(Bloomberg) — Global loss of tropical and boreal forests surged to a record high last year as unprecedented temperatures fueled fires, releasing more than four times the emissions of all air travel in 2023. That’s according to the latest annual assessment by Global Forest Watch, a platform run by the nonprofit World Resources Institute, which drew … Read more
Jakarta. Indonesia and Russia have yet to reach a deal on crude oil purchase despite Moscow sending its top government official to Jakarta. When Indonesia first joined the Russia-led BRICS early this year, Jakarta floated a plan to buy cheap Russian oil to meet domestic demand — something that Moscow welcomed positively. A few months … Read more
(Bloomberg) — Climate programs targeting about $45 billion in funding for emerging economies won’t be derailed by America’s decision to withdraw, according to analysts. The US decision to exit from a leading role in Just Energy Transition Partnerships for South Africa, Indonesia and Vietnam will complicate financing efforts, but won’t halt the overall objectives of … Read more
Jakarta. A Russian diplomat revealed Monday that Moscow was open for negotiations to sell its oil to BRICS new member Indonesia as Jakarta looks for more affordable supplies. Russian oil has long been subject to widespread European sanctions following a major escalation to the Russo-Ukraine war in 2022. These sanctions forced Russia to sell crude … Read more