Two major Finnish pension funds with USD 108 in AUM are briskly moving further into ESG territory due to "massive risk" factors tied to climate change, thereby seeking to avoid the major losses and stranded assets that some analysts say will hollow out banks, insurers and asset managers that fail to adapt to a greener agenda.
Norwegian Oil and Energy Minister Tina Bru states that ammonia will be set on equal footing with the period table's most basic element in the country's looming new hydrogen strategy, wherein the chemical can be used as an emissions-free marine fuel.
Norway's municipalities, energy sector and parliamentary opposition harshly criticized the Sanderud Commission's recommendations upon release in November. Now the government takes heed and gives up amending hydroelectric taxation.
Rambøll is to study the possibility of creating electrofuels by mixing CO2 with hydropower from a waste disposal facility in Nuuk. In time, the solution could make Greenland a central carbon transformer and be implemented in governing Denmark.
In the midst of a crippling energy supply crisis, South Africa's president vows an imminent power auction and several other promotional actions for expanding the country's wind capacity by roughly 16 GW ahead of 2030. GWEC also sees signs of looming gigawatts.
A year into Statkraft's transformation into a global major player within renewables, CEO Christian Rynning-Tønnesen says that many things have succeeded, for instance in Brazil, while India lags behind.
Development minister gains the positions of both energy minister and president of the COP26 summit in a government reshuffle where the environment minister gets the boot as well, while the minister for climate change withdraws.
No majority was gained in favor of blocking the EU Commission's new list on specially prioritized energy projects. Among other things, this means an upcoming energy island will be able to apply for special EU aid.