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Economy
China
China Energy Maintains Steady Production Growth in Q1
China Energy Investment Corporation (China Energy), a leading energy giant, maintained steady production growth during the first quarter of the year, its spokes…
Net Zero Emission
Ukraine Crisis and Inflation Weigh on ESG Investment Funds
Investment flows to ethical funds fall to $75bn in Q1 amid a sharp drop in risk appetite, IIF says.
Carbon Emissions
EU to Fund Bulgaria’s €6.3bn Recovery Plan
The European Commission has approved Bulgaria’s latest recovery and resilience plan, providing €6.3 billion in grants.
Hydrogen Project
Polish Oil Refiner to Invest €1.6bn in Hydrogen Projects by 2030
PKN Orlen has announced it will invest PLN 7.4bn on low and zero-carbon hydrogen development projects by 2030 to help build a hydrogen economy in Europe.
Floating Solar Project
Nigeria and the Netherlands to Join Forces on Renewable Energy
The Netherlands have hosted a delegation of entrepreneurs and senior government officials from Nigeria, to discuss collaborations in areas including the circula…
Hydrogen Project
Global Low-Carbon Hydrogen Market 'Needs $600 Billion of Investment by 2050'
An investment of about $600 billion in low-carbon hydrogen will be required by 2050 to meet rising demand as the world focuses on cutting emissions to limit glo…
Net Zero Emission
Global Green Finance Increased 100x in Last Decade
Green finance worldwide has grown by more than 100 times in the last decade.
Hydrogen Production
Dutch and German Cooperation in Hydrogen Production From Offshore Wind
Cooperation between the Netherlands and Germany to develop a common hydrogen market boosts opportunities for realising a decarbonised regional economy, the Hy3 …
Coal-Fired Power Plants
Australia’s Coal Conundrum: Economy, Climate at Odds
Coal has long been a lifeblood for Australia. The country is the world’s largest exporter of metallurgical coal used to make steel, and it’s the second-larges…
Aker Solutions Buys Hydropower Technology Provider Rainpower
Aker Solutions ASA said Wednesday that it has agreed to acquire Rainpower Holding AS, a technology provider to the hydropower industry, for up to 150 million No…
Energy Transition
Fueling a Cleaner Future with a Hydrogen-First Economy
Today, hydrogen is experiencing unprecedented demand. Its potential to become a key facilitator of a global transition to a net-zero emission economy, and provi…
Crude Oil
China's Sinopec Plans Its Biggest Capital Expenditure in History
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a de…
Shell to Invest up to £25 Billion in UK Energy System over Next Decade
Shell has announced it will invest up to £25 billion in the UK energy system in the coming years.
Electric Car
LG Invests $1.4 Billion into First US Cylindrical Battery Plant
LG Energy Solutions (LGES) has announced a KRW1.7 trillion ($1.4 billion) investment in a cylindrical battery plant. It is said to be the first-ever cylindrical…
Offshore Wind Power
Aker Offshore Wind and Mainstream Renewable Power Complete Offshore Wind Transaction
Aker Offshore Wind and Mainstream Renewable Power (Mainstream) have closed the transaction which will see the company take an initial 50% ownership stake in Pro…
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