The US$100m global initiative aims to accelerate efforts to build a net zero global economy, forms part of HSBC’s climate strategy. LONDON : HSBC, in partnership with World Resources Institute (WRI) and WWF, today unveils their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change. The partnership’s three […]
Ola Introduces Electric Vehicle Taxi Rides In London
Ola is now offering electric vehicle (EV) rides on its platform to its customers in London. Ola claims that Ola EV rides cost its customers the same amount of money as their comfort category vehicles and there are almost 700 drivers currently working under Ola’s EV category. Ola expects more drivers to join their fleet […]
Ola Launches Electric Ride-Hailing Category in London
The category, called Ola EV, is a global first for Ola and will be available across London from Thursday and over time will roll out to other cities around the world where Ola is operational Mobility firm Ola on Thursday said it is launching a new electric vehicle (EV) category on its ride hailing platform, […]
BMW Plans Limited Series Hydrogen Fuel Cell SUV in 2022
Speaking at the carmaker’s annual shareholder meeting, Chief Executive Officer Oliver Zipse said the company plans a small production run of a hydrogen fuel-cell powered x5 SUV next year. LONDON: German carmaker BMW plans to unveil a limited series hydrogen fuel cell model SUV in 2022 as the company continues to research zero-emission alternatives to […]
Electric Startup Volta Trucks to Expand Model Range
Company founder Carl-Magnus Norden told Reuters the expanded model range – trucks in the 7.5-tonne, 12-tonne, 16-tonne and 19-tonne weight categories – is based on customer demands to add to its first model, the Volta Zero. LONDON: Electric truck startup Volta Trucks said on Thursday it will add three new models for inner city zero-emissions […]
Huge global disparities in electric car ownership – study
Europe sold more new electrified vehicles than China for the first time in 2020 and between them the two markets are home to more than 70 per cent of the 9.9 million electrified cars sold so far, the study shows. LONDON: Europe and China dominate the world market for electric cars, but there are still […]
OPINION: CO2 emission limits and economic development
But for their counterparts in developing countries, where energy is still scare and expensive, and other social problems are pressing, it is only one of a number of competing objectives. LONDON: For policymakers in North America and Western Europe, energy policy is often viewed exclusively through the lens of climate change, which takes priority over […]
Saudi Arabia signs agreements for seven new solar projects – SPA
The new projects, in addition to the new Sakaka solar and the Dumat al-Jandal wind projects, will have a more than 3,600 megawatt capacity. LONDON: Saudi Arabia has signed power purchase agreements with seven new solar projects that will provide electricity more than 600,000 households, state news agency SPA quoted Crown Prince Mohammed bin Salman […]
High stakes at sea in global rush for wind power
The drive among top fossil fuel producers to make fast inroads into lower-carbon businesses comes as more and more countries roll out plans to boost wind power in an effort to reduce their carbon footprint. LONDON: Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions […]
Sweden rejects pioneering solar geoengineering test
LONDON – Under pressure from indigenous people and environmental groups, Sweden’s space agency on Wednesday called off a landmark first test of technology that aims to slow global warming by dimming sunlight reaching Earth. The Swedish Space Corporation said it had decided not to conduct the technical test, which uses a high-altitude balloon, that was […]