China finds bigger role as US sidesteps Brazil climate summit
China has stepped into the spotlight as a leader of the global warming fight, with the United States missing the U.N.'s annual climate summit in New York for the first three decades. The country's pavilion dominates the entrance of the sprawling COP30 grounds in Brazil’s Amazonian city of Belem. Executives from its largest clean energy companies present their visions of a greener future in English to large audiences…
As yttrium shortages grow, a new rare earth crisis is on the horizon
Due to Chinese export restrictions on yttrium, global supplies are in short supply. This has led to fears of shortages, and a rise in costs, which could affect aerospace, energy, and semiconductor production. In April, China, which is the primary source of this element, used in coatings that protect against high temperatures and in alloys for engines, limited exports, along with six others rare earths, in response to U.S. duties.
COP30: Brazil seeks biofuel boom, but critics query climate impact
Timothy Searchinger is a senior research scholar from Princeton University. He said that when land produces fuel instead of food someone else will have to clear more land or eat less. Biofuels are counted at zero, so countries believe that they have cut emissions. He said that in reality, the pressure is shifted onto food and land systems. India has already shown signs of this pressure.
As the US shutdown comes to an end, UK's FTSE100 hits a record high.
Investors welcomed signs that the long-running U.S. shutdown may be ending. The blue-chip index ended 0.1% higher and is now within striking distance of 10,000. The FTSE 250 mid-cap index was down by 0.7%. Upgrade the UK's regulated electric networks and expand their renewable business. Metal mining companies gained 1.3% in value as the copper price increased on global commodities markets. Market sentiment improved after growing optimism that the U.S.
Made in Nigeria: Africa's drive to become a solar superpower
In pink overalls they pack the tested products to be shipped from the Salpha Energy solar assembly plant near Calabar, West Africa. It's not happening at home anymore. Salpha Energy, which began in 2017, has produced solar power systems for over two million Nigerian households and businesses. It aims to produce up to 300,000. Salpha Energy is part and parcel of the green leadership that Africans attending the U.N. COP30 Climate Summit in Brazil want to promote and showcase.
The UK's FTSE100 is down as energy and industrial shares weigh
The FTSE 100 index in London dipped on Wednesday, after two sessions of record-high levels. Losses in energy and industrial shares weighed heavily on the market. Blue-chip index fell 0.1% to 9,886 as of 1214 GMT. However, it is still nearing record levels and within striking range of the 10,000 point. The mid-cap index FTSE 250 rose 0.1%. The market sentiment improved this week as investors hoped for a resolution to the U.S. Government shutdown. Investors expect that the U.S.
Source: India's power giant NTPC is planning to enter the coal gasification business.
Sources familiar with the plan said that NTPC, the Indian coal power company, is planning to enter the coal gasification market. The company plans to produce 5-10 million tonnes of synthetic gas per year over the next 3-4 years. Source: The company is currently looking for sites to build the project and is preparing a tender for technical consulting for the project. Source: NTPC, who also uses coal from their own mines, wants to use coal in the production of synthetic gas.
Sponsored: Energy Sector Urged to Scale AI Adoption at ADIPEC
Day two's theme 'The Technology Leap: Redefining Energy Leadership' underscored how strategic AI adoption and digital innovation are reshaping energy leadership, with industry voices calling for coordinated investment to unlock transformation at speed and scale Experts debated AI’s role in boosting efficiency, enhancing resilience and unlocking investment while addressing the balance between AI’s potential and its impact on energy demand Key speakers included Jack Hidary CEO…
Trump adds copper and metallurgical coke to the US list of critical minerals
The Trump administration released a list of essential minerals on Thursday, including copper, which plays a vital role in electric vehicles, power grids and data centers. It also includes metallurgical coke, which can be used to produce coke. The list of minerals maintained by the Interior Department guides federal investment and permits decisions, and shapes government's overall mineral strategy.
Sponsored: Policy, AI, and Capital Take Center Stage at ADIPEC 2025
ADIPEC 2025 kicks off in Abu Dhabi with a powerful message from Dr. Sultan Al Jaber for a balanced and inclusive approach to meeting energy demand, built on reinforcement, not replacement. Opening addresses and high-level sessions featuring CEOs and ministers spotlighted the importance of embracing all energy sources, all technologies, and all systems that enhance energy resilience and provide the world with prosperity for all.
Nvidia joins India Deep Tech Alliance, adding new members and $850 million pledge
Nvidia joined Indian and U.S. Investors in supporting the deep-tech startups of South Asia on Wednesday. The group has added new members, and received more than $850 Million in capital commitments. The India Deep Tech Alliance has welcomed new investors including Qualcomm Ventures. Activate AI. InfoEdge Ventures. Chirate Ventures. In September, the program was launched with an initial $1 billion commitment to support industries like space…
Fashion brands boost solar energy with textile suppliers
Textile suppliers in Bangladesh, who account for 85% exports of Bangladesh, are under pressure to become more environmentally friendly. They hope that new initiatives will help them find the money they need to expand rooftop systems powered by solar energy. Few energy companies are willing to invest in solar power plants because they fear that smaller factories may default on their commitments.
Exxon exceeds Q3 profit expectations on higher Guyana and Permian production
Exxon Mobil surpassed Wall Street expectations for the third quarter earnings on Friday. This was due to higher oil and natural gas production in Guyana, and the Permian basin, which helped offset lower oil prices. LSEG data shows that adjusted earnings for the quarter July-September were $8.1 billion or $1.88 a share. This was higher than analysts' expectations of $1.82 a share. Brent crude prices were $68.17 on average in the third quarter of this year…
Exxon exceeds Q3 profit expectations on higher Guyana and Permian production
Exxon Mobil surpassed Wall Street expectations for the third quarter earnings on Friday. This was due to higher oil and natural gas production in Guyana, and the Permian basin which helped offset lower oil prices. LSEG data shows that adjusted earnings for the quarter July-September were $8.1 billion or $1.88 a share. This was higher than the consensus analyst estimate of $1.82 a share.
Why are rare earths important and what are they?
The U.S. Keep Chinese rare earths exports flowing. What are they? Rare earths is a grouping of 17 elements, including 15 metals that are silvery white, called lanthanides or lanthanoids. They also include scandium and yttrium. What are they used for? Rare earths, or the magnets that they can sometimes be made into, are found in small quantities but in important quantities in everything from iPhones to washing machines and the F35 fighter plane.
Havells led funding round secures $171 Million for India's Goldi Solar
Goldi Solar, India's largest manufacturer of solar modules, announced on Wednesday that it had raised $142,1,000,000 ($171,000,000) in growth capital, led by the electrical equipment giant Havells India. Shahi Exports and SRF Transnational Holdings are among the high-net worth individuals and companies that invested in this round. The money raised will be used to support Goldi Solar in its manufacturing expansion, and the production of solar cells in Gujarat.
Britain announces a budget of $1.45 billion for offshore wind auction
Government documents revealed on Monday that Britain will offer a lower budget for offshore winds in its next round of auctions to encourage investment in renewable energy capacity. One analyst said the country would struggle to reach its clean power goals. The documents released on Monday show that the next round of auctions will have a budget for fixed, traditional offshore wind projects of 900 millions pounds, down from last year's 1.1 billion pounds.
Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid
In line with the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, world-first project reaffirms UAE’s leadership position in clean energy, directly addressing intermittency of renewables. Project will reimagine potential of renewable energy, delivering 1GW of baseload power at a globally competitive tariff, establishing a blueprint for…
Trump reverses Biden's rules on copper smelters
The U.S. president Donald Trump reversed on Friday a Biden-era rule on air pollution that had set stricter limits for emissions from copper smelters. Under updated federal air standards, the copper rule finalized in 2024 required smelters reduce pollutants such as lead, mercury, arsenic and dioxins. The White House says that Trump's proclamation will help to promote American mineral security, by reducing the regulatory burden on domestic copper producers. The U.S.
Baker Hughes exceeds profit expectations on the strength of industrial and energy technology demand
Baker Hughes, a provider of oilfield services, beat Wall Street expectations for its third-quarter profits on Thursday. This was due to the strength in their industrial and energy technologies (IET) division. Oilfield services firms are navigating a volatile oilfield market. Resilient areas such as LNG infrastructure, upgrades to the power grid, and increasing electricity demand by data centers help support growth.