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Germany unveils new measures to strengthen wind industry and combat Chinese influence
Germany is set to introduce new measures aimed at bolstering its domestic wind industry, as concerns mount among European governments and companies about the growing influence of Chinese firms in the sector. The economy ministry announced that these measures will focus on enhancing cybersecurity, reducing…
October 17, 2024 -
China’s LNG imports surge, but natural gas’s role in power generation declines
China has significantly increased its liquefied natural gas (LNG) imports this year, reaching the highest levels since 2021, alongside record electricity generation from natural gas. However, a deeper examination of the country’s electricity generation landscape reveals that natural gas plays a minimal role in the overall energy mix…
October 17, 2024 -
China plans to inject $561.8 billion into real estate via expanded “Whitelist” program
China’s housing ministry announced an expansion of the “whitelist” program for real estate projects, aiming to boost bank lending for unfinished developments to 4 trillion yuan ($561.8 billion) by the end of 2024. This is part of a broader effort to stabilize the real estate market, which has faced a severe downturn since 2021…
October 17, 2024 -
US opens $900 million in grants to fast-track small modular reactors
The U.S. has opened applications for up to $900 million in funding to accelerate the domestic deployment of small modular reactors (SMRs), which are seen as a crucial technology for decarbonizing the energy sector. SMRs offer a more flexible and scalable alternative to traditional large nuclear plants, with…
October 17, 2024 -
Lithium Americas partners with GM in $625 million Thacker Pass investment
Lithium Americas has solidified a significant partnership with General Motors (GM), announcing a $625 million investment from the automaker to further develop the Thacker Pass lithium project in Nevada. As part of this agreement, GM will acquire a 38% stake in the project, which is crucial for securing lithium, a key…
October 17, 2024 -
EU reaches out to Gulf States, first-ever summit with GCC scheduled
The European Union is set to hold its inaugural summit with the Gulf Cooperation Council (GCC) on Wednesday, marking a significant diplomatic initiative aimed at strengthening ties with this influential region. The EU’s outreach to various international partners comes in response to geopolitical shifts, particularly following…
October 16, 2024 -
China’s aluminum production set to hit record highs as Q4 growth projections soar
China’s aluminum output is on track for a record-breaking year, with production expected to continue rising through the remainder of 2024. National aluminum output is projected to grow by 3% in the fourth quarter, reaching 11 million tons, according to Shanghai Metals Market (SMM). This growth is driven by stable…
October 16, 2024 -
EU pushes for broader global participation in climate finance ahead of COP29 talks
The European Union (EU) has outlined its stance ahead of the COP29 climate talks, set for next month in Baku, Azerbaijan, with a focus on transforming billions in climate finance into trillions. However, a key question remains unanswered: how the EU plans to increase funding for developing nations to combat global warming…
October 16, 2024
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