Renewable energy

COP29: Africa outraged by ‘insufficient’ $300bn climate change deal

African and other developing nations have rejected as “insufficient” a $300 billion deal on climate finance that was agreed by negotiators at the United Nations’s COP29 climate talks in Baku, Azerbaijan, to help developing nations adapt to climate change. Richer nations agreed to pay at least $300 billion annually until 2035 to help developing countries […]

Algeria’s energy revenues to plunge by $10 bln deepening financial crisis

Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]

ECJ’s political bias emboldens separatism in north Africa

The European Court of Justice has delivered a ruling stating that the EU trade deals with Morocco are invalid because they covered goods from the Sahara territory, in a verdict that emboldens separatism and undermines ties between the EU and its most stable partner in the southern Mediterranean. The ruling was more of a political […]