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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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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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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.

Energy 100
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Earth Day: Prime Minister urges world leaders not to 'throw away chance to preserve our planet'

Business Green

Speculation is continuing to mount over whether the two high profile summits will be able to proceed as planned, given the worsening coronavirus waves currently afflicting parts of Europe, Asia, Africa, and South America.

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WWF: Environmental degradation on course to cost global economy ÂŁ8tr

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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Reports: Johnson to push for 'Green Marshall Plan' at G7 Summit

Business Green

As such, the UK government is said to be working on plans for a new multibillion-pound green development bank that could both directly fund low carbon infrastructure projects across Asia, Africa, and South America, and underwrite private investment. The voice of vulnerable countries is really important at COPs," he explained.

COP 49
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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.