Global Climate News

South African President discussed electricity sector reforms, climate change impacts, and infrastructure development including renewable energy initiatives in address to National Council of Provinces.

PSA Singapore and Evergreen Marine Corporation have formed a joint venture terminal in Singapore to enhance operational efficiency and sustainability, with operations starting end of 2024.

SolarPower Europe has proposed an IPCEI for smart electrification to support EU's inverter industry, focusing on hardware, software and disruptive technology advancement. EU currently has 80 GW inverter manufacturing capacity.

InfoLink reports record battery shipments of 202.3 GWh in first three quarters of 2024, with CATL leading the market. Commercial-scale storage dominates with 180 GWh shipments.

Japan's METI has announced plans to deploy 20 GW of perovskite solar cell systems by 2040 and support Japanese manufacturers in producing perovskite solar module technologies.

Port of Rotterdam and Singapore completed pilot for bunkering 100 tonnes of liquefied bio-methane, supporting green shipping corridor initiative. Shell supplied LBM to CMA CGM vessel with sustainability certification.

Royal Navy and Global Fishing Watch signed information sharing agreement to combat illegal fishing through data sharing and technical expertise, supporting sustainable fishing practices and ocean ecosystem protection.

OPEC+ has postponed its meeting from Dec 1 to Dec 5, while oil prices remained flat amid rising US gasoline inventories. Brent crude at $72.91 and WTI at $68.79.

GAIL has re-engaged INEOS to revive a 1.25 million tonnes per annum PTA manufacturing plant in Mangalore SEZ through its subsidiary GAIL Mangalore Petrochemicals Limited.