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Sibanye-Stillwater increases its shareholding in Keliber to 84.96%

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South Africa-based mining and metals group Sibanye Stillwater has increased its effective shareholding in Keliber Oy to 84.96%. At the end of June 2022, Keliber announced a financing arrangement that enables the lithium project to progress to the construction phase. Earlier post.) Earlier post.).

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Shipping industry, Oxfam and WWF call on COP 17 delegates to provide IMO with clear guidance on reducing shipping GHG emissions; potential for contributing to Green Climate Fund

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This includes the possibility of the adoption by IMO of a compensation mechanism through which a significant share of any revenues collected from international shipping could be directed to developing countries and provide a new source of finance to support their efforts to tackle climate change.

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Volkswagen plans integrated mobility concept in Rwanda; vehicle production in Kenya

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Volkswagen is taking a further step to develop market potentials in Africa. Volkswagen South Africa is forging ahead with this initiative in Rwanda together with Volkswagen’s Kenyan partner DT Dobie based on current experience from the establishment of production in Kenya. Rwanda does not have an established vehicle industry.

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Indo-US task force to study HFC phase-down

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Reifsnyder, in New Delhi, along with members of industry and civil society groups to discuss the HFC issue. The task force will include industry representatives, scientists, and government officials from India and the US to evaluate a phase-down of the production and use of HFCs under the Montreal Protocol.

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Energy ministers agree to help speed up global deployment of carbon capture and storage

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Recognize the potential of CCS for industrial emission sources and review demonstration opportunities. The World Resources Institute released a report titled CCS Demonstrations in Developing Countries: Priorities for a Financing Mechanism for Carbon Dioxide Capture and Storage.

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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.

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Summary of decisions from Durban climate conference

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Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. Governments, including 35 industrialized countries, also agreed to a second commitment period of the Kyoto Protocol—due to expire next year— from 1 January 2013. as possible, but not later than 2015.

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