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
Magnom Properties, the real estate arm of Riyadh-based energy giant Rawabi Holding, plans to break ground early next year in Egypt’s new capital on a $1 billion, 50-storey office tower that aims to be the first of its kind to be powered by clean hydrogen. The sophisticated design and high price tag represent a bet
Fortescue Metals Group, one of Australia’s leading iron ore producers, has officially broken ground on its innovative Green Metal Project in the Pilbara region of Western Australia. This pioneering project is expected to commence production of green iron by 2025, marking a significant step forward in the global push towards sustainable and eco-friendly industrial practices.
Clearly, a climate intelligence platform using AI to provide fleet operators with unique and critical trip-level emission and energy insights, announced the close of its €3.9 million seed round. The round, led by Pace Ventures and Nine Realms, also saw participation from existing mobility investors Mobilion, Next Gear and M1720 alongside notable angels Lord Nash
Reliance Industries, India’s largest refiner, has resumed crude oil imports from Venezuela, utilizing a naphtha-for-crude swap arrangement. This strategic move comes after the company secured a U.S. license last month to re-engage in oil trade with the sanctioned South American nation. Under the terms of the deal, Reliance will supply naphtha, a refined petroleum product,
