Focus on Business
ADB approves $500 million loan for Indonesia’s energy transition efforts
The ADB approved a $500M loan to support Indonesia's clean energy transition, reducing coal use and boosting renewables.
Scant green premium stalls over 450 low-carbon projects
High-emitting industries face financing struggles for 450+ low-carbon projects, needing $700 billion by 2030 to meet global decarbonization goals.
Vietnamese EV maker VinFast reports wider sequential gross loss
VinFast, which started delivering cars in California last year, reported a gross loss of $224 million in the April-to-June period.
UK energy price comparison websites set for new regulations
Price comparison websites and energy brokers will be regulated in a bid to end their alleged “license to scam”.
Climate finance from multilateral banks up to $125 billion in 2023
Climate finance broadly refers to funding for climate change activities and can include grants, loans and proceeds from bonds.
US awards $3 billion for EV battery production in 14 states
The grants announced Friday mark the second round of EV battery funding under the bipartisan infrastructure law approved in 2021.
Nippon Steel to sell $211 million in assets to manage debt amid US Steel deal
Nippon Steel agreed with three Japanese banks for $16bn in loans to fund the acquisition of U.S. Steel, now is facing political opposition.
Biden administration nears approval for ioneer’s Nevada lithium mine
The Biden administration moved closer to approving one of the largest U.S. lithium mines, vital for EV batteries, amid conservation concerns.
Holcim draws climate criticism ahead of $30 billion US spinoff
Holcim cement emissions under fire from non-profit group after investment in low-carbon start-up.
