Page 5 - Developing Nations News Today

In 2022, Brazilian oil and gas company Petrobras had 68 places staked out for oil exploration off the South American coast, searching for new reserves while spending $6.9 billion in oil development projects. About the same time, Algeria-based Sonatrach proclaimed its ambition to ramp up production to become a top five national oil company by 2030. And Abu Dhabi National Oil Co. opened 68 new gas stations in Saudi Arabia and the United Arab Emirates, noting in its 2022 annual report that there we...

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Over the past decade, Li ceded power within the CPC and as the leader that steered the economy: Instead of Li’s reform-focused policies, Xi’s statism took over. | World News

Climate aid to poor countries is dwindling at a time when developing nations are facing mounting risks from storms, floods, wildfires, drought, extreme temperatures and other environment-related climate crises, according to a report released Thursday by the United Nations.

India is pushing for the inclusion of developing nations, including itself, in the Loss and Damages Fund (LDF) discussions at COP 28, arguing that not only small island and least developed nations are affected by climate change. The LDF allocation is a contentious issue, with developed and developing countries at odds over its management, and it will be a crucial topic for COP 28.

Setting up a "loss and damage" fund for poorer nations hit by climate change dominated preliminary talks on Tuesday one month before COP28 in Dubai, where delegates look set to tussle over the future of fossil fuels.The agreement to set up a dedicated fund to help vulnerable countries cope with climate "loss and damage" was a flagship achievement of last year's COP27 talks in Egypt. 

The global infection control supplies market is growing at a CAGR of 3.4% from 2022 to 2030....

An analysis of past UN conference presidencies suggests the 2023 summit’s agenda would do more to accelerate the transition away from fossil fuels.

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Dr Joyeeta Gupta, an environmental scientist, questions the lack of action from Global South countries in pushing richer countries to take stronger measures. | Latest News India