Lumos Global BV signed a deal with Hinckley Group to recycle thousands of lithium batteries as the Dutch company specializing in off-grid power in West Africa sees strong sales growth amid the outbreak of the coronavirus pandemic. The Amsterdam-based company already delivered 10,000 lithium batteries to Hinckley to recycle at its facility, a first of […]
The Great Reset: 7 Environment and Sustainability Stories to Watch in 2021
2020 upended life as we know it. The coronavirus killed almost 2 million people and counting, while roughly 100 million people fell into extreme poverty. The world entered its worst recession since the second world war. Deep-rooted racial and economic injustices were exposed, while the impacts of the pandemic itself fell disproportionately on communities of color. And these crises […]
Copper prices may rise further on Chinese demand, decarbonization efforts
Copper has gained nearly 25 percent year-on-year but since March-end, when it slipped to a low of $4,500 a tonne the metal has gained 75 percent. Copper prices, which have surged to an eight-year high on the London Metal Exchange (LME), may gain further on demand from China and efforts of decarbonization by various governments […]
Mukesh Ambani pitches for reforms in renewable energy
The RIL chief forecast an ‘explosive and exponential growth’ in the Indian economy in the post-Covid era Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Saturday said India needs disruptive solutions in renewable, low carbon and carbon recycle technologies as well as breakthroughs in renewable energy and innovations in storage and utilisation to achieve the […]
Green bonds shoot past $1 trillion mark in record month
Record Month Shoots Green Bonds Past Trillion-Dollar Mark Amid global turmoil, green bond issuance is serving as a beacon for sustainability, surpassing $1 trillion issued since the market’s inception in 2007 London and New York: Green bonds have passed their biggest milestone yet, with more than $1 trillion issued since these securities first emerged in 2007, […]
Covid-19 contributed in 2.5 years’ worth fall in emissions: BNEF report
The report attributed the current fall in emissions to build-out of wind and solar power, the uptake of electric vehicles and improved energy efficiency across industries. The New Energy Outlook (NEO) 2020 by Bloomberg New Energy Finance (BNEF) indicated, the drop in energy demand due to the coronavirus pandemic would remove 2.5 years’ worth of […]
U.S. solar stocks rise on Biden’s clean energy focus in pre-election debate
SOLAR-STOCKS/U.S. solar stocks rise on Biden’s clean energy focus in pre-election debate U.S. solar stocks rose on Friday after U.S. Democratic presidential candidate Joe Biden said in the final pre-election debate on Thursday night that if elected he plans to transition to a more climate-friendly economy. Shares of Renesola Ltd, Jinkosolar Holding Co Ltd , […]
German consumers to get cheaper power after green levy is capped
FRANKFURT: German consumers can look forward to lower energy bills next year after a reduction in a surcharge they pay to support renewable power. Average households will see power prices fall by 1%, which translates to 12 euros of annual savings for a three-person household, price comparison site Verivox said on Thursday. The surcharge was […]
Goa: Cabinet approves 4-month power bill relief for consumers
JERC issues tariff orders after admitting petitions and holding public hearings. The department has been filing tariff and aggregate revenue requirement (ARR) petitions before the JERC for every financial year Panaji: To reduce the burden on consumers in view of the pandemic, the state cabinet on Wednesday decided to give all categories of consumers a […]
5 Would-Be European Giga-Scale Solar Manufacturers
Solar manufacturing has strategic importance in Europe. Here are five companies hoping to scale up and take advantage. Solar’s global shift from fringe to mainstream is a story Made in China. The likes of Jinko Solar, Trina Solar and Longi have dominated. They scaled first and fast — with more than a little help from […]