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Economy
Energy Transition
IRENA’s Energy Transition Platform Bags $1b Investments
The platform aims to ramp up funding for renewable projects in developing countries.
Wind Farm
RWE and Koehler Paper Sign Green Power Agreement
RWE Supply & Trading and Koehler Paper have agreed on a long-term green power supply of up to 175,000MWh per year.
Energy Transition
Brookfield Bets $11.8 Billion on Australia’s Energy Transition
Brookfield Asset Management has led a consortium that looks set to acquire Australian utility Origin Energy for some $11.8 billion, a move that is seen as a way…
Energy Transition
AIIB, GEAPP to Invest $1b for Energy Transition Projects
They will identify co-financing opportunities in both the public and private sectors.
Energy Transition
Show Us the Money: Developing World at COP27 Seeks Financing Details
Finance took centre stage at the COP27 climate talks on Wednesday, with U.N. experts publishing a list of projects worth $120 billion that investors could back …
Energy Transition
Spain's Iberdrola to Invest $47 Bln in Energy Transition in 2023-25
Spain's Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two year…
Oil Price
IEA's Birol Says $100 Oil 'Real Risk' for Economy
The head of the International Energy Agency (IEA) said on Wednesday oil prices "flirting with $100" were a real risk for the global economy.
India
India's First Green Bonds to Fund New Climate Finance Projects
The Indian government's first ever green bonds will focus on funding solar power projects, followed by wind and small hydro projects.
Germany
Germany Must Ask High Earners to Help With Energy Relief - Economic Council
Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving en…
Crude Oil
UK’s Market-Defying North Sea Oil IPO Falls Flat
After braving high-level market volatility in Britain’s biggest IPO of the year, North Sea oil and gas producer Ithaca Energy warned that any further boost to …
Net Zero Emission
France to Bankroll Development of Zero-Emission Ships With €300 Mln, Backed by $200 Mln From CMA CGM
France plans to assign € 300 million in public funding to help catalyze the decarbonization of its shipping sector and the development of zero-emission vessels…
ACWA Power Net Profit Surges 110% YoY in First 9 Months of 2022
Its operating income before impairment loss and other expenses grew by 11% YoY.
Australia
Australian Government Expands ARENA 2022-23 Federal Budget
This will include A$146.1m for the decarbonisation of the road transport sector.
Carbon Emissions
Saudi Arabia Commits $2.5 Bln to Middle East Green Initiative - Crown Prince
Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy o…
Egypt
Gates Foundation Gives $1.4 Bln Climate Help to Smallholder Farmers
The Bill & Melinda Gates Foundation has pledged $1.4 billion to help smallholder farmers cope with the impacts of climate change, part of efforts at global clim…
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