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Brazil’s Amazon saw highest number of fires in 17 years: agency
In 2024, Brazil's Amazon saw 140,328 fires, the highest in 17 years, amid a lengthy drought and ongoing deforestation efforts.
In 2024, China saw warmest year in decades
China recorded its warmest year on record in 2024, with an average temperature of 10.92 degrees Celsius, impacting energy and agriculture.
Russian gas era in Europe ends as Ukraine stops transit
Russia has halted gas exports to Europe via Ukraine as the transit deal expired on January 1, 2025, ending a decade-long route.
UK’s lower-carbon jet fuel mandate comes into force
UK's SAF mandate starts Jan 1, 2025, requiring two per cent sustainable jet fuel, rising to 10 per cent by 2030 and 22...
PJM responds to Pennsylvania Governor’s complaint over power market rules
PJM Interconnection responded to PA Governor Shapiro's complaint, citing power shortages due to rapid data center expansion.
Citigroup joins US lenders in exiting Net-Zero Banking Alliance
This move makes Citigroup the third major U.S. lender to exit the group after Wells Fargo and Goldman Sachs.
Nippon Steel offers US government veto power in bid for US Steel approval, source says
Nippon Steel has proposed giving the U.S. government veto power over production cuts at U.S. Steel to secure Biden's approval for their acquisition.
US to issue hydrogen credit rule this week, with path for nuclear, sources say
The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, sources told Reuters.
US LNG gas demand hits record high on last day of the year
U.S. LNG demand hit a record 15.2 bcf on New Year's Eve, with forecasts predicting growth to 17.8 bcf in 2025 amid new...
BMW, Yamaha Motor back US rare earths startup Phoenix Tailings
BMW and Yamaha Motor have invested in U.S. startup Phoenix Tailings to enhance rare earth processing, reducing reliance on China.
