine, the latter threatening to take Taiwan. But maybe they have reached their zenith.
More than six weeks into Russia’s invasion of Ukraine, there’s no end in sight to the conflict that has shaken the world to its very core. The war is also having major repercussions on food security.
Warsaw fears new migration crisis after Russia reportedly opened the Kaliningrad exclave to flights from the Middle East and Asia.
Gas prices have been falling fast in the last few weeks as EU storage tanks are nearly full.
Russia and China are the dominant trade and investment partners for Central Asian countries. But their dominance in the region is now being challenged by Turkey and Iran in a return to the "Great Game."
While support for Ukraine remains high overall in the United States eight months into the war, Americans’ wallets are feeling the pinch of rising fuel and gas prices following heavy sanctions against Russia.
Moscow accuses Kyiv of plotting to detonate a “dirty bomb” in a false-flag attack on its own territory, despite not providing any evidence to prove the claim.
Delay to onset of heating season helping to protect European gas stocks despite weak flows of Russian gas.
More than half of Ukraine’s energy facilities have been damaged after massive Russian strikes over the weekend, Ukraine Business News reported on October 24.
Russia struck Ukraine’s key civilian infrastructure on October 4, destroying power plants and plunging half the country into darkness. Low on missiles, Moscow bought hundreds of Iranian Shahed 136 kamikaze drones and now may buy ballistic missiles.
The Russian poultry industry will be hit hard by the sanctions for the military invasion of Ukraine, with little alternative sources to imported feed additives, egg-hatching equipment, packaging and labels.
The International Monetary Fund has said that it expects inflation pressures to be significant around the world in 2022. Inflation is predicted to be worse in developing economies, where price increases are projected to reach 9.9% on average.
While Vladimir Putin has imposed martial law in the four occupied Ukrainian regions, his latest decree has also introduced a legal base for an effective economic martial law for all of Russia with the establishment of the Coordination Council.