Cleantech funding hits record, but falls short of what net zero pathways require

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Brookfield's latest fundraise and the record money pumped into the energy transition sector last year show investors have an appetite for cleantech risk. The world needs more of it...

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COP28: Countries agree on deal called 'the beginning of the end of fossil fuels'

Image: UNFCC

The United Nations Climate Change Conference (COP28) closed on Wednesday with countries agreeing to phase down consumption of oil and coal, in a deal the UN said signaled the "begi...

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Daily Shorts: UAE's first commercial wind farm, Japan will subsidize hydrogen aeroplanes, and more

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The UAE launched its first commercial-scale wind power project, a 104 MW installation at four sites run by the emirates' green power company Masdar. Electricity from the wind farm ...

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Daily Shorts: Brookfield buys Banks' RE unit, ADNOC deploys CCS at select plants, and more

Canadian company Brookfield is buying the renewable energy division of UK-based Banks Group, the companies announced. The size of the transaction was not disclosed, but a report in...

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Middle East poised for clean revolution, RE capacity to hit 220 GW by 2030

The Middle East is primed for a 'clean revolution' with installed renewable energy capacity in the Middle East-North Africa (MENA) region set to grow from 40 GW in 2022 to 220 GW b...

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Weekend Roundup: India calls for green funds to emerging markets, Dubai picks Masdar for 1800 MW solar capacity

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The chief of India's central bank has said there was an urgent need for increasing green funds to emerging markets. Making closing remarks at a G20 finance event, Reserve Bank of I...

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Daily Shorts: Thyssenkrupp moves to decarbonize its steel, Iberdrola sells wind farm stake to Masdar

German industrial major Thyssenkrupp will invest around €3 billion to set up a green steel plant in Duisburg, the German government announced. Over €2 billion of that includes gove...

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Daily Shorts: Vietnam EV maker heads to US, gas companies push for investments and more

Streets of Houston, the most populous city in Texas. Image: Pexels

Vietnamese automaker VinFast announced it will next week begin constructing a $4 billion electric vehicle factory in the US state of North Carolina, also home to Toyota's battery f...

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Japanese PM wraps up Gulf tour with upgrade to Qatar ties

Japanese PM Fumio Kishida inspects a hydrogen-powered motorcycle engine in Saudi Arabia during his Gulf tour. Image: Japan PM Office

Japan's prime minister wrapped up a tour of the Middle East by agreeing to strengthen economic and energy co-operation with Qatar, the world's largest exporter of liquefied natural...

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UAE bats in favor of fossil fuels, suggests cutting emissions instead

The United Arab Emirates has pushed back in favour of conventional sources of energy, suggesting countries agree to phase out emissions rather than fossil fuels. Countries should a...

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Global Progress in 'Green' transition: Middle-East, North Africa (MENA)

Energy storage solutions, whether applied to the power grid or EVs, make systems more flexible and are suitable for meeting low cost, low carbon electricity demands. Following is a...

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Uniper, Hydrogenious of Germany, and JERA Americas with ADNOC to explore H2 opportunities

Uniper, Hydrogenious LOHC of Germany and JERA Americas together with the Abu Dhabi National Oil Company (ADNOC) have announced a joint study agreement (JSA) to explore hydrogen tra...

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