1. The benchmark Dutch TTF gas price is now at its highest since...

1. The benchmark Dutch TTF gas price is now at its highest since late October 2023. It closed last night at 48.67 euros, up 4.48% (& up 5.04% for the week, & up 18.49% for the month).

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2. The current Baku CPO 29 climate conference, in oil-rich Azerbaijan, is now becoming somewhat acrimonious.
Are the "soft on climate change" countries increasing/becoming more "emboldened", because President-elect D. Trump has promised to withdraw the USA totally from the Paris Climate Agreements- & intimated he will also cancel, or severely modify, the US IR Act, which planned to spend hundreds of billions US on renewable energy in the USA.

bbc.com 21.11.24 said

"A row has broken out at COP29 climate talks as leading countries said a draft deal risked going back on a historic agreement to reduce the use of planet-warming fossil fuels...

Developing nations said they are unhappy that a pot of money has not been agreed to help them tackle climate change.

Nearly 200 countries are meeting in Baku, Azerbaijan to try to decide on the next steps in tackling climate change...

At the heart of the talks is a trade-off between promises of more money from developed nations and global pledges to reduce the use of fossil fuels.

Some developing nations and oil-rich countries are reluctant to push strong action on cutting fossil fuels because it could jeopardise their economic growth...

At the COP28 climate talks last year, nations agreed to "transition away from fossil fuels (from 2050- my words)."

...Diplomats are upset with the COP29 hosts Azerbaijan. They say the draft deal reflects the views of the Arab group of countries and what’s termed the Like-Minded group, which includes Saudi Arabia, China, India and Bolivia.

The Saudis have suggested that the fossil fuels agreement reached was just one option for countries, rather than an specific instruction.

Minister Ryan [Ireland] said the new proposed deal text reflected this view.

“We all know that there has been backsliding. There has been an attempt to interpret what we agreed last year as a menu, and actually taking back the language and taking back the commitment, and that has to stop in the interest of the Arab group too” ".

COP29: Row at climate talks over ‘backsliding’ on fossil fuels