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SEOUL/GUANGZHOU -- LG Energy Solution is hitting a growth plateau as slowing European and American adoption of electric vehicles and Chinese competition together force the South Korean battery maker to rethink its aggressive expansion.
Naveed Tariq is CEO of Seagrass, an Abu Dhabi-based carbon finance provider owned by German utility company E.ON.
Global annual renewable capacity additions increased by almost 50 per cent last year – the fastest growth in two decades – yet clean energy accounts for less than 10 per cent of energy production in most Southeast Asian nations.
At the Vibrant Gujarat Global Summit earlier this month, Asia’s wealthiest tycoon Gautam Adani pledged a staggering US$24 billion for various green energy projects in the western Indian state over the next five years.
Chinese companies are rushing to make their own auto chips as demand continues to increase in the world's largest car market.
Joe Kaeser, chair of Siemens Energy, is more concerned by gloomy public sentiment in Germany than he is by the recent rise in inflation.
Last year was the hottest on record by a wide margin. The planet is now 1.48 degrees Celsius warmer than it was before the fossil-fuel revolution.