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FILE PHOTO: Germany's Economy and Climate Minister Robert Habeck holds a press conference about the autumn economic projection, in Berlin, Germany, October 9, 2024. REUTERS/Liesa Johannssen/File Photo

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Germany earmarks $3 billion for decarbonisation subsidies

To achieve climate neutrality by 2045, Germany will offer subsidies for decarbonisation in the glass, paper, and chemical sectors.

By Reuters15 Oct 2024Reuters

FILE PHOTO: View of a Wolfspeed's Silicon Carbide (SiC) Wafer during an event on the future of the decommissioned coal-fired power plant in the Western German Saarland region in Ensdorf, Germany, February 1, 2023. REUTERS/Thilo Schmuelgen/File

Automotive Business Electric Vehicles (EVs)Finance Manufacturing News

EV chipmaker Wolfspeed set to receive $750 million US chips grant

Wolfspeed, which has clients including GM and Mercedes, makes silicon carbide chips for efficiently transmitting EV battery power to motors.

By David Shepardson and Sameer Manekar15 Oct 2024Reuters

FILE PHOTO: Chairman of the Board of Management of BMW AG Oliver Zipse attends an event at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo

Automotive Business Economy Electric Vehicles (EVs)Fuel Industry Legislation Liquefied Petroleum Gas News Politics Regulations Trade

BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China

BMW CEO Oliver Zipse urges Europe to reconsider its 2035 ban on new fossil fuel cars to reduce reliance on China’s battery supply.

By Reuters15 Oct 2024Reuters

Business Electric Vehicles (EVs)Manufacturing News Regulations Trade

LG Energy Solution signs two battery supply deals with Ford

South Korea's LG Energy Solution said on Tuesday that it has signed two contracts to supply electric vehicle batteries to the Ford Motor...

By Reuters15 Oct 2024Reuters

News Release Chemicals Climate Finance Contracts for Difference Electricity Emissions Industry

BASF receives funding approval for the construction of the world’s largest industrial heat pump for CO2-free steam generation

Heat pump will use waste heat from steam cracker for CO2-free steam production Greenhouse gas emissions from formic acid production at the Ludwigshafen...

Issued by BASF15 Oct 2024

Biodiversity credits will be on the table for discussion at this month's UN biodiversity summit in Colombia (AFP)

Analysis Biodiversity Business Finance Indigenous Politics United Nations

Can biodiversity credits unlock billions for nature?

For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of scandals that have dogged other...

By Benjamin Legendre14 Oct 2024Agence France-Presse

FILE PHOTO: EV cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa//File Photo

Automotive Business Economy Electric Vehicles (EVs)Industry Manufacturing News Trade

Global EV sales up 30.5% in September as China shines, Europe recuperates

Global sales of electric and plug-in hybrid vehicles grew 30.5 per cent in September, with China surpassing August records, per Rho Motion.

By Alessandro Parodi and Greta Rosen Fondahn14 Oct 2024Reuters

EU ministers agree on COP29 negotiating position

A European Council statement says EU environment ministers agreed on a negotiating position ahead of the COP29 UN climate summit in Azerbaijan.

By Julia Payne14 Oct 2024Reuters

News Release Carbon Management Emissions Markets Voluntary Carbon Markets (VCMs)

Verra Releases New VCS Additionality Tools

14 October 2024 Verra has released two new tools in the Verified Carbon Standard (VCS) Program to assess the additionality of project activities: VCS...

Issued by Verra14 Oct 2024