Tag #Carbon Reduction

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euronews.com

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May 2, 13:18

Shell Reports Q1 2025 Earnings Surge, Despite Reduced Carbon Targets

Shell plc announced Q1 2025 adjusted earnings of $5.6 billion (€5bn), a 52% increase quarter-over-quarter but a 27% decrease year-over-year, while also initiating another $3.5 billion (€3.1bn) share buyback program, despite reducing its carbon reduction goals.

Shell Reports Q1 2025 Earnings Surge, Despite Reduced Carbon Targets

Shell plc announced Q1 2025 adjusted earnings of $5.6 billion (€5bn), a 52% increase quarter-over-quarter but a 27% decrease year-over-year, while also initiating another $3.5 billion (€3.1bn) share buyback program, despite reducing its carbon reduction goals.

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How did Shell's free cash flow change in Q1 2025 compared to the previous year, and what factors contributed to this change?

The increase in Shell's Q1 2025 earnings, despite falling oil prices and a reduced free cash flow to $5.3 billion (€4.7bn), showcases the company's resilience and strategic acquisitions like Pavilion Energy. The continued share buybacks reflect the company's confidence and commitment to shareholder returns.

german.china.org.cn

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Mar 10, 07:10

China's Construction Machinery Electrification Surges Amidst Carbon Reduction Goals

Driven by China's carbon reduction targets, the construction machinery sector is rapidly electrifying; in the first half of 2024, electric forklift sales surged 24.2% year-on-year, reaching 70.8% of total sales, while aerial work platform electrification exceeded 90%, with Changsha, a major manufact...

China's Construction Machinery Electrification Surges Amidst Carbon Reduction Goals

Driven by China's carbon reduction targets, the construction machinery sector is rapidly electrifying; in the first half of 2024, electric forklift sales surged 24.2% year-on-year, reaching 70.8% of total sales, while aerial work platform electrification exceeded 90%, with Changsha, a major manufact...

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How is the city of Changsha contributing to the electrification of construction machinery in China?

Changsha, a hub of China's construction machinery industry, houses over 200 renewable energy companies and key innovation platforms. Companies like Shanhe Zhineng, with over 80 energy-efficient and new-energy products, and Sany Group, whose electrified product sales surpassed 10 billion RMB Yuan in 2024, highlight the industry's rapid shift towards electrification. This transition is vital due to the construction sector's significant energy consumption and carbon emissions.

sueddeutsche.de

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Apr 1, 22:12

EU Delays Auto CO2 Emission Limits, Raising Climate Concerns

The EU Commission delayed stricter CO2 emission limits for automakers, granting them a three-year period (2025-2027) to meet average emission targets instead of yearly ones, potentially increasing emissions by 26-51 megatons, according to the ICCT, and causing concerns about climate goals and increa...

EU Delays Auto CO2 Emission Limits, Raising Climate Concerns

The EU Commission delayed stricter CO2 emission limits for automakers, granting them a three-year period (2025-2027) to meet average emission targets instead of yearly ones, potentially increasing emissions by 26-51 megatons, according to the ICCT, and causing concerns about climate goals and increa...

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What is the immediate impact of the EU Commission's decision to extend the deadline for automakers to meet their CO2 emission targets?

The EU Commission granted automakers more time to meet their climate targets, delaying stricter emission limits initially set for 2024. This reprieve allows manufacturers three years (2025-2027) to achieve average emission limits instead of yearly targets, potentially saving major automakers like Volkswagen billions in penalties. The change affects all EU automakers.

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