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Nations are gathering in Baku, Azerbaijan, for the latest round of UN climate talks, where they will be tasked with setting a target for channelling climate finance into developing countries.

The Ministry of Economic Affairs had initially planned to release a draft for its floating offshore wind farm demonstration program by year's end. However, the timeline may face further delays as discussions over incentive mechanisms continue internally.

Ahead of COP29, reports have emerged that countries such as the United States and members of the European Union are pushing to expand the list of contributors, requesting countries like Singapore to assume part of the financial responsibility.

Azerbaijan’s economy is highly dependent on fossil-fuel exports, making its economic prospects vulnerable to rising emissions-cutting ambition around the world.

U.S. energy regulators have rejected an amended interconnection agreement that would have linked an Amazon data center in Pennsylvania directly to a nuclear power plant, a move that could have significant implications for the revival of nuclear energy.

Japan is set to incorporate Carbon Capture and Storage (CCS) into its national energy development framework, aiming for commercial operation by 2030.

Warnings by the works council at carmaker Volkswagen that the company plans to make significant cuts to its production sites and workforce in Germany have led policymakers to call for the protection of jobs and local economies.

Product claims regarding carbon neutrality based on offsets are controversial, but better accounting of carbon footprints is on the way.

In a recent interview, Taiwan's Premier Cho Jung-tai indicated that Taiwan is "very open" to new nuclear technologies in light of the increasing electricity demand from the semiconductor industry driven by AI.

The bonds, focused on green projects, can help programmes in developing countries secure lower-cost financing, but competition and sustaining interest remain challenges.