Transition VC launched its second fund, targeting Rs 1,500 crore ($150 million), to invest $2-5 million in 20-23 hardware and deeptech startups focused on the energy demand and supply value chain, reflecting growing investor interest in climate technologies.
POSCO International and Mongolian energy company Newcom signed a $100 million MOU for energy transition projects in Mongolia, focusing on district heating using heat pump technology to combat severe winter air pollution.
South Korea and Mongolia signed an MOU on energy transition and renewable energy development in Ulaanbaatar. The agreement covers cooperation in renewable energy, power infrastructure, climate policy, and workforce development.
Temasek Holdings increased its China exposure by S$10 billion ($7.7 billion) last fiscal year, the largest annual rise in five years. The state investor is shifting its portfolio towards AI, advanced technology, and "hard tech" sectors like robotics and biotech, moving away from consumer and real estate. China is now viewed as a maturing economy requiring selective investment.
Prime Minister Narendra Modi arrived in Indonesia for a state visit, met by President Prabowo Subianto. The visit, from July 6-8, aims to strengthen the Comprehensive Strategic Partnership, focusing on defense, maritime cooperation, and critical minerals trade.
Venture capital and private equity firms are increasingly investing in energy transition startups focused on clean energy, grid infrastructure, batteries, and industrial decarbonization, driven by the growing power demands of AI.
Zerodha co-founder Nikhil Kamath identifies significant investment opportunities in the energy transition, driven by global energy security concerns. He also views Indian IT companies as undervalued, suggesting foreign investors often misjudge market timing.
L'île croate de Krk, destination touristique majeure, est devenue un point stratégique pour l'Europe dans sa lutte contre la dépendance au gaz et au pétrole russes, grâce à ses terminaux pétroliers et gaziers.
Per la prima volta in oltre un decennio, la preparazione alla transizione energetica globale è diminuita nonostante investimenti record. L'Italia mostra un miglioramento significativo, posizionandosi 31esima nell'indice del WEF, grazie a progressi normativi e infrastrutturali, ma innovazione ed equità restano criticità.
Vincenzo Ranieri di Enel Grids Italy sottolinea come il PNRR abbia accelerato la transizione energetica, rafforzando le infrastrutture e connettendo 48 GW di rinnovabili. La sfida ora è potenziare ulteriormente la rete per facilitare nuove connessioni.
The Kudankulam Nuclear Power Plant's 5th unit, a joint India-Russia project, has installed its reactor pressure vessel, a crucial step towards operationality by year-end, contributing to India's clean energy goals and a total site capacity of 6,000 MW.
UK manufacturers face a "heavy drag" on competitiveness due to the highest electricity prices in the G7. Make UK and TUC call for expanded government relief, costing £3bn, to cover all manufacturers, as current schemes are too narrow.
Hawaii aims for 100% renewable electricity by 2045 and net-negative carbon emissions, but faces challenges in decarbonizing transport and diverse island energy needs. Geothermal and LNG are considered, alongside rapid solar, wind, and EV adoption.
A survey by the VKU reveals that 91% of German electricity distribution grid operators are pessimistic about achieving the 2030 renewable energy target. They cite regulatory hurdles, particularly the 'Nest' and 'Agnes' processes, and bureaucratic delays as major obstacles to necessary grid expansion.
The EU Commission is proposing to relax debt rules for member states, allowing higher borrowing for energy transition investments, similar to existing exceptions for defense spending. This aims to boost renewable energy projects and reduce fossil fuel dependency.
The EU Commission is proposing to relax debt rules for member states, allowing higher borrowing for energy transition investments. These expenditures could fall under an existing exception for defense spending, aiming to boost renewables and reduce fossil fuel dependency.
The European Commission proposes to further relax EU debt rules, allowing higher debt for investments in the energy transition, similar to existing exceptions for defense spending. This aims to boost energy independence and could allow Germany over €25 billion in additional investment.
Hong Kong's Templewater is targeting real estate, energy, and healthcare in Central Asia, aiming to connect Middle Eastern capital with the region. Chairman Cliff Zhang highlighted the need for investment diversification away from Western markets due to geopolitical volatility.
Indigenous groups in Colombia's La Guajira region face severe environmental and social impacts from decades of coal mining, with fears that renewable energy projects will exacerbate existing problems. Leaders cite malnutrition, displacement, and cultural erosion, demanding fair consent and control over land and water resources.
BNEF'in raporuna göre, küresel batarya depolama kapasitesi 2050'ye kadar 17 kat artacak. Güneş enerjisi 2032'de lider kaynak olacakken, yapay zeka veri merkezleri talebi artıracak ve petrol talebi 2029'da zirve yapacak.
Global investment banks like JP Morgan, Morgan Stanley, and UBS are holding forums in Asia, focusing on China's advanced technology and energy transition sectors. Despite a recent dip in FDI, these banks see China as a major beneficiary of AI development and green energy shifts, with significant capital inflows into its stock market.
The energy transition faces a "dirty secret": the extraction of raw materials for wind turbines and solar panels causes significant environmental damage. A study by the Cradle to Cradle NGO proposes a holistic approach, demanding that all materials used in renewable energy systems be non-toxic and fully recyclable.
As the US doubles down on fossil fuels under Trump, China leads the global shift to renewables, investing heavily in solar, wind, and EVs. This energy transition is reshaping global power dynamics, potentially ceding US dominance to China.
Families turn to dirty fuels such as firewood, bringing fears over air pollution and fragility of energy transitionIn the ramshackle lanes of a south Delhi slum, Afshana Khatoon crouched wearily on her haunches and began lighting a small pile of firewood.She had only just returned from six hours spent trudging through the urban forests and dry parks of India’s capital looking for kindling to turn into a makeshift stove. As the unforgiving summer heat soared above 40C, she had walked for miles, piling the sticks and fallen branches into a bundle on her head while sweat ran down her face. Continue reading...
