Saudi Arabia’s King Salman Energy Park (SPARK) has recently announced that it successfully attracted more than 60 investors, with expected investments currently totaling over $3 billion, in a recent statement on social media platform X. King Salman Energy Park is a leading industrial ecosystem with sustainability at its core. It connects the world to opportunities
La Solive, the energy renovation school, has raised €4 million in a Series A funding round led by Partech, alongside Brighteye Ventures who already participated in the Seed Round, as well as business angels including Thibaud Hug de Larauze (CEO of BackMarket), Vincent Bryant (CEO of Deepki), and Clément Delpirou (President of the IAD Group).
Mining giant Rio Tinto has announced an innovative farming trial in Australia to explore the potential of Pongamia seed oil as a feedstock for renewable diesel. The initiative, launched in collaboration with local wood fibre processor Midway Ltd, aims to test the viability of Pongamia trees in producing a sustainable alternative to traditional diesel fuel.
Russia’s oil revenues have plunged to their lowest level in seven months, driven by falling global crude prices and reduced demand from key markets in Asia. According to data from Argus Media, as reported by Bloomberg, the gross value of Russia’s crude exports fell to $1.44 billion in the week ending September 8, down from
Chinese renewable energy giant Envision Energy has announced plans to invest US$1 billion in constructing a green hydrogen industrial park in Spain, marking a significant step toward Europe’s clean energy transition. The Shanghai-based company, the world’s second-largest wind turbine supplier, will partner with the Spanish government and local industries to create the facility, contributing to
India has emerged as the largest plastic waste emitter globally, producing a staggering 9.3 million tonnes of plastic waste annually, raising serious environmental alarms. This revelation comes from a recent global study highlighting the mounting threat of plastic pollution on ecosystems and human health. The report points out that despite various national initiatives, plastic waste
Over 30,000 people gathered in Seoul recently, protesting the South Korean government’s lack of meaningful action against climate change. Braving temperatures exceeding 30°C (86°F), protesters from various age groups called for immediate and aggressive measures to address global warming, marking the country’s largest demonstration of 2024.Waving banners with messages such as ‘Climate Justice’ and ‘Protect
President Joe Biden’s administration has said that the US will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said. The first
Germany’s carbon credit market is reeling from a $5 billion scandal that has cast doubt on the integrity of the country’s carbon offset programs. The controversy has exposed widespread fraud and misrepresentation in carbon-reduction projects, severely undermining the credibility of the global carbon reduction effort. The scandal centers around Upstream Emission Reduction (UER) credits, which
Argentina has taken a significant step towards diversifying its economy by joining the US-led Minerals Security Partnership (MSP), a global initiative aimed at reducing reliance on China for critical minerals. The announcement, expected during US Under Secretary of State Jose Fernandez’s visit to Argentina, underscores Argentina’s commitment to enhancing its role in the global supply
