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Energy
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  • ‘Modest adjustments’ to plans for use of electric arc furnaces (EAFs) versus coal-fired furnaces would pay off, Global Energy Monitor says
  • As of January, EAFs account for 14 per cent of China’s steelmaking capacity, according to report

Confidence is eroding, as the percentage of executives predicting net zero by 2060 instead of 2050 rises to 62 per cent from 54 per cent a year ago.

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Russian officials reported attacks on energy facilities, including a fire at Lukoil’s Norsi refinery and a drone destroyed on the outskirts of the town of Russia’s second largest oil refinery.

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The world’s third-largest coal miner, after China and India, undercounts methane emissions from production of the fuel, jeopardising the nation’s international climate commitments.

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CLP will source more nuclear energy from China’s Guangdong province to feed its power grid and sees business opportunities in decarbonisation as it phases out coal-based assets.

Despite the energy firm saying it holds the necessary permits, conservationists say some indigenous groups living in the area have no idea of the wind project.

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Start-up H2 Solution is planning to set up its operations at Hong Kong’s science and technology park in Pak Shek Kok as a launchpad into overseas markets.

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Roscosmos space agency chief Yuri Borisov says the project, being considered for 2033-2035, could eventually allow the building of lunar settlements.

China’s global dominance in the production of three key energy transition products – electric vehicles, batteries and solar panels – will face more challenges this year from industry overcapacity, price wars and trade barriers, French bank Natixis says.

GRST, the Hong Kong green technology start-up which won Prince William’s Earthshot Prize, is in talks to deploy its eco-friendly batteries in a range of electrical applications, COO Karen Ng says.

Ahead of the biggest political event of the year, China’s energy security gets more play against the backdrop of international criticism and fresh warnings from the United States.

Indian refiners are concerned the latest sanctions will make it harder to get vessels for Russian oil and could drive up freight rates.

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Japan is being criticised for not standing up for human rights by calling out Vladimir Putin or the Russian government over opposition leader Alexei Navalny’s death in custody.

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Banks need to adopt more forward-looking and long-term metrics on risk-return assessments to meet growing climate financing needs, according to top bankers at the Climate Business Forum.

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Controlling a combined net worth of US$140 billion, these top 5 elites in Indonesia earned their fortunes with interests ranging from energy and mining to instant noodles

It is the second nation to do so after Sweden closed its own inquiry earlier this month, while Germany remains interested in solving the case.

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The industry’s battle with overcapacity may be drawing to a close after years of bruising price wars and rapid capacity build-up plunged half the players into the red and forced many out of business, analysts say.

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China is at risk of missing its climate targets and suffering major economic losses unless it takes decisive actions to put a halt to runaway coal power plant expansion and reform outdated power grid management, says Centre for Research on Energy and Clean Air.

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GGSN, which is partly owned by New World Group, is in talks to set up research, product development and marketing facilities in Hong Kong, where it hopes to demonstrate its autonomous charging devices in the car parks of offices and malls.

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