Vitol-backed power company VPI has announced plans to invest up to €450 million ($496 million) in battery storage projects across Germany over the next three to five years. The investment is part of a broader strategy to capitalize on Germany’s rapidly expanding renewable energy market and address the growing need for energy storage solutions to […]
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During the Ministerial Day of the 15th Clean Energy Ministerial (CEM15), the Climate Investment Funds (CIF) unveiled a landmark $1 billion commitment to decarbonize the industrial sector as part of its new Industry Decarbonization investment program. This innovative initiative aims to engage both public and private sectors to drive the reduction of emissions in heavy-polluting […]
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Australia is taking a significant step towards bolstering Southeast Asia’s clean energy transition with a commitment of US$50 million to Singapore’s Financing Asia’s Transition Partnership (FAST-P). This strategic investment marks the first deployment under Australia’s A$2 billion Southeast Asia Investment Financing Facility (SEAIFF) and highlights Australia’s ongoing commitment to fostering sustainable development in the region. […]
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The Canadian government is strengthening its commitment to decarbonizing industries and fostering clean technology innovation with the announcement of $12.5 million in funding. This strategic investment, made in December 2024, will support advancements in carbon management and industrial emissions reduction across British Columbia, positioning the province as a key player in the global transition to […]
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The Coca-Cola Company has announced new environmental targets that reflect its ongoing commitment to sustainability. With an eye toward 2035, the company aims to drive progress in three key areas: water security, sustainable packaging, and climate action. These updated goals mark a continuation of Coca-Cola’s commitment to integrating sustainability across its global operations and supply […]
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The Abu Dhabi National Oil Company (ADNOC) has introduced XRG, a groundbreaking international investment platform with an enterprise value exceeding $80 billion. This newly formed venture aims to drive the transition towards lower-carbon energy and chemicals, capitalizing on emerging global trends to position itself for long-term growth. XRG will operate as an independent entity with […]
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As data centers become increasingly integral to the global digital economy, governments worldwide are implementing new regulations to ensure their sustainability, operational resilience, and security. In 2025, data center operators will face a growing wave of regulatory requirements aimed at reducing energy consumption, enhancing environmental sustainability, and safeguarding operational continuity. These evolving regulations, particularly in […]
Continue ReadingThe Commission has adopted a Decision establishing the EU-wide quantity of allowances issued under the EU Emissions Trading System for buildings road transport and small industry (ETS2) for 2027. This cap will amount to 1 036 288 784 allowances for 2027 and contributes to the EU achieving its 2030 climate targets. The calculation of the cap […]
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The modular construction sector is on the brink of a significant transformation, with projections indicating its revenues could soar from $180 billion in 2022 to an estimated $1.1 trillion by 2040. This rapid growth comes at a time when the construction industry faces escalating labor shortages, rising material costs, and an urgent demand for affordable […]
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Global shipping giant A.P. Moller-Maersk has announced a bold plan to source up to 20% of its marine fuel from alternative sources by 2030, a pivotal step toward its goal of achieving net-zero emissions by 2040. The company’s sustainability strategy revolves around scaling up the use of green fuels such as bio-methanol, biodiesel, and bio-methane. […]
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