INC chair expresses confidence a deal will be reached; UNEP urges negotiators to focus on unresolved issues including the regulation of harmful chemicals, production of plastics and financing.
The unveiling of the Sabic-owned petrochemicals facility is "completely misaligned" with what is needed in a strong plastics treaty – cuts on production – an advocacy group has said. The treaty negotiations begin in less than two weeks.
As declining oil output increases reliance on on foreign supply, the region’s oil import bill could exceed US$200 billion by 2050, posing major economic and energy security risks without a faster renewables shift, says the global energy authority.