DIRS.INFO The most relevant business & tech news

☆ The world is back to July 2022 — Russia's junked a vital food grain deal and Europe may be teetering on the brink of another energy crisis
▼ + stars: | 2023-07-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Russia said it would not extend the Black Sea grain deal that allows food exports out of Ukraine. IEA warned on Monday Europe could face an energy crisis this winter if Russian gas supplies are cut. As a result, the Black Sea grain deal was scuppered. Prices fell back to pre-war levels when the Black Sea grain deal was struck. "Fierce competition for gas supplies could also emerge if Northeast Asia experiences colder-than-usual weather and economic growth is stronger than expected in China."

Persons: It's, Dmitry Peskov Organizations: Service, Kremlin, TASS, UN, International Energy Agency, European Locations: Russia, Ukraine, Wall, Silicon, Europe, Russian, Moscow, Asia, China, EU

☆ EU has to come clean on costs of green transition
▼ + stars: | 2023-07-18 | by ( Pierre Briancon | ) www.reuters.com time to read: +8 min

European Union governments have agreed on the strategy, but they tend to paper over the short-term economic costs of the green transition. French economist Jean Pisani-Ferry has compared the impact of the green transition to an economic shock equivalent to the sharp spikes in oil prices in the 1970s. But unlike previous shocks triggered by geopolitical instability or trade wars, the green transition has been initiated and managed by governments, and largely financed by them. Germany looks like the country most able to afford the green transition, but its over-emphasis on regulation on environmental matters is running into fierce opposition. On Sunday Paolo Gentiloni, the EU economy commissioner, told the Financial Times that Europe will have to fund its own industrial green transition.

Persons: Jean Pisani, won’t, Pisani, Selma Mahfouz, Paolo Gentiloni, Bruno Le Maire, Christian Lindner, Keir Starmer, –, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Union, Reuters Graphics Reuters, International Energy Agency, Ferry, Social Democrats, Greens, Opposition, Financial Times, French Finance, German, Labour Party, Twitter, Southern, European Commission, Deal, Zero, Thomson Locations: Europe, France, Italy, Germany, EU, Paris, Southern Europe, Spain, Greece

☆ Another Russian energy war is a real threat to Europe, IEA warns
▼ + stars: | 2023-07-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

A colder winter and lower gas exports from Moscow would bring energy uncertainty back to Europe. Russian gas accounts for about 10% of gas imports to the European Union, but the country was once the region's main supplier. Still, thanks to last year's mild winter, the EU was left with high gas storage levels, standing 60% above their five-year average. The uncertainty behind these risks means wider volatility for Europe's gas storage. The IEA also lowered its medium and long-term outlook on the commodity's demand, as it's been damaged by Russia's war in Ukraine.

Organizations: International Energy Agency, Service, European Union, IEA Locations: Moscow, Europe, Wall, Silicon, Ukraine, Russia, Northern Europe, EU

☆ European electricity prices tumble into negative territory amid glut of green energy
▼ + stars: | 2023-07-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Electricity prices in Europe fell into negative territory over the weekend. In the Netherlands, prices for Sunday afternoon were as low as minus 73.76 euros per megawatt hour. Earlier this year, the European Union saw monthly solar power generation exceed electricity from coal for the first time. This isn't the first time Europe's energy prices turned negative, and the occurrences have become more frequent. But the negative prices signal an imbalance in the market and could discourage future investment in more energy infrastructure.

Organizations: Service, Bloomberg, European Union, Yle, International Energy Agency Locations: Europe, Netherlands, Wall, Silicon, Germany, France, United Kingdom, Russia, Moscow, Finland, Finnish

☆ India's reliance on Russian oil may be 'approaching a limit'
▼ + stars: | 2023-07-18 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Dhiraj Singh | Bloomberg | Getty ImagesIndia's ability to import more Russian oil may have hit a limit for the rest of the year, analysts tell CNBC, citing infrastructural and political constraints, as well as limitations to Russian oil flows. Since the Kremlin's invasion of Ukraine in February last year, India's refiners have been snapping up discounted Russian oil. Moscow has since leapfrogged to become India's leading source of crude oil, accounting for about 40% of India's crude imports. June marked the 10th consecutive month-on-month increase in India's imports of Russian crude, data from commodity intelligence firm Kpler showed. And that's the highest volume that India's imports of Russian oil can go — at least for the rest of the year, according to his predictions.

Persons: Dhiraj Singh, Janiv Shah, India's, Kpler, Viktor Katona, Daniel Hynes, Rystad Energy's Shah, Katona, Hynes, that's, Kpler's Organizations: Bharat Petroleum Corp, Bloomberg, Getty, CNBC, Rystad Energy, ANZ, India's Petroleum, International Energy Agency, Kpler Locations: Mumbai, India, Ukraine, Moscow, Russia, Asia, Kpler Russia

☆ Fisker to sell limited edition electric SUVs in India by fourth quarter
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

July 17 (Reuters) - U.S. startup Fisker (FSR.N) said on Monday it would produce 100 limited edition electric sports utility vehicles (SUVs) for the Indian market and expects to begin deliveries in the fourth quarter this year. The company had said in September it would begin selling its Ocean electric SUVs in India by July 2023, with local production beginning in a few years. Fisker Ocean Extreme is priced at 69,950 euros ($78,588.83), excluding taxes, in Germany. A Fisker Ocean SUV starts at $37,499 in the United States. Fisker also looks to produce its next EV, the smaller, five-seater PEAR in India with Foxconn (2317.TW).

Persons: Fisker, Akshita, Shilpi Majumdar Organizations: International Energy Agency, Magna International, Austrian, Thomson Locations: India, Germany, United States, China, U.S, Europe, Hyderabad, California, Bengaluru

Ms. Battle has been leading an effort to have businesses pledge not to finance seabed mining or source seafloor materials in their supply chains. Similarly, prominent banks in Britain, such as Lloyds and Standard Chartered, are refusing to do business with deep-sea mining entities. But critics say that the expense and logistics of mining in the remote ocean — and transporting metals back to land — raise doubts about whether deep-sea mining can be profitable. “This industry could start without being needed,” she said of deep-sea mining. But seabed mining supporters say that existing mining is worse for the environment, and deep-sea mining could help wrestle control of critical metals from China and Russia.

Persons: Barron, DealBook, it’s, Jessica Battle Organizations: ” Regulators, United Nations, World Wildlife Fund, BMW, Google, Samsung, Volvo, Volkswagen, Lloyds, Standard Chartered, International Energy Agency Locations: Britain, China, Russia

☆ Brent oil hovers above $81 after supply disruptions
▼ + stars: | 2023-07-14 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

On Thursday some oilfields in Libya were shut down because of a local tribe's protest against the kidnapping of a former minister. Separately, Shell suspended loadings of Nigeria's Forcados crude oil owing to a potential leak at a terminal. With the "market in thrall of a ‘tightening’ narrative", any more outages will push the oil price to levels that not even the most ardent bull would have predicted for the second half of the year, Evans added. Both Brent and WTI futures were down slightly at 1207 GMT, with Brent 9 cents lower at $81.27 a barrel and WTI down 11 cents at $76.78. Saudi Arabia and Russia, the world's biggest oil exporters, this month agreed to deepen oil cuts in place since November last year, providing further support to crude prices.

Persons: John Evans, thrall, Evans, Brent, Craig Erlam, Natalie Grover, Sudarshan Varadhan, Katya Golubkova, David Evans, Mark Potter Organizations: Shell, Brent, International Energy Agency, Organization of, Petroleum, National Australia Bank, U.S ., U.S . Federal, OANDA, Thomson Locations: Libya, Nigeria, China, Saudi Arabia, Russia, London, Singapore, Tokyo

Investment in the critical minerals pipeline grew by 20% in 2021 and by 30% in 2022, led by lithium, copper and nickel. Although prices of some critical minerals such as copper have eased over the last year due to recession in the "old economy", prices for most critical minerals remain well above historical averages as supply struggles to catch up with demand. Production trends for nickel and cobaltLIMITED DIVERSIFICATIONThere has been only limited success in diversifying the geographical sourcing of critical minerals in recent years, the IEA said. China, which already dominates lithium processing, accounts for half of the world's planned new lithium chemical plants. Moreover, China's move to control exports of gallium and germanium underlines the concentration of supply in a host of smaller, esoteric metals that feed into the critical minerals landscape.

Persons: China's, IRENA, David Evans, Mark Potter Organizations: International Energy Agency, Investment, IEA, International Renewable Energy Agency, Thomson, Reuters Locations: Canada, Australia, China, Indonesia, United States, Europe, South America

☆ Why Exxon Mobil is spending $4.9 billion on a company that pumps carbon dioxide back into the earth
▼ + stars: | 2023-07-14 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

That's a business Exxon, the biggest oil company in the US, is looking to expand. The largest US oil major said Thursday it would acquire Denbury, which has the largest network of carbon dioxide pipelines in the country, for $4.9 billion. Denbury is also in the business of what's called enhanced oil recovery, which involves using carbon dioxide to collect more oil from wells. Most of the captured carbon dioxide will likely be stored underground, however. Transporting CO2 requires pipelines, and Denbury has 1,300 miles of carbon dioxide pipelines; much of its network spans Louisiana, Texas, and Mississippi.

Persons: Denbury, what's, Joe Biden, Dan Ammann, there's, — Organizations: Exxon Mobil, Exxon, Service, Privacy, International Energy Agency, IEA, Exxon's, Carbon Solutions, Bloomberg, Denbury, United Nations Locations: Wall, Silicon, Louisiana , Texas, Mississippi, Louisiana, CCUS, US, Qatar, Australia

☆ Russia's crude price exceeds G7 price cap as market braces for supply crunch
▼ + stars: | 2023-07-14 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Spot prices of Russia's crude oil this week surpassed the $60-per-barrel threshold of the Group of Seven's oil price cap scheme, as Moscow and Riyadh tighten supplies. The G7 introduced its oil price cap mechanism on Dec. 5 to retain Russian flows in the market while also limiting revenue for the Kremlin's war coffers. Under the G7 scheme, Western shipping and insurance providers can offer services to non-G7 buyers of Russian crude if the crude oil is acquired at a price below $60 per barrel. Spot assessments from commodities pricing agency Argus show that Urals prices on July 12 reached $60.18 and $60.78 per barrel for Primorsk and Novorossiysk-loaded cargoes, respectively. S&P Global Platts meanwhile valued Primorsk cargoes at $60.32 per barrel on July 11 and Novorossiysk Urals crude at $60.26 per barrel on July 12.

Persons: P Global Platts, —, Giovanni Staunovo, they're, David Fyfe Organizations: Argus, P Global, CNBC, Ice Brent, of, Petroleum, International Energy Agency, UBS, P, Commodity Insights Locations: Moscow, Riyadh, Ust, Luga, Novorossiysk, —, Libya, OPEC, Saudi Arabia, Russia, Turkey, Iraq, Lower U.S

☆ Brent oil hovers above $80 as U.S inflation eases
▼ + stars: | 2023-07-13 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

LONDON, July 13 (Reuters) - Global oil benchmark Brent hovered above $80 a barrel on Thursday after U.S. inflation data implied interest rates in the world's biggest economy are close to their peak. The futures contract structure of the global benchmark Brent indicates the market is tightening and that OPEC could be succeeding in its mission to support the market. The premium of a front month Brent contract to a six-month February 2024 contract rose to $2.64 a barrel on Wednesday. At the end of the June, the front month contract was at a discount to the six month contract. Meanwhile, an OPEC report also published on Thursday, maintained an upbeat world oil demand outlook despite economic headwinds.

Persons: Craig Erlam, Brent, Natalie Grover, Jeslyn Lerh, Laura Sanicola, Jacqueline Wong, Elaine Hardcastle, Barbara Lewis, Conor Humphries Organizations: Brent, U.S, West Texas, OPEC, International Energy Agency, Customs, Thomson Locations: Brent, U.S, Saudi Arabia, Russia, China, India, London, Singapore, Washington

☆ Oil markets set to tighten, economic headwinds to hit growth, IEA says
▼ + stars: | 2023-07-13 | by ( Noah Browning | ) www.reuters.com time to read: +2 min

REUTERS/Agustin Marcarian/File PhotoLONDON, July 13 (Reuters) - Oil demand is set to hit a record high this year and the market is tightening but economic headwinds and interest rate hikes have deflated growth expectations slightly, the International Energy Agency (IEA) said on Thursday. Still, the Paris-based energy watchdog sees demand growth next year rising by more than anticipated despite the rise being less than half that of this year. The oil market is tightening, the IEA projected, with demand set to outstrip supply for the rest of 2023. China is due to make up more than two-thirds of this year's demand growth as its post-pandemic economic rebound is set to gain pace, especially later in the year, the IEA said. Oil demand growth is set to halve next year to 1.1 million bpd, the IEA said, reflecting vehicle electrification and energy efficiency, though it raised its view from a 860,000 bpd rise it forecast last month.

Persons: Agustin Marcarian, halve, Noah Browning, Jason Neely Organizations: REUTERS, International Energy Agency, IEA, OECD, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Paris, China, Europe

☆ Russian oil tops price cap set by Western countries for first time
▼ + stars: | 2023-07-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

London CNN —The price of Russian crude oil has risen above a price cap set by the Group of Seven nations, in the first “real test” of whether the West can enforce one of its key sanctions against Moscow. “This is the first real test of the price cap sanctions,” Matthew Wright, a senior freight analyst at Kpler, told CNN. “High interest rates, declining economic activity in China, and a potential recession in the West,” have depressed oil prices globally. The smaller gap shows that the G7 price cap is “having a diminishing impact on Russian oil revenues,” Richard Bronze, co-founder and head of geopolitics at Energy Aspects, told CNN. Despite rising oil prices, buyers like India are unlikely to turn their backs on Russian oil, said Wright at Kpler.

Persons: ” Matthew Wright, Wright, “ It’s, Russia —, That’s, ” Richard Bronze, Natalia Kolesnikova, “, Tim Lister Organizations: London CNN, Group, Moscow, Argus Media, European Union, Argus, EU, CNN, Organization of, Petroleum, Gazprom, US Treasury, International Energy Agency, IEA Locations: China, India, Europe, Russia, OPEC, Ukraine, Brent, Moscow, AFP, Western, Kpler, Russian, Saudi Arabia

☆ IEA trims oil demand forecast for the first time this year on 'persistent' economic headwinds
▼ + stars: | 2023-07-13 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Two large oil tankers unload at the 300,000-ton crude oil terminal in Yantai Port, Shandong Province, China, July 9, 2023. The International Energy Agency on Thursday cut its global oil demand growth forecast for the first time this year, primarily citing a worsening economic outlook that weighs "especially heavy" on wealthy countries. The world's leading energy watchdog said global oil demand is now on track to climb by 2.2 million barrels per day in 2023 to reach an average of 102.1 million barrels per day. China is set to account for 70% of the demand growth increase, the IEA said. This forecast nevertheless represents a downward revision of 220,000 barrels per day from last month's report, when the IEA predicted an increase of 2.4 million barrels per day of worldwide growth.

Organizations: International Energy Agency, IEA, Federal, Brent, U.S, West Texas Locations: Yantai Port, Shandong Province, China, London

☆ Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
▼ + stars: | 2023-07-13 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: +1 min

The series of oil output cuts orchestrated by Saudi Arabia since last fall may finally be having an impact on prices. In a report published on Thursday, the International Energy Agency, the Paris-based monitoring group, said that output cuts could lead to substantial deficits in global oil supplies, beginning in July, potentially pushing up prices and squeezing consumers. “After a period of relative calm, we do expect some renewed volatility and upward pressure on prices in the coming months,” said Toril Bosoni, head of the oil market division at the International Energy Agency. A sustained rise in prices would represent a big win for the Saudi oil minister, Prince Abdulaziz bin Salman, who chairs the oil producers’ group known as OPEC Plus. He has waged a campaign to convince traders that Saudi Arabia and other oil producers would make whatever output cuts are needed to keep markets in balance.

Persons: ”, Toril Bosoni, Prince Abdulaziz bin Salman Organizations: Brent, International Energy Agency Locations: Saudi Arabia, Paris, OPEC

July 12 (Reuters) - Oil prices settled higher on Wednesday, with benchmark Brent futures breaching $80 a barrel for the first time since May, after U.S. inflation data spurred hopes the Federal Reserve may have fewer interest rate hikes in store for the world's biggest economy. U.S. data showed consumer prices rose modestly in June and registered their smallest annual increase in more than two years. Markets expect one more interest rate rise, but oil traders hope that may be it. Brent futures settled up 71 cents, or 0.9%, to $80.11 a barrel. Forecasts from the U.S. Energy Information Administration (EIA) and the International Energy Agency (IEA) point to the market tightening into 2024.

Persons: Naeem Aslam, Brent, Tamas Varga, Phil Flynn, Natalie Grover, Trixie Yap, Sonali Paul, Barbara Lewis, Emelia, David Gregorio Our Organizations: Zaye, . West Texas, U.S . Energy Information Administration, International Energy Agency, IEA, Saudi, U.S . Energy, Administration, Price Futures, Thomson Locations: China, Saudi Arabia, Russia, U.S, London

☆ Oil flat after bigger-than-expected build in U.S. crude stockpiles
▼ + stars: | 2023-07-12 | by ( ) www.cnbc.com time to read: +1 min

An oil tank and an oil pumpjack are pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. Brent futures slipped 4 cents, to $79.36 a barrel by 0015 GMT while U.S. West Texas Intermediate crude fell 1 cent to settle at $74.82. Keeping a lid on prices, U.S. crude inventories rose by about 3 million barrels in the week to July 7, according to market sources citing American Petroleum Institute industry figures. In the previous session, oil rose about 2%, boosted by a falling U.S. dollar and forecasts for global demand for petroleum to increase. Higher rates can slow economic growth and reduce oil demand.

Persons: Liz Hampton, Brent Organizations: REUTERS, West Texas, American Petroleum Institute, Reuters, Energy Information Administration, International Energy Agency, EIA Locations: Loco Hills, New Mexico, U.S, China, Saudi Arabia, Russia

July 12 (Reuters) - Oil nudged higher on Wednesday, extending gains for a second session, as planned supply cuts by the world's biggest oil exporters and hopes for higher demand in the developing world offset wider economic concerns globally. Brent futures rose 6 cents to $79.46 a barrel by 0356 GMT, and U.S. West Texas Intermediate (WTI) crude rose 6 cents to $74.88 a barrel. On Tuesday, the U.S. EIA projected demand would outpace supply by 100,000 bpd in 2023 and by 200,000 bpd in 2024. "The short-term crude demand outlook shouldn't be that bad, as everyone is taking a vacation that requires some travel this summer," Moya added. Higher rates can slow economic growth and reduce oil demand.

Persons: Edward Moya, OANDA's, Moya, Laura Sanicola, Trixie Yap, Sonali Paul, Clarence Fernandez Organizations: U.S . West Texas, Saudi, EIA, International Energy Agency, American Petroleum Institute, Reuters, Energy Information Administration, Thomson Locations: Brent, U.S, Saudi Arabia, Russia, China

☆ Demand for lithium and other critical minerals is skyrocketing, IEA says, but concerns over supply linger
▼ + stars: | 2023-07-12 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

The IEA's Critical Minerals Market Review said the main factor behind the increase was "demand from the energy sector." Investment in the development of critical minerals increased by 30% in 2022, building upon a 20% rise in 2021, the IEA said. If all the projects planned for the critical minerals sector come to fruition, there may be enough supply to meet climate pledges announced by governments, the IEA said. Start-ups in the critical minerals sector raised $1.6 billion last year, a record. The record deployment of technologies like batteries and solar PV was, the IEA said, driving "unprecedented growth in the critical minerals markets."

Persons: John Moore Organizations: Getty, International Energy Agency, Investment Locations: Chile, Paris, China

☆ Oil prices steady as supply cuts counter economic headwinds
▼ + stars: | 2023-07-11 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

Supply cuts by top exporters Saudi Arabia and Russia for August helped to lift the benchmark prices, which were also supported by the U.S. dollar hitting a two-month low. A weaker dollar makes crude cheaper for holders of other currencies and often boosts oil demand. Anxiety is still palpable that recession fears could lead to downgrades in oil demand," said PVM analyst Tamas Varga. Seperately on Tuesday several sources told Reuters that top buyer China again requested less supply from the world's biggest oil exporter, Saudi Aramco (2222.SE). Meanwhile, the secretary general of OPEC on Tuesday told a Nigerian oil and gas conference that global energy demand is forecast to rise 23% by the end of 2045.

Persons: Brent, Edward Moya, Tamas Varga, Seperately, Natalie Grover, Arathy Somasekhar, Jason Neely, David Goodman Organizations: Saudi, . West Texas, U.S, U.S . Federal, International Energy Agency, Reuters, China, OPEC, Tuesday, Thomson Locations: Russian, Saudi Arabia, Russia, U.S, China, Saudi Aramco, Nigerian, London

☆ IEA says critical minerals supply could pull close to demand by 2030
▼ + stars: | 2023-07-11 | by ( Eric Onstad | ) www.reuters.com time to read: +3 min

But after investment in critical minerals production jumped 30% last year to $41 billion, having gained 20% in 2021, that picture is looking brighter, the IEA said. In key battery mineral lithium, the IEA forecasts supply by 2030 will reach 420,000 metric tons - only a touch short of demand estimated at 443,000 to meet government pledges, though well below the 702,000 required for net zero. Critical mineral start-up firms raised a record $1.6 billion in 2022, up 160% from the previous year, the IEA said. Demand for critical minerals has surged over the past five years, including a tripling in consumption of lithium and a jump of 70% for cobalt, with the total critical mineral market now worth $320 billion, it said. Mining companies needed to make more progress in curbing greenhouse gas emissions and water use, the IEA said.

Persons: Fatih Birol, Pratima Desai Organizations: Miners, International Energy Agency, Consultants, Reuters, . Mining, Thomson Locations: Paris, China, Indonesia, Congo

☆ Oil steady as demand woes from weak economic data offset by OPEC+ cuts
▼ + stars: | 2023-07-10 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

HOUSTON, July 10 (Reuters) - Oil prices were little changed on Monday in choppy trading as demand woes after weak economic data from top consumers the United States and China were offset by expected crude supply cuts from Saudi Arabia and Russia. "Oil traders may be cautious ahead of the U.S. CPI (Consumer Price Index) and China's slew of economic data later this week," CMC Markets analyst Tina Teng said of inflation data due on Wednesday. Higher interest rates increase borrowing costs for businesses and consumers, which could slow economic growth and reduce oil demand. However, crude prices could rebound after producer group OPEC+ announced plans to reduce supply further, Teng added. Money managers stepped up net long positions in oil futures and options contracts in the latest weekly data.

Persons: Brent, Tina Teng, Loretta Mester, Teng, Ole Hansen, Hansen, Arathy Somasekhar, Noah Browning, Florence Tan, Emily Chow, Alexander Smith, David Goodman, Peter Graff Organizations: . West Texas, U.S . CPI, Consumer, CMC, U.S . Federal Reserve, Federal Reserve Bank, Cleveland, OPEC, International Energy Agency, Saxo Bank, Money, Thomson Locations: United States, China, Saudi Arabia, Russia, ., Saudi, WTI, Brent

☆ I'm the director of innovation at Imperial College London, and I don't think tech is the be-all and end-all to the climate crisis
▼ + stars: | 2023-07-07 | by ( Alyssa Gilbert | ) www.businessinsider.com time to read: +5 min

The global nature of the climate crisis demands innovation that mobilizes international support. This article is part of "Gains in Green Tech," a series showcasing some of the most transformative solutions to the climate crisis. In essence, we need innovation across business models, products, and services to unlock solutions that are already available to us. It implies that we don't need to modify our lifestyles to tackle the climate crisis. Tackling the climate crisis requires plenty of innovation — perhaps not all of it shiny tech.

Persons: Seratech, Sandberg, yasin hm, Alyssa Gilbert Organizations: Green Tech, Service, International Energy Agency

☆ UN aid chief to Russia: Don't 'chuck away' Black Sea grain deal
▼ + stars: | 2023-07-07 | by ( Michelle Nichols | ) www.reuters.com time to read: +5 min

"The world has seen the value of the Black Sea Initiative ... this isn't something you chuck away," the U.N.'s Martin Griffiths told reporters. Zelenskiy said the Black Sea deal was important to help the world fight hunger. Russia has described the Black Sea deal and the agreement to facilitate its own exports as a single package. The Black Sea deal allows for ammonia exports - a key ingredient in nitrate fertilizer - but none has shipped. As the expiration date looms, the Black Sea grain deal is grinding to a halt.

Persons: Martin Griffiths, Volodymyr Zelenskiy, Tayyip Erdogan, Erdogan, Zelenskiy, Griffiths, Michelle Nichols, Elaine Monaghan, Oleksandr Kozhukhar, Doina Chiacu, Grant McCool Organizations: UNITED NATIONS, U.N, United Nations, Black Sea Initiative, United, Zelenskiy, Russian Federation, Russian Agricultural Bank, International Energy Agency, Sezer, Thomson Locations: Russia, Moscow, Odesa, United Nations, Turkey, Ukraine, Ukrainian, Istanbul, Russian, United, United States, European Union, Britain, Togliatti, Washington, Kyiv

Search resuls for: "International Energy Agency"

25 mentions found