Wednesday, 9 October 2024

Economy

FILE PHOTO: Employees work at the Northvolt facility in Vasteras, Sweden, September 29, 2021.. REUTERS/Helena Soderpalm/File Photo
BusinessEconomyElectric VehiclesIndustryManufacturingNewsStorage

Northvolt subsidiary Ett Expansion AB files for bankruptcy

Northvolt's subsidiary files for bankruptcy as a project is canceled, while the group focuses on scaling battery production.

FILE PHOTO: Colombian Minister of Foreign Affairs Luis Gilberto Murillo speaks during an interview with Reuters in Bogota, Colombia May 25, 2024. REUTERS/Luisa Gonzalez/File Photo
BiodiversityClimateEconomyEnvironmentNewsPoliticsRegulationsResiliency

Colombia in talks with Germany over debt-nature swaps, minister says 

Colombia last month launched a new investment portfolio for its climate adaptation plans, which it hopes will attract some $40 billion.

Poorer countries on the frontlines of climate change will need trillions of dollars in financial aid to install clean energy and adapt to global warming (AFP)
AnalysisBiodiversityClimateEconomyEmissionsEnvironmentIndigenousPoliticsResiliencyUnited Nations

COP29 fight looms over climate funds for developing world

For developing countries, who pays is non-negotiable: the 2015 Paris climate agreement reaffirmed that developed countries pick up the tab.

FILE PHOTO: Employees work on an electric vehicle (EV) production line during an organised media tour to a factory under Jiangling Group Electric Vehicle (JMEV), in Nanchang, Jiangxi province, China May 22, 2024. REUTERS/Kevin Krolicki/File Photo
AnalysisBusinessEconomyElectric VehiclesIndustryLegislationManufacturingPoliticsRegulationsTrade

Analysis: EU backing for China EV tariffs shows Berlin’s waning influence

Germany's split with the EU on Chinese EV tariffs highlights its diminishing influence on EU policy, as Berlin prioritizes domestic concerns.

AnalysisBiofuelsEconomyEmissionsFuelHydrogenRegulationsReportsSustainable Aviation Fuel (SAF)Trade

Does hydrogen need a passport? The case for global standards for sustainable fuels

A report from the IEA stresses the need for unified global standards in biofuels and hydrogen to better track, and drive, progress on...

Kazakhstan will build a nuclear power station near the semi-abandoned village of Ulken in the Kazakh steppes on the shores of Lake Balkhash (AFP)
EconomyElectricityNewsNuclearPoliticsRegulations

Kazakhs approve plan for first nuclear power plant

Kazakhstan, overcoming Soviet-era nuclear test fears, approved its first nuclear power plant in a referendum with 71.12 per cent support.

Republican presidential nominee and former U.S. President Donald Trump gestures as he speaks during a rally in Juneau, Wisconsin, U.S., October 6, 2024. REUTERS/Brendan McDermid
AutomotiveBusinessEconomyElectionsElectric VehiclesIndustryLegislationManufacturingNewsPoliticsRegulationsTrade

Trump threatens a 200% tariff on vehicles imported from Mexico

Trump made his remarks on tariffs as he pledged to bolster the U.S. auto industry. Experts have said his plans could increase vehicle...

AnalysisCarbon ManagementEconomyElectric VehiclesElectricityNuclearSolarStorageWind

China leads the net zero transition – here’s what we can learn from its progress in Beijing and Hong Kong

China leads the global clean energy race, outspending the US and Europe tenfold and dominating solar, wind, and battery production.

US Trade Representative Katherine Tai told AFP tariff hikes on Chinese goods aim to help clean energy investments "take root." (AFP)
BusinessEconomyElectric VehiclesElectricityFinanceIndustryInfrastructureLegislationNewsPoliticsRegulationsSolarTrade

US trade chief defends tariff hikes when paired with investment

US Trade Rep Katherine Tai defends tariffs on China, calling them a “constructive” tool to boost US industry ahead of elections.

FILE PHOTO: Cars are parked in the courtyard of Skoda Auto factory in Mlada Boleslav, Czech Republic, March 18, 2020. REUTERS/David W Cerny/File Photo
AutomotiveClimateEconomyElectric VehiclesEmissionsEnvironmentLegislationNewsRegulations

Czechs seek partners to challenge EU’s CO2 goals for car sector

The Czech Republic will seek EU allies to counter stricter 2025 CO2 limits, which risk hefty fines and impact on its car sector,...

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