More than 100 leading wind energy companies call on Paris Signatories to streamline planning and permitting, upgrade grid infrastructure and evolve power markets to accelerate renewable energy deployment. New York : A global coalition of 108 leading wind energy companies and associations, representing 81% of installed wind energy worldwide, has challenged governments to take dramatic […]
Ibri II Solar Park to Support Oman’s Paris Accord Goals: Report
Last year, AIIB’s Board of Directors approved financing of up to $60mln for the Ibri II project. Oman’s first and largest utility-scale solar photovoltaic (PV) Independent Power Project (IPP), which is slated to come into operation at Ibri in Al Dhahirah Governorate this month, will make an important contribution to the Sultanate’s commitments under the […]
5 Year Anniversary of Solar Impulse 2 Atalantic Crossing
Five years ago, on 23 June 2016, the explorer and innovator Bertrand Piccard made the world’s first Atlantic solar-powered flight, flying from New York, USA to Seville, Spain on the 17th leg of the Solar Impulse 2 project’s historic round-the-world voyage. The flight, which used no fossil fuels and made zero emissions, broke four FAI […]
Europe Powers Up Electric Car Battery Drive
Automakers, which are under pressure to transition out of fossil fuel vehicles, are putting money into battery production. Paris: As electric car sales soar, Europe has started to build up its capacity to produce batteries on the continent but it remains far from reducing its dependence on Asia. China, Japan and South Korea produce most […]
Renault to Combine Three French Plants For Electric Vehicles Hub
The new company will include the Douai car assembly site, the Ruitz gearbox manufacturing site and the Maubeuge commercial vehicles assembly plant from Jan. 1, 2022. PARIS: French carmaker Renault will combine three of its plants in northern France into a new legal entity, Renault ElectriCity, to focus on electric vehicle manufacturing, two sources close […]
ENGIE : Utility Engie to Boost Investments in Renewables and Step Up Asset Sales
PARIS : French power company Engie announced on Tuesday plans to boost investments in the renewables sector and step up disposals of non-core assets, as part of a strategic program to improve its business performance. Engie said it was targeting between 9-10 billion euros ($11-$12 billion) worth of disposals over 2021-2023, which in turn would […]
JPMorgan Chase Releases Carbon Reduction Targets for Paris-Aligned Financing Commitment
Carbon CompassSM methodology outlines how the firm established its targets and will measure performance over time. Annual ESG Report provides updates about the firm’s approach to help clients transition to a low-carbon economy Firm achieves operational carbon neutrality and establishes new operational goals. NEW YORK : JPMorgan Chase today released comprehensive steps it is taking […]
World’s First Hydrogen Cargo Vessel Set for Paris Debut
The vessel will operate on compressed hydrogen produced from electrolysis, enabling not only zero-emission operations but also creating a solid base for more local zero-emission transport, both at sea and on land. The world’s first commercial cargo transport vessel operating on hydrogen will occur on the Seine River, according to Flagships, a European project. Commercial […]
AIIB Launches Sustainable Development Bond Framework
Includes Commitment to Report on the Bank’s Environmental and Social Impacts. Today, the Asian Infrastructure Investment Bank (AIIB) launched a new framework to help the investor community better assess how the Bank is living up to its sustainability commitments. The Sustainable Development Bond Framework clearly outlines how AIIB is adhering to the principles set out […]
The global race to develop ‘green’ hydrogen
Europe in particular is anxious to get a handle on the new and still costly fuel, having missed the boat on solar and battery technology, which is dominated by China. Paris: It’s seen as the missing link in the race for carbon-neutrality: “green” hydrogen produced without fossil fuel energy is a popular buzzword in competing […]