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Ecopetrol to proceed with drilling for Caldas geothermal project, Colombia

ThinkGeoEnergy

This will require an investment of about COP 98 billion, or close to USD 25 million. The power plant will require an investment of about COP 656 billion (approx. Drilling the two exploratory wells will help the partners more accurately determine the size of the geothermal resource, as well as characterize the reservoir and its fluids.

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After Violent Clashes of 2019, Investors Reassess Chile’s Prospects for Renewable Energy

GreenTechMedia

Chile was forced to give up hosting the COP 25 United Nations Climate Change Conference in December after cost-of-living protests that started in the capital, Santiago, in October spread to other cities. COP 25 was ultimately held in Spain. Violent clashes with police left 29 dead.

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WWF: Environmental degradation on course to cost global economy £8tr

Business Green

Water shortages and a decline in pollinators will affect agricultural production levels, trade, and food prices across Eastern and Western Africa, central Asia and parts of South America, the study predicts. The study also estimates economic costs arising from the loss of specific ecosystem services.

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The COP28 pledge to triple up by 2030 and implications for geothermal

ThinkGeoEnergy

Tripling the world’s renewable energy production to 11,000 GW by 2030, coupled with doubling energy efficiency, is the most impactful action to rapidly decarbonize this decade, as highlighted in the pre-COP report by the GRA, the COP28 Presidency and IRENA.

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COP26 a washout? Don’t lose hope – here’s why

Renewable Energy World

Since the last climate conference took place in Madrid in 2019, we’ve seen wildfires in Greece, Australia, Canada, and South America, biblical floods in China, the UK, Germany and America, and record-breaking hurricanes, cyclones, and tornadoes across the globe. gap is closed”.

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Governments Are Sending Oil Executives to COP26 Despite Climate Pledges. Here’s a Look at the Fossil Fuel Influence in Glasgow

DeSmogBlog

Fossil fuels are everywhere at this COP except in the decisions being negotiated by governments,” Nikki Reisch, the director of climate and energy at the Center for International Environmental Law, wrote to DeSmog from Glasgow.

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A deforestation roadmap that leaves a lot to be desired

Business Green

In my eyes, that certainly doesn't merit a big COP announcement. While the palm oil commitment requires zero deforestation in all sourcing regions, soy and cattle mainly focus on South America's Amazon, Cerrado and Chaco regions. The roadmap's definitions also bring up a geography question.