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1. COP26 Struggle Foreshadows Two-Speed Development of Renewables

- The watered-down version of the COP26 communique, “calling upon parties to adopt policies that are accelerating the phase out of coal” instead of just phasing out coal, provided another example of wide rifts amongst the world’s leading energy consumers.

- The final text also shied away from banning fossil fuel subsidies outright, despite them being assessed at $2.5 trillion.

- With poorer nations discontent that wealthy countries have not fulfilled their 2009 promise to give them $100 billion per year to help them cut emissions, compliance with the given text might be rather lax.

- Participant countries’ current pledges would result in global warming reaching 2.4° C by the end of the century, CAT analysts claim, well above the UN-stipulated cap of 1.5° C.

2. US on the Cusp of Becoming No.1 LNG Exporter Globally

- The United States is getting increasingly close to becoming the world’s leading LNG exporter tandem of Qatar and Australia and might overtake them in several months.

- Venture Global LNG is reportedly ‘very close’ to starting up the Calcasieu Pass terminal in Louisiana, whilst Cheniere is closing in on a multibillion-dollar expansion of its LNG terminal in Corpus Christi.

- Whilst Qatar is more endowed with natural gas, its oft-flaunted expansion would only reach its stipulated capacity…





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