Wednesday, 10 September 2025

Focus on Economy

FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks during a G20 event in Barra da Tijuca, Rio de Janeiro, Brazil, on July 25, 2024. REUTERS/Tita Barros/File Photo
BiodiversityBusinessClimateEconomyFinanceNewsPolitics

Yellen says $3tn needed annually for climate financing

On visit to the Amazon, US Treasury Secretary Yellen says climate financing needs to be far above current levels.

AnalysisCoalEconomyEmissionsFuelNatural GasOilOpinionPoliticsRegulationsSolarWind

Energy transition inevitable, but US counties reliant on fossil fuel may struggle to bridge revenue gap: study

The energy transition might be inevitable, but it also poses significant financial challenges for local governments, particularly those heavily reliant on fossil fuel...

General view of the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. REUTERS/Chalinee Thirasupa/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)LegislationNewsPoliticsTransport

Thailand to offer investment incentives for makers of hybrid vehicles

Thailand will introduce investment incentives for manufacturers of hybrid vehicles, its Board of Investment (BOI) said on Friday

Sir Keir Starmer has warned it will “take time” to reap the benefits of clean power initiatives but stood by a claim that Labour’s plans will eventually drive down household bills by £300 a year (James Glossop/The Times/PA)
EconomyElectricityInfrastructureNewsPolitics

Starmer says UK bills to fall but the benefits of clean power ‘take time’

PM reaffirms promise on UK energy bills as flagship green energy initiative GB Energy is launched to increase wind and solar capacity.

AnalysisClimateEconomyElectric Vehicles (EVs)EmissionsIn-DepthManufacturingPolitics

Q&A: What China’s push for ‘new quality productive forces’ means for climate action

Carbon Brief unpacks the concepts underpinning new quality productive forces, and what it means for China’s climate, energy and industrial policy.

Negative wholesale electricity prices are becoming more common as more wind and solar polar comes on line and doesn't always reduce output when demand falls (AFP)
EconomyElectricityInfrastructureNewsSolarWind

Renewables overproduction turns electricity prices negative

While consumers enjoy negative electricity prices, the renewables industry fears it will foster 'dangerous rhetoric' about the future of green energy.

This photo shows power lines in Hanoi, Vietnam, Tuesday, July 9, 2024. Vietnam will let electricity-guzzling factories buy electricity from wind and solar power producers, helping big companies like Samsung Electronics meet their climate targets and relieving pressure on the country's overstrained grid. (AP Photo/Hau Dinh)
BusinessEconomyElectricityIndustryManufacturingNewsTransmission

Vietnam allows big companies to buy clean energy to hit climate targets

Factory owners such as Samsung look forward to using Vietnam DPPAs to circumvent country's strained grid and harness green energy instead.

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceNewsPoliticsRegulationsTransport

Musk says any Trump move against EV support would hurt competitors more than Tesla

Tesla CEO Elon Musk said on Tuesday that Donald Trump's potential removal of support for EVs would hurt other automakers more than Tesla

FILE PHOTO: Miniatures of windmill, solar panel and electric pole are seen in front of NextEra Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessEconomyElectricityFinanceInfrastructureNewsPoliticsUtilities

Utility NextEra reports Q2 profit miss as segment sales slide

NextEra Energy missed profit estimates for the second quarter, hurt by higher interest rates and expenses in its renewables segment

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/file photo
BusinessEconomyFinanceFuelNewsOilPoliticsTrade

Oil prices edge up off six-week lows

Oil prices edged higher on Wednesday but were still close to their lowest level in six weeks with few signs of a fuel...

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