December 13, 2024, 7:31 pm

Saudis Resist Restating Fossil Fuel Transition Pledge at COP29

sarakhon desk
  • Update Time : Sunday, November 17, 2024

Russia Targets Ukraine Energy with Large-Scale Missile Attack

BBC News,

A massive Russian missile and drone attack targeted Ukraine’s power infrastructure, marking the largest assault since early September, according to Energy Minister German Galushchenko. Explosions were reported across the country, including Mykolaiv, where two fatalities occurred, and Odesa, which experienced a citywide blackout. Kyiv witnessed missile fragments falling, although no injuries were reported. Poland scrambled fighter jets to patrol its airspace in response to the attacks. Poland and allied forces commenced operations due to widespread missile strikes targeting western Ukraine. This attack highlights the ongoing vulnerability of Ukraine’s energy systems amidst the conflict.

Saudis Resist Restating Fossil Fuel Transition Pledge at COP29

Bloomberg,

Tensions have risen at COP29 in Azerbaijan, with Saudi Arabia resisting the restatement of a landmark pledge to transition away from fossil fuels. The U.S. and European negotiators emphasize recommitting to last year’s agreements on renewable energy and efficiency, while Saudi Arabia employs delaying tactics. The negotiations aim to replace the current $100 billion annual climate finance pledge with a significantly larger one, exceeding $1 trillion annually, to support green economies. Saudi Arabia, the largest crude exporter, advocates selective adherence to climate commitments, differing from the U.S. and EU’s collective approach. Meanwhile, debates over emission reduction strategies and funding contributions dominate the summit’s agenda.

Xi Jinping Pledges Cooperation with U.S. Amid Leadership Transition

Financial Times,

During the APEC summit in Lima, Peru, Chinese President Xi Jinping expressed willingness to work with incoming U.S. President Donald Trump to manage U.S.-China relations. Xi emphasized stability and cooperation, calling for mutual respect amidst competition. Biden and Xi reached an agreement on maintaining human oversight in nuclear weapon decisions, marking a significant bilateral milestone. The two leaders acknowledged ongoing divergences, including China’s support for Russia’s defense base. Trump’s impending presidency and tough appointments signal potential challenges, as both nations navigate contentious issues like advanced technology restrictions and geopolitical tensions in the South China Sea.

Brazil’s First Lady Clashes with Elon Musk Over Social Media Regulation

The Times of India,

Brazil’s First Lady, Janja Lula da Silva, criticized Elon Musk at a G20 event, emphasizing the need for social media regulation to curb misinformation. Referring to Musk, she stated, “I’m not afraid of you, f**k you, Elon Musk,” amidst laughter from the crowd. Musk, owner of X (formerly Twitter), responded with mocking laughter and predicted electoral loss for her allies. This exchange follows regulatory conflicts between Musk and Brazilian authorities, including platform suspensions and fines for failing to moderate misinformation. X’s operations in Brazil resumed after compliance with court orders, reflecting ongoing tensions over digital governance in the country.

Taiwan and Development Are China’s ‘Red Lines,’ Xi Tells Biden

Reuters,

Chinese President Xi Jinping reiterated to U.S. President Joe Biden that issues like Taiwan, democracy, and human rights remain non-negotiable “red lines” for China. Speaking at the APEC Summit, Xi warned against U.S. involvement in South China Sea disputes. While advocating for bilateral partnership, Xi criticized U.S. measures restricting China’s access to advanced technology. Biden emphasized the importance of avoiding conflict in U.S.-China competition. The dialogue reflects persistent geopolitical tensions, with both leaders acknowledging areas for cooperation despite fundamental differences.

Russia Cuts Gas to Austria Over Payment Dispute

Reuters,

Russia halted gas supplies to Austria’s OMV following a payment dispute, although volumes to Europe via Ukraine remain steady. Austria’s energy regulator confirmed the suspension but assured stable domestic supplies due to adequate reserves. The five-year transit agreement facilitating Russian gas through Ukraine to Austria, Slovakia, and others is set to end this year. This comes amid Europe’s efforts to reduce dependency on Russian gas following the Ukraine war. Austria’s OMV seeks to offset arbitration-awarded damages against Gazprom’s invoices, escalating the disagreement. With limited Russian gas routes remaining operational, Europe faces growing energy challenges.

Zhuhai Air Show Highlights Chinese Military Advancements

South China Morning Post,

The 2024 Zhuhai Air Show showcased cutting-edge Chinese military aviation technology, including the debut of the J-35A stealth fighter and the J-15D “Flying Shark,” hailed as the most advanced naval aircraft. Swarming drone systems and the supersonic “White Emperor” space fighter concept captivated attendees, underlining advancements in aerospace and combat technologies. Middle Eastern buyers showed heightened interest in Chinese military hardware as alternatives to U.S.-made weapons. The event reinforced China’s ambitions in military innovation and its growing influence in global defense markets.

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