COP28

• It added: "Kazakhstan is expected to deliver the highest uranium production growth in 2024, GlobalData says, driven by the planned higher output from the country’s largest uranium producer Kazatomprom.
• The continuous ramp-up of Canada’s McArthur River uranium mine will also contribute to the global increase, it adds.
• Despite a 5.1% dip in output in 2023 due to planned lower production from Kazatomprom, its output is expected to recover in 2024, with forecast production of 23.2kt.
• It continued: “Meanwhile, global uranium production in 2024 will be further bolstered by continuous ramp-up of Canada’s McArthur River, which is aiming to produce 6.9kt of uranium (8.2kt of U3O8) for 2024.

• Such a phase-out requires international cooperation to restrict the supply of fossil fuels, including coal, oil and gas.
• If such cooperative efforts are pursued alongside ambitious action to tackle the demand for fossil fuels, it could lead to environmental and economic benefits.
• Some countries are already taking unilateral action to restrict fossil fuels, by, for instance, banning new oil and gas exploration or extraction.
• While no international agreement on limiting the supply of fossil fuels yet exists, there are precursors which have tended to take two different forms.

Who’s in? Who’s out?

• They would be followed by countries that have low reserves and low profits from fossil fuels, such as Argentina, Brazil, India, Japan, Korea, Mexico and Turkey.
• Our data suggests that petrostates such as Russia and Saudi Arabia would be the most reluctant to join because fossil fuel production is so central to their economies.

• We acknowledge that our scenarios for international efforts to phase out fossil fuels are not necessarily aligned with geopolitical realities.
• For one, there is the shaky relationship between key countries such as the US and China to consider.
• A club of like-minded countries could pave the way for a wider coalition, but major fossil fuel producers would need to join eventually for it to succeed.

Economic consequences

• Fossil fuel prices will inevitably rise as their supply is squeezed by a phase-out.
• Only phasing out oil may result in higher economic costs, due to its ubiquity in global supply chains and production processes.
• International cooperation will be crucial, especially to lessen the economic impact on developing countries that are heavily dependent on imported fossil fuels.

• Lauri Peterson received funding from the European Union's Horizon 2020 Research and Innovation Programme under grant agreement no.
• Panagiotis Fragkos received funding from the European Union's Horizon 2020 Research and Innovation Programme under grant agreement no.

• This partnership heralds a shared commitment to amplify sustainability efforts throughout the Asian market, with South Korea as the anchor for the region.
• "We are excited to embark on this transformative journey with Zoetic Global," exclaimed Chairman Yun Jong Hyeog, Chairman of Trident Global Holdings.
• "Our alliance with Trident Global represents a significant stride toward realizing our collective vision of a greener, more sustainable future.
• Trident Global and Zoetic are prepared to deliver solutions throughout Asia and establishing manufacturing and distribution facilities," said Zoetic Global Chief Executive Officer Avery Hong.

• Participants from 79 countries took part in the FIA Smart Driving Challenge 2023 Season, achieving an average CO2 emission saving of 13% vs. global average
  STOCKHOLM, March 25, 2024 /PRNewswire/ -- The Fédération Internationale de l'Automobile (FIA) will launch the sixth edition of the FIA Smart Driving Challenge (SDC) on 1st April.
• First introduced in 2019, the FIA SDC aims to encourage people to drive in a more sustainable, safe, and considered way.
• Drivers can get involved by downloading the app, which provides real-time feedback, tips, and scoring based on their on-road performance.
• The FIA SDC app is powered by Greater Than's world-leading AI technology, which uses behavioral and movement measurements to score the performance of individual users.