Tag: Energy Transition
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Global Ministers Meet in Washington to Forge a Critical Minerals Alliance
Overview: A Cross-Continental Push for Critical Minerals Ministers from the United States, European Union, United Kingdom, Japan, Australia, and New Zealand are converging in Washington this week to discuss a strategic alliance centered on critical minerals. The gathering marks a concerted effort by major democracies to secure reliable supply chains for minerals essential to modern…
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Tycoon’s fuel dream cost taxpayers $80m: what happened and why it matters
What happened In a high-profile energy venture that drew national attention, billionaire Andrew Forrest’s bold plan for a new fuel project faced scrutiny as the bill to taxpayers rose to about $80 million. The project, pitched as a modern solution to energy security and economic development, encountered a series of hurdles—from regulatory delays and cost…
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Pakistan commits to low-carbon growth under NDC and climate policy
Pakistan embraces low-carbon growth amid economic and climate commitments Pakistan has reaffirmed its commitment to pursuing a low-carbon development pathway while safeguarding economic growth, in line with its Nationally Determined Contribution (NDC) and National Climate Change Policy. At a recent event in Islamabad, President Asif Ali Zardari underscored that the country’s climate strategy is designed…
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Zardari Affirms Pakistan’s Low-Carbon Growth Path
Pakistan Reaffirms Commitment to Low-Carbon Growth In a statement issued this week, President Asif Ali Zardari reaffirmed that Pakistan is dedicated to pursuing low-carbon development while protecting economic growth. The remarks come as the country advances its Nationally Determined Contribution (NDC) and National Climate Change Policy, aiming to align development priorities with environmental stewardship. What…
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The $20 Billion Bet: What Shell’s Mega-Investment Signals about Nigeria’s New Reality
Introduction: A turning point for Nigeria’s investment landscape When a global energy giant announces a $20 billion investment in a single country, it rarely happens purely for short-term returns. In the case of Nigeria, Shell’s mega-commitment signals a recalibration of risk, opportunity, and national strategy. This is more than a financial headline; it is a…
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Wind and Solar Power Overtook Fossil Fuels in Europe: A Turning Point for the Continent’s Grid
Europe’s Energy Turning Point: Wind and Solar Lead the Way In a historic shift for European electricity, wind and solar energy together surpassed fossil fuels as the primary source of power generation last year, according to analysis from Ember, a respected energy think tank. The finding marks the first time that renewables outpaced traditional energy…
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EU Sees Turning Point: Wind and Solar Lead Over Fossil Fuels in 2023
Overview: A Historic Shift in Europe’s Power Mix In a landmark development, wind and solar power together accounted for more electricity in the European Union last year than all fossil fuels combined. The finding, reported by the energy think tank Ember, marks the first time clean renewables rivaled and then surpassed traditional fossil sources in…
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Wind and Solar Overtook Fossil Fuels in Europe: A Historic Shift in Power Generation
A landmark moment for Europe’s electricity mix Renewable energy sources, led by wind and solar, surpassed fossil fuels as the primary source of electricity in the European Union last year, according to the Ember think tank. This marks a historic pivot in Europe’s energy landscape, driven by record-strong wind and solar output, falling costs, and…
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Khazanah to Channel More Capital into Power Grids and Chip Firms as AI Fuels Growth
Khazanah Announces Strategic Shift to Power Grids and Local Chip Firms Malaysia’s sovereign wealth fund Khazanah Nasional Bhd revealed plans to deploy more capital into two critical areas: strengthening the country’s power grid and supporting local semiconductor firms. The move comes as artificial intelligence (AI) and digital infrastructure push demand for reliable energy and cutting-edge…
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Citicore aims for 3 GW with $2B capex push
Citicore sets bold course to 3 GW capacity Citicore Renewable Energy Corp. (CREC) has unveiled a significant capital expenditure plan aimed at accelerating its project rollout and reaching about 3 gigawatts (GW) of capacity by year-end. The company disclosed that it is setting aside roughly $2 billion (approximately PHP 118.9 billion) to fund the development…