Vestas experienced a remarkable turnaround in 2024, achieving a 600% profit increase and prioritising quality.
Vestas records 600% profit surge in 2024
Ukraine’s largest wind farm expands amid ongoing war
The Tyligulska wind farm in Ukraine receives funding to expand from 114 MW to 500 MW, enhancing energy independence amid war.
Data indicates that the vertical farming market could be about to take off
Research shows vertical farming, driven by fresh vegetable demand and climate change, is set to grow to $6.46 billion by 2027, employing techniques like hydroponics and addressing arable land declines.
China’s oil demand could peak in 2025
China’s oil demand is forecasted to peak at 770 million tonnes in 2025 before declining to 240 million tonnes by 2060, driven by shifts in transportation and energy consumption habits.
COP29: Stalemate broken as Azerbaijan hails historic agreement, but some countries label it as worst COP ever
COP29 in Azerbaijan faced criticism but ultimately reached a historic agreement amid low ambition levels. Developed nations committed to a $300 billion loss and damage fund, falling short of developing countries’ demands.
Opinion: We need radical action on climate finance at COP29
The New Collective Quantified Goal needs a human rights-based approach to loss and damage – and we need to talk about the military, writes Maria Syed.
Fund built on the wealth of fossil fuels is targeting large renewable energy investments
Norway’s Sovereign Wealth Fund, valued at $1.71 trillion, plans large investments in renewable energy. It commits $1.01 billion to Copenhagen Infrastructure Partners for offshore and onshore wind, solar, and grid projects. Despite this, Norway’s oil and gas industry has not pledged to scale back extractions, drawing criticism.
Conservative Party received 40 percent of its donations from fossil fuel interests in the first week of the campaign
Rishi Sunak’s Tories accepted hundreds of thousands from major donors with financial ties to the oil and gas industry.
A record amount of capital raised from carbon pricing schemes
Global carbon pricing schemes raised a record $104 billion in 2023, but prices remain too low to meet Paris Agreement goals.
China’s carbon price tops RMB 100
By Jiang Mengnan China’s carbon price has topped RMB 100 (USD 13.80) for the first time. In July 2021, during the first month of the national carbon market, the price averaged about […]
A greener life, a greener world 