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US to Spend $7.3b on Rural Clean Energy Projects

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.

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$5b Scandal Shakes Germany’s Carbon Credit Market

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.

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Argentina, US Partner for Minerals Security

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..

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Saudi Firm Plans Hydrogen-Powered Skyscraper

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.

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Fortescue Launches Pioneering Green Iron Project

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.

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London-based Clearly Secures €3.9 Million

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.

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Reliance Strikes Naptha Swap Deal with Venezuela

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.

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London-based Axle Energy Raises €8.3m

Axle Energy, an energy flexibility platform connecting distributed assets with energy markets, has raised €8.3 million in seed funding to accelerate its mission to decarbonise the grid. Accel led the.

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MIT Makes Hydrogen Fuel from Cans, Seawater

In a groundbreaking discovery, the Massachusetts Institute of Technology (MIT) suggests that old soda cans and seawater could be the key to revolutionizing fuel production and creating a sustainable source.

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China to Slash Emissions from Coal Power

China aims to cut carbon emission from its coal-fired power industry by launching low-carbon upgrades and applying new power generation technologies, according to a government plan. China, the world’s top.

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