United Nations Secretary-General Antonio Guterres today spoke before countries’ representatives gathered at the start of the COP27 summit in Egypt. He told them that they had a choice. First, they may work together now to reduce emissions. The second is to condemn future generations to climate disaster. The speech struck the guests at the summit. …
The United Nations climate summit, COP27, begins on Sunday in Sharm El Sheikh, the famous touristic resort in Egypt. The main subject before the summit was growing calls for rich countries to make climate compensation to the poorer countries for the damage made due to climate change. Poor countries are most vulnerable to climate change …
The COP27 summit starts with a call to discuss climate compensation Read More »
South Africa’s president said in his speech at pre-COP27 on Friday that his country needs about $84 billion over the next five years for energy transition and to cut carbon emissions. South Africa also needs to capitalize on economic opportunities from the energy transition and assist the country’s affected communities. The transition from coal needs …
South Africa needs $84 billion for energy transition for five years Read More »
Ten European countries agreed today to outline how they will limit export finance support for overseas fossil fuels projects this year. But they shelved a draft pledge to explicitly end it after Italy objected. At last year’s United Nations Climate Change Conference (COP26), 20 countries, including Italy, the United States, and Germany, pledged to end …
Following regulators’ warnings about fragmented capital markets, the European Union sought to reassure international companies this week that it would seek to align its disclosure sustainability rules with a global initiative. The EU is nearing completion of mandatory environment, social, and governance (ESG) disclosures for approximately 50,000 companies across the bloc. It is an effort …
EU: There must be better alignment with global sustainability rules Read More »
Due to hazardous pollution, authorities in New Delhi ordered primary schools to close on Saturday and instructed schools to suspend outdoor activities for older students. The reason is that the air in the world’s most polluted capital had become a serious health risk. Every winter, filthy smog forms over the Indian capital. Cold, heavy air …
Hazardous pollution season opened: Schools in India shut Read More »
Nissan Motor Co’s discussions with Renault SA are centered on optimizing their investment in electric cars. They plan to strengthen their competitiveness as equal partners. This was announced by the Japanese automaker’s CEO Makoto Uchida. People familiar with the talks say that negotiations with Renault have less than two weeks left to meet the automakers’ …
Nissan and Renault – jointly plan to surpass Tesla in electric cars Read More »
Polestar announced at the end of this week that it had secured $1.6 billion in financing. The finances come from its two main shareholders. Their aim is to help Polestar to deliver on its growth plans in turbulent markets. Volvo Cars co-founded the brand Polestar together with China’s Geely in 2017. Volvo announced an $800 …
EV maker Polestar gets gigantic financial support from its major shareholders Read More »
Tesla’s dominant market share in California’s electric vehicle market fell again this year. Automobile experts have calculated Tesla’s competitors took their share of the market and are taking more every day. The experts’ calculations are based on government data for the period between this January to September. Taking the data from the new vehicle registration …
Tesla’s rivals are “eating” its California EV market share Read More »
The government of Canada announced yesterday that it is going to introduce refundable tax credits for clean technologies. The worth of these refundable tax credits is up to 30% of investment costs. The aim is to close competitive gaps with the United States in scaling up green technologies. Also, Canada plans to launch a growth …
Canada: Tax credits for clean technologies and growth fund Read More »
