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Germany
Germany Must Ask High Earners to Help With Energy Relief - Economic Council
Germany must tighten its energy-relief measures in the face of soaring inflation, ensuring only households and businesses that need help are on the receiving en…
Crude Oil
UK’s Market-Defying North Sea Oil IPO Falls Flat
After braving high-level market volatility in Britain’s biggest IPO of the year, North Sea oil and gas producer Ithaca Energy warned that any further boost to …
Net Zero Emission
France to Bankroll Development of Zero-Emission Ships With €300 Mln, Backed by $200 Mln From CMA CGM
France plans to assign € 300 million in public funding to help catalyze the decarbonization of its shipping sector and the development of zero-emission vessels…
ACWA Power Net Profit Surges 110% YoY in First 9 Months of 2022
Its operating income before impairment loss and other expenses grew by 11% YoY.
Australia
Australian Government Expands ARENA 2022-23 Federal Budget
This will include A$146.1m for the decarbonisation of the road transport sector.
Carbon Emissions
Saudi Arabia Commits $2.5 Bln to Middle East Green Initiative - Crown Prince
Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy o…
Egypt
Gates Foundation Gives $1.4 Bln Climate Help to Smallholder Farmers
The Bill & Melinda Gates Foundation has pledged $1.4 billion to help smallholder farmers cope with the impacts of climate change, part of efforts at global clim…
Net Zero Emission
Shell Signs ‘Large’ Cellulosic Ethanol Deal With Raízen Amid Growing Sustainable Fuel Demand
Energy giant Shell has entered into a long-term agreement with Brazil’s Raízen to buy a total of 3.25 billion litres of sugar-crane cellulosic ethanol in a bi…
United Kingdom
Rishi Sunak Secures £3.58bn Climate Finance Deal With Kenya
UK PM has agreed to fast-track six renewable energy projects being built in the African nation.
EU
EU Commission Offers €3bn for Innovative Cleantech Projects
It has launched the third call for projects under the EU Innovation Fund, covering topics including decarbonisation, innovative electrification in industry and …
Shell Signs Agreement to Acquire ECL Business of PANOLIN
Wholly-owned subsidiaries of Shell plc in Switzerland, the UK, the US, and Sweden have entered into agreements to acquire the environmentally considerate lubric…
Carlyle Backs Solar Developer Aspen Power with $350 Mln Investment
Private equity firm Carlyle Group Inc said on Thursday it has invested $350 million to acquire a majority stake in renewable energy developer Aspen Power Partne…
Bosnia and Herzegovina
Bosnia's Power Exports at Risk as People Switch to Electricity for Heating
Bosnia may be forced to cut exports as Bosnians turn to subsidised electricity for heating after a jump in prices for other fuels, including gas, firewood and w…
World Falling Short on Funding for Climate Adaptation - UN Report
The world is falling far short at rounding up money to help struggling nations adapt to the increasingly dangerous impacts of climate change.
LNG
Shell's Flagship LNG Trading Division Made Big Loss in Q3
Gas trading divisions by Shell’s peers performed much better.
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