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What is causing the Biblical deluge in Central Europe?

Ben Aris in Berlin September 16, 2024

Central Europe is underwater as it grapples with a Biblical deluge, with record rainfall smashing all records and across countries in what experts are calling a “historic flood event.” And this torrential downpour didn’t come out of the blue.

Climate crisis fuels wildfires across Latin America with Brazil hardest hit

bne IntelliNews September 16, 2024

Brazil and large swathes of Latin America are battling severe wildfires this year, even in traditionally wet regions, as they grapple with a harsh drought. The effects of climate change are disrupting the lives of millions across the continent.

Hard to make and inefficient to use, hydrogen won’t save the climate

Ben Aris In Samarkand September 12, 2024

The numbers simply don't add up. It is predicted that 390mn tonnes of hydrogen will be required annually worldwide by 2050 but today a total of about 2.5mn tonnes is being produced worldwide and investors are shying away from the business.

Gensol Engineering, Matrix Gas secure green hydrogen valley project in India

bno - Mumbai Office September 12, 2024

Gensol Engineering Limited, in partnership with Matrix Gas & Renewables, has been awarded the contract to establish a green hydrogen valley in Pune, Maharashtra, as per a stock exchange filing by Gensol on September 11.

Global heating could exceed 3°C by end of century, say researchers

bne IntelliNews September 11, 2024

Methane emissions are rising faster than ever before, says new research led by Stanford University. The problem is so dire that global heating could exceed 3°C by the end of century, a level at which there would be chaos at an unprecedented level.

Brazil grapples with fire pandemic as climate woes intensify

bne IntelliNews September 11, 2024

In 2024, Brazil is waking up to the reality of climate change as it deals with wildfires up and down the country. A severe drought in the Amazon region is also causing alarm as water levels in the eponymous river drop dangerously low.

India's Tata Power surpasses 100,000 home EV charger installations

bne IntelliNews September 11, 2024

Tata Power, one of India's largest integrated power companies and a leading EV charging solutions provider, announced on September 9 that it had surpassed the installation of 100,000 home EV chargers nationwide.

Russia pressing Central Asian states to embrace nuclear power

Eurasianet September 10, 2024

Hoping to drum up some much-needed cash to help fuel the Kremlin’s war effort in Ukraine, Rosatom, Russia’s state-controlled nuclear entity, is hyping atomic energy as a “green” solution to Central Asia’s power problems.

Persian saffron exports plummet amid smuggling epidemic

bne Tehran bureau September 10, 2024

Iran's saffron exports have experienced a significant decline during the current Persian calendar year (March 2024–25), with experts attributing the drop to smuggling.

Iraq’s Nasiriyah records world's highest temperature at 48.7°C

bne Gulf bureau September 10, 2024

The Iraqi city of Nasiriyah has recorded the world's highest temperature in the past 24 hours.

Suzlon wins India’s largest wind energy order

bno - Mumbai Office September 10, 2024

Pune-based Suzlon Group, a renewable energy solutions provider, has secured India’s largest wind energy order, totalling 1.17 GW, from NTPC Green Energy Limited, the renewables arm of state-owned energy conglomerate NTPC Limited.

Not even “cancer explosion” warnings deterring Turkey from coal power expansion, says HRW

bne IntelliNews September 9, 2024

“I have asthma, and my doctor says I need clean air. But there is no clean air. We are all ill here,” relates villager living near plant fed by “carbon bomb” mine.

Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US

bne IntelliNews September 9, 2024

Global food security deteriorated between 2019 and 2022, according to the latest Global Food Security Index by the Economist Intelligence Unit, and even the US has been affected.

Actis commits $600mn to Philippines’ largest solar power project

bno - Taipei Office September 9, 2024

London-based investment firm Actis has formalised a significant $600mn investment into the Philippines, aiming to develop the country’s—and the world’s—largest single-site solar power project

Middle East power grid struggles as demand hits record high

bne Tehran bureau September 6, 2024

Power grids across the Middle East have faced unprecedented strain this summer, according to new data from the region on September 6.

AI will be a major source of GHGs by 2030, says Morgan Stanley

bne IntelliNews September 5, 2024

Energy ravenous AI data centres are set to become a major source of GHGs emissions by 2030 as the number of server farms needed to run the artificial intelligence services is set to expand exponentially over the next two and half decades.

MOL starts production at green hydrogen plant at Hungarian refinery

bne IntelliNews September 5, 2024

MOL has started production at the largest green hydrogen plant in Central and Eastern Europe, located at its Danube refinery near Budapest. The 10-MW capacity plant will produce 1,600 tonnes of carbon-neutral green hydrogen annually.

Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China

bne IntelliNews September 4, 2024

Despite lack of clarity, a delegation is poised to leave for Beijing.

Oriana Power secures INR2.48bn solar project order from BPCL in India

bno - Mumbai Office September 4, 2024

Mumbai-listed Oriana Power Limited has secured a new order valued at INR2.48bn ($30mn) from state-owned energy company Bharat Petroleum Corporation Limited (BPCL) for a solar project.

Clean electricity set to break new records

bne IntelliNews September 3, 2024

The global shift to clean energy has achieved significant milestones that is expected to continue advancing at a steady rate, according to two new reports by BloombergNEF.

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