Latest: Energy News
The central bank will extend its policy to support companies' carbon-reduction projects for three more years – up till the end of 2027
Some 73 companies are now on the US blacklist. New additions include Rare Earth Magnesium Technology Group in Hong Kong and Century Sunshine Group, which make magnesium fertilizer and alloy products.
China is the world’s biggest emitter of greenhouse gases and has set ambitious targets to cut down its emissions, including hitting peak carbon levels by 2030
Over half of all vehicles sold in China last month were either new pure electric vehicles (EVs) or plug-in hybrids, industry data has revealed
Russia and China are looking at bilateral barter deals, as a way to avoid use of international banking systems, which can be monitored, trade sources say
The move is significant given estimates that the carbon removal industry could earn up to $100 billion a year by 2030, but remains plagued by scepticism
Computational random-access memory (CRAM) performs tasks directly inside memory cells, reducing power demands for AI workloads
Customs data on Wednesday showed China's imports were boosted by greater chip imports, but exports rose by the slowest pace in three months, which adds to concern about the trade outlook
All existing carbon credits linked to renewable energy projects failed to qualify as per the Core Carbon Principle standards due to concerns over their role in preventing emissions
The Nikkei in Japan suffers its biggest ever one-day loss, plummeting by a whopping 13%, while Taiwanese and Korean shares both sank by more than 8%.
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Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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