Prøve GULL - Gratis

More promises as COP30 'global mutirao unites world for faster climate action

Oil and Gas News

|

December 2025

The Belem summit delivered a minimal foundation for action, far too slow and weak to match the climate crisis urgency, confirming the persistent chasm between ambition and real emission cuts

More promises as COP30 'global mutirao unites world for faster climate action

THE COP30 climate summit in Belem, Brazil, concluded with a voluntary plan to curb fossil fuels, a goal to triple adaptation finance and new efforts to strengthen climate targets, falling short of what many climate-vulnerable nations had demanded.

After all-night negotiations in the Amazonian city, the Brazilian presidency released a final package termed the “global mutirao”, meaning “collective efforts”, which drew together controversial issues that had divided the fortnight of talks.

A mechanism to help ensure a just transition globally and a set of measures to track climate-adaptation efforts were among COP30's notable outcomes.

COP, or Conference of the Parties, is the supreme decision-making body of the United Nations Framework Convention on Climate Change (UN-FCCC), an international treaty adopted in 1992 to combat climate change.

It brings together representatives from nearly 200 countries (the “Parties”) annually to assess progress, negotiate new commitments, and adopt legal instruments aimed at reducing greenhouse gas emissions and adapting to climate impacts.

The most famous outcomes include the Kyoto Protocol (COP3, 1997) and the Paris Agreement (COP21, 2015).

COP30 saw 56,000 registered delegates attend the summit in Belem.

ADAPTATION FINANCE FALLS SHORT OF AMBITIOUS TARGETS

The key global mutirao decision calls for efforts to triple adaptation finance by 2035.

This followed a request from least-developed countries for a target to triple adaptation finance to $120 billion by 2030.

In 2021, a target to double adaptation finance to $40 billion by 2025 was agreed at COP26 in Glasgow.

FLERE HISTORIER FRA Oil and Gas News

Oil and Gas News

Adnoc Drilling to buy 80pc stake in MBPS

ADNOC Drilling Company has entered into definitive agreement to acquire 80 per cent of MB Petroleum Services (MBPS), one of the leading drilling and oilfield services (OFS) providers in the region with operations in Oman, Kuwait, Saudi Arabia and Bahrain.

time to read

1 min

December 2025

Oil and Gas News

IEA reverses oil demand peak forecast amid policy shifts

THE International Energy Agency (IEA) has dramatically revised its energy outlook, now projecting that oil demand could continue growing through to 2050 rather than peaking by 2030 as previously forecast.

time to read

1 min

December 2025

Oil and Gas News

Oil and Gas News

GPCA Forum to highlight collaboration

THE Gulf Petrochemicals and Chemicals Association (GPCA) will hold its 19th Annual GPCA Forum around the theme \"Catalysing Competitiveness through Strategic Partnerships,\" highlighting the importance of collaboration, innovation, and sustainability in the global chemical industry.

time to read

1 mins

December 2025

Oil and Gas News

Oil and Gas News

Aramco seals $30bn deals, MoUs with US firms

ARAMCO has announced 17 Memoranda of Understanding (MoUs) and agreements with a potential total value of more than $30 billion with major companies in the US, through its Aramco Group Companies.

time to read

1 min

December 2025

Oil and Gas News

Oil and Gas News

Al, digital twins are modernising power systems, accelerating path to net-zero

The future energy operating system will use Al to predict and balance supply and demand, ensuring resilience, and enabling new energy markets

time to read

5 mins

December 2025

Oil and Gas News

Oil and Gas News

ITT completes $25m Saudi IP facility expansion

ITT has completed the second phase of a planned $25 million expansion of its Industrial Process (IP) manufacturing facility in Dammam, Saudi Arabia.

time to read

1 min

December 2025

Oil and Gas News

Oil and Gas News

Nuclear power hits record highs as industry eyes ambitious 2050 targets

Global nuclear generation reached unprecedented levels in 2024, whilst mounting pressure from data centres and climate commitments drives accelerated expansion plans

time to read

4 mins

December 2025

Oil and Gas News

Oil and Gas News

WFES will 'bridge' climate policy, action innovations

THE 18th World Future Energy Summit (WFES), held as part of Abu Dhabi Sustainability Week (ADSW) from January 13-15, 2026, is set to be the Middle East's platform for renewable energy, clean tech, and sustainable innovation.

time to read

1 min

December 2025

Oil and Gas News

Oil and Gas News

Swagelok's top 5 best practices for designing hydrogen fluid systems

With a complete suite of products and services for hydrogen applications, Swagelok helps build solutions more quickly, easily, and reliably

time to read

3 mins

December 2025

Oil and Gas News

Oil and Gas News

Oilfield complications in production wells: Practical application for ESP protection

Where conventional methods offer partial solutions, solid inhibitor containers, such as TRIL, have shown superior performance in mitigating scale, paraffin, and corrosion in wells, writes Stanislav Lialin, founder of L-Reagent

time to read

4 mins

December 2025

Listen

Translate

Share

-
+

Change font size