London CNN — When US President Joe Biden signed the Inflation Reduction Act into law, he enacted the biggest climate investment in American history — a landmark moment for a nation that pumps more carbon into the atmosphere than any country bar China. “Our Department of Energy estimates that the new law will reduce emissions […]
Hong Kong/Seoul CNN — South Korea’s leader is capping off a whirlwind week, after securing tens of billions of dollars in investment from the Middle East and vowing to have his country play a more important role in revitalizing international supply chains. On Monday, South Korean President Yoon Suk Yeol announced that the United Arab […]
London CNN Business — Indonesia produces more nickel than any other country. As demand soars for batteries to power the energy transition, that presents a huge opportunity, and the archipelago nation of 276 million people intends to take advantage of it. With the electric vehicle revolution driving up demand for key battery metals such as […]
CNN — When Hurricane Fiona slammed into Puerto Rico in September, it triggered a nearly island-wide blackout as the storm’s strong winds took down the fragile power grid. Carlos Ramos spoke to CNN as he helped his friends clean up their flood-damaged beach home in Salinas. Ramos said most of his neighbors in Aguas Buenas, […]
London CNN Business — Conventional economic logic hinges on a core assumption: Bigger economies are better, and finding ways to maintain or boost growth is paramount to improving society. But what if growth is at best doing little to fix the world’s problems, and at worst fostering the destruction of the planet and jeopardizing its […]
CNN — US climate envoy John Kerry on Thursday defended his plan to raise cash for climate action by selling carbon emission offsets to companies, telling CNN there was “not enough money in any country in the world to actually solve this problem.” Speaking to CNN at the COP27 climate summit in Egypt, Kerry said […]
New York CNN Business — In 2019, Air Company made a splash when it launched vodka derived from recaptured carbon, in an effort to reduce the amount of the harmful greenhouse gas in the atmosphere. Today, the Brooklyn-based startup has begun using the same process to make fuel for airplanes. Air Company’s sustainable aviation fuel, […]
CNN — One of the biggest surprises at last year’s United Nations climate summit came in the form of a handshake. US climate envoy John Kerry and his China counterpart Xie Zhenhua did so at COP26 in Glasgow as they announced a commitment to cooperate on the climate crisis. The countries vowed to work together […]
Hong Kong CNN Business — Europe’s gas crisis will be “a catalyst” for Mercedes-Benz to push deeper into clean energy, says its CEO. In an interview Sunday, Ola Källenius told CNN Business that the automaker had been leaning more toward wind energy for its operations due to the long-running power crunch, which has weighed on […]
London CNN — Wind and solar power have made up a record 24% of the European Union’s electricity mix since Russia launched its war on Ukraine, a new report says, a boost that has also helped the bloc battle soaring inflation. The growth in renewable power capacity has saved the 27-nation bloc €99 billion ($97 […]
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