Europe
Northvolt crisis may be make or break for Europe’s EV battery ambitions
Northvolt’s bankruptcy highlights Europe’s struggle to build a battery industry amid Chinese dominance and slowing EV demand.
New U.S. sanctions probably spell end of EU energy payments through Russia’s Gazprombank
"EU payments for energy resources through Gazprombank will likely become impossible at the end of 2024," analysts say.
UK wants Cop29 deal that ‘accelerates clean energy transition’, says Miliband
The UK has been pushing hard for a deal that includes reference to last year’s pledge to “transition away from fossil fuels in...
Northvolt CEO steps down, saying group needs up to $1.2 billion
Northvolt went from being Europe's best shot at a home-grown electric-vehicle battery champion to struggling to stay afloat within a year.
UK pledges £239m to forest-rich nations to fight climate change at Cop29
It comes as part of the UK’s commitment to deliver £11.6 billion in carbon finance by 2026.
Scania says it will lend Northvolt $100 million under US Chapter 11 bankruptcy deal
Swedish truckmaker Scania will lend Northvolt $100 million as part of the struggling battery maker's U.S. Chapter 11 bankruptcy protection deal.
Volkswagen workers head towards strikes from December
Volkswagen unions plan warning strikes from Dec. 1 as talks stall over factory closures and cost-cutting amid electric transition woes.
Britain announces plan to boost heat pump uptake
Most of Britain’s homes are heated by gas — but the government wants to change that.
Bosnia needs to invest $6.8 billion to tackle climate change impact, World Bank says
Bosnia needs $6.8B in climate adaptation by 2030 to combat floods, air pollution, and ensure economic stability, says World Bank.
STMicro partners with Hua Hong as chipmakers need China, says CEO
STMicroelectronics partners with China's Hua Hong, citing local production as key to competing in the fast-evolving Chinese EV market.
