The Senate bill containing President Trump’s domestic policy agenda at the last minute eliminated a new excise tax that would have hammered the renewable energy industry, a move that likely ensured Republican Sen. Lisa Murkowski of Alaska would back the measure. The excise tax would have been imposed on wind and solar energy projects constructed…
The latest version of the bill containing President Trump’s second term agenda would hobble the renewable energy industry with a new excise tax, in addition to speeding up the sunsetting of tax credits and other benefits. The additional tax on wind and solar projects, which appeared on page 558 in the version of the bill…
WASHINGTON (Reuters) -The latest version of the Senate’s massive budget bill that the Senate is racing through for a vote as soon as Saturday deals a fatal blow to the use of tax credits in place since 2005 to spur more wind and solar energy and would set a new tax on those projects for…
Wind power has run into some headwinds, and not the kind that spin its turbines. Recently, President Trump has decided to wage war against the technology, an unwelcome bit of friction that coincides with rising costs in recent years. Onshore wind power went for $61 per megawatt-hour last year, according to Lazard, bucking a decade-long…
SHEIN has become one of the biggest names in fast fashion, selling affordable clothes online to customers around the world. The company had revenues of around US$30–32 billion in 2023 and offered nearly 600,000 items for sale at any given time. However, SHEIN is also facing criticisms over its rising carbon footprint and net-zero initiatives. The…
IN A NUTSHELL 💡 The UK is building its largest pumped-storage hydroelectric power station in the Scottish Highlands. 🌊 The facility will utilize water power to deliver 1.8 GW of energy, powering 1.4 million homes for up to 22 hours. 🏗️ The ambitious project, led by Gilkes Energy, will create around 500 jobs and take…
IN A NUTSHELL 🌌 Space Solar has developed a groundbreaking power-beaming technology to deliver wireless solar energy from space. 🛰️ The Cassidi project confirmed the technical and economic viability of using pre-fabricated solar reflectors to capture and beam solar energy. 🔋 The system can electronically steer the energy beam 360 degrees, enhancing cost-effectiveness and efficiency…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
Hong Kong businesses are keenly observing the burgeoning new energy opportunities in the Middle East, as Gulf nations seek to diversify their oil-dependent economies and pave the way for a sustainable future. Cliff Zhang Kun, chairman of Templewater and Bravo Transport, which owns bus operator Citybus, said that the company was in discussions with Qatar…
In a world facing the impending realities of the climate crisis, biodiversity loss, and social inequality, sustainable development is no longer an option—it is an imperative. As two of the world’s leading economies, the UK and India are uniquely positioned to collaborate on solutions to build a greener and inclusive global economy. Both countries have…