Economy

Green Hydrogen Electrolyzer Provider Closes $45 Million Series B

Ohmium International secured funding that is expected to quadruple the manufacturing output of its modular PEM electrolyzers.

Public Clean Energy Spending Jumps 50% to $710b Since October 2021

Government clean energy spending globally in response to the pandemic surged 50% in the last five months, reaching $710b, according to the International Energy …

Philippines

Higher Generation Costs Push Philippine April Rates up

Higher generation cost has driven the overall rate for a typical household in the Philippines up by P0.53 to P10.18 per kilowatt-hour (kWh) in April, the Manila…

ADF Invests $5.5m for Desert to Power Renewable Energy Initiative

The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert …

Green Banks Are Needed to Plug Climate Finance Gaps

Green Banks have a critical role to play in overcoming climate finance gaps.

LNG

Energy Spending to Hit Record High of over $2t in 2022: Report

​Global energy spending in 2022 is expected to reach a record high of more than $2t, driven by the surging oil, gas and power prices, Rystad Energy projected.

Adani Group Gets US$2 Billion in Green Investments

Three Adani portfolio companies, Adani Green Energy, Adani Transmission, and Adani Enterprises, will get US$2b (INR15,400 Cr) in green investments from the Inte…

CNOOC

China's CNOOC to Raise up to $5.08 Billion From Share Issue

Chinese oil giant CNOOC Ltd said on Monday it will raise between 28.08 billion yuan and 32.29 billion yuan ($4.41 billion to $5.08 billion) by issuing new share…

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.