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Japan plans to spend $107 billion over the next two decades to boost the production of hydrogen fuel by six times more than planned, it said on Tuesday
Economic challenges and geopolitical tensions have made fundraising difficult, with investment in China by global players in particular slowing
"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined but is still emerging in commodities," the US bank noted
The latest heatwave to hit Asia has set more temperature records in cities across China and parts of Southeast Asia
The world's No1 and No3 crude importers bought about 110 million barrels of Russian crude in May, up nearly 10% from the previous month
The investment, from a British consortium that includes mining giant Glencore, will go into a wind energy-powered industrial park on Sulawesi island
State media hailed the effort as "a landmark in China's deep-Earth exploration" that provides "an unprecedented opportunity to study areas of the planet deep beneath the surface".
The country made a breakthrough in space-based solar energy back in 2015 and now says it’s just two years away from making it a reality
Government sources said the import tax may be halved, and GST cut, because local producers cannot meet the rising demand for renewable energy
New targets by the Japan Wind Power Association could create 350,000 jobs over the next three and a half decades and reduce fossil fuel costs by tens of billions of dollars
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Energy: The Big Picture
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Transport InsightsAnglo-American Puts World’s Biggest Hydrogen Truck to WorkMining giant Anglo-American has unveiled a prototype of what it says is the world’s largest hydrogen-powered mining truck
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Energy InsightsWhat is China’s Tokamak Fusion Reactor?The goal of the Experimental Advanced Superconducting Tokamak project is to unlock the secret to clean and limitless energy on earth, with minimal waste products
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Energy InsightsDoes US Warning to India Point to More Russian Oil Restrictions?The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
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Market InsightsKazakhstan Unrest Poses Risks for World EconomyHundreds of people have died and thousands have been detained in Kazakhstan during the worst violence seen in the Central Asian nation since it became independent in the early 1990s. The unrest in Kazakhstan poses risks for energy markets, and even cryptocurrencies.
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