Millions of people in the Global South still lack access to electricity or clean water, yet the world is demanding a rapid global shift away from fossil fuels.
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Equinor Signs $27 Billion Deal With Centrica to Supply U.K. With Natural Gas
Equinor signed a contract valued currently at around 20 billion pounds ($27.11 billion) to supply the U.K. with natural gas over the next decade. The agreement with U.K. energy company Centrica which owns British Gas, starts on Oct. 1 this year and its valuation is based on current prices, Equinor said. It would cover around 10% of...
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China’s trade war gambit puts Trump on defense
If international trade is a game of chess, China has the U.S. in check — with few good options for the next move. Why it matters: The trade war has exposed just how deeply the U.S. economy is at the mercy of an accident of geology — China’s supply of the rare earth minerals that power our modern...
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Experts warn of China deals, urge Paraguay to defend sovereignty
Regional officials, diplomats and analysts warned of China’s growing influence in Latin America and urged Paraguay to safeguard its democratic sovereignty as it considers potential economic agreements with Beijing. Since 2020, China has become South America’s top trading partner, actively promoting investment and cooperation agreements that expand its influence in the region. This comes as...
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EU to Propose New Climate Goal With Greater Flexibility in July
The European Union is set to offer greater flexibility in July over achieving its emissions-reduction target for the next decade, as the bloc seeks to bolster flagging support for its ambitious climate plans. The European Commission, the EU’s executive arm, told member states it’s considering publishing a measure to set an interim climate goal for...
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Twenty‑Five Years of Lessons on Electricity Competition in the United States
Why the Electricity Competition Debate Just Flipped—Again In 1998 California’s Power Exchange wholesale power market went live, symbolizing the then-new impetus for efficiency through electricity markets. The promise then was disarmingly simple: generation prices that reflected actual costs, customer choice, and an information revolution that would make your toaster as smart as your telephone. California, Pennsylvania, New...
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A behind-the-scenes tour of the world’s biggest nuclear power plant
The highly secured grounds housing its seven reactors cover 4.2 million square meters. Its operator, Tokyo Electric Power Co., or TEPCO, compares its size to 90 Tokyo Domes, the home stadium of Japan’s most successful baseball team, the Yomiuri Giants. For another perhaps more commonly known landmark: this equals to a size nearly 25% bigger...
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British carbon prices rise after news of deal on EU link
Britain and the European Union will work towards linking their respective carbon markets as part of a wider reset in relations, they said on Monday, leading to a 6% rise in British carbon prices. Both the EU and UK charge power plants and other industrial entities for each metric ton of carbon dioxide they emit as part...
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Taiwan Shuts Last Nuclear Reactor as Energy Debate Heats Up
Taiwan started to shut its final nuclear reactor on Saturday as a 40-year operating license expired, in a move that could threaten the island’s energy security and climate goals. The load-shedding of the final reactor began from 1 p.m. local time and the system will be disconnected at about 10 p.m. before it’s safely shut...
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Nigeria’s First Industrial Biochar Site Targets 40,000 Tonnes CO₂ Removal by 2030
A Nigerian climate-tech startup has launched the country’s first industrial-scale biochar production site, aimed at removing 40,000 tonnes of CO₂ equivalent by 2030. Located in Iwuru, Cross River State, the facility represents a major step in aligning Africa’s agricultural potential with the global push for scalable carbon removal. The company behind the project, Releaf Earth, plans...