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Sustainability
Europe
Denmark to introduce first-ever carbon tax on agriculture
The deal calls for taxing farmers 300 Danish crowns ($43.16) per ton of CO2 in 2030, increasing to 750 crowns by 2035
Sustainability
Ferrari’s first electric car could cost over half a million dollars
The electric sports car from Ferrari is on track to launch in the fourth quarter of 2025
Asia
South Korea’s hydrogen-powered FCEV exports plunge 74.2 percent in first five months of 2024
Last month, the country's exports of hydrogen-powered FCEVs dropped to zero
Sustainability
World Bank launches $200 million bond to fund Amazon reforestation efforts in Brazil
The principal-protected bond will provide financing for reforestation initiatives selected by the Brazilian startup Mombak
Asia
China pledges $20 million to UNCTAD to boost sustainable development efforts
The contribution is aimed at supporting the implementation of the UN's 2030 Agenda for Sustainable Development
Sustainability
Brazil to be 8th largest economy as it gears up to host COP30 climate conference in 2025, says President
The Brazilian leader also noted that country's GDP grew by 2.5 percent in the last 12 months
Asia
Azerbaijan confirmed as host of COP29
The COP29 Presidency has made significant progress and will be ready to deliver a world-class event, said COP29 President-Designate
Asia
China’s Xinjiang begins operating world’s largest solar plant
The solar plant will generate about 6.09 billion kilowatt hours of electricity each year
Sustainability
SAF production to triple to 1.5 million tons by 2024: Report
Around 140 SAF projects are planned by 2030, the report said
Asia
China leads affordable EV charge as global transition faces challenges: Report
This is primarily driven by the near price parity between battery-electric vehicles (BEVs) and internal combustion engine (ICE) vehicles in the country
Asia
China power sector achieves $16.5 billion in completed clean energy projects in Q1 2024
The magnitude of clean energy projects currently under construction in China surged to 512.05 GW during the quarter
Sustainability
Global carbon pricing revenues reach record $104 billion in 2023: Report
The report found that there are now 75 carbon pricing instruments in operation worldwide
Sustainability
Clean tech manufacturing investments reach $200 billion in 2023, up 70 percent: Report
China accounted for three-quarters of the total investments in this field, according to the report
Asia
Abu Dhabi’s Mubadala backs Japan’s 108GW solar target with inaugural renewable energy investment
PAG REN I platform will play a critical role in supporting large corporations across Japan as they transition to clean energy
Sustainability
Saudi Arabia’s Aramco inks three agreements with U.S. companies for lower-carbon energy solutions
Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions
Sustainability
Global market for energy transition minerals forecast to reach $770 billion by 2040: Report
The market value of key energy transition minerals is around $325 billion
Sustainability
Number of people planning to buy EVs in U.S. declines to 24 percent: Study
24 percent of Gen Z and 32 percent of Gen Y shoppers say they are 'very likely' to consider an EV
Sustainability
Saudi Arabia, U.S. forge roadmap for cooperation in energy with focus on sustainability
Roadmap builds on the 2022 Partnership for Advancing Clean Energy Agreement
Asia
China’s LNG imports forecast to surpass 79 million tons in 2024, PetroChina official says
China shipped nearly 20 million tons of LNG already in the first quarter of 2023
Asia
Sri Lanka forges 20-year power purchase deal with India’s Adani Green Energy
Recent power blackouts and fuel shortages during the 2022 economic crisis underscore the importance of diversifying the energy mix
Sustainability
UN body adopts human rights protections for carbon market mechanism
The move seeks to empower vulnerable communities and individuals
Sustainability
COP28 President urges parties to ‘build on progress’, help those most vulnerable to climate change
At COP28, countries pledged a total of $792 million for loss and damage funding arrangements
Asia
Saudi Arabia’s ACWA Power seeks to invest $10 billion in Malaysia’s renewable energy sector
Collaboration to power up green data centers in Malaysia's industrial parks
Sustainability
Energy storage battery costs to decline by 40 percent, triggering renewable energy adoption
Transport sector utilizes almost 90 percent of lithium-ion batteries
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