Gold Soars 27.2% in 2024 as Safe Haven Demand Surges
Gold's 27.2% surge in 2024, its best performance in over a decade, contrasted sharply with declines in industrial and agricultural commodities; this was fueled by central bank purchases, inflation, and a weak manufacturing sector.
Gold Soars 27.2% in 2024 as Safe Haven Demand Surges
Gold's 27.2% surge in 2024, its best performance in over a decade, contrasted sharply with declines in industrial and agricultural commodities; this was fueled by central bank purchases, inflation, and a weak manufacturing sector.
Progress
40% Bias Score
German Company Successfully Tests Hydrogen Storage in Repurposed Caverns
Storag Etzel in Wittmund, Germany, started testing hydrogen storage in repurposed underground caverns around the turn of the year, aiming to store 90 tons of CO2-neutral hydrogen by summer 2024 via truck deliveries due to the absence of a hydrogen pipeline.
German Company Successfully Tests Hydrogen Storage in Repurposed Caverns
Storag Etzel in Wittmund, Germany, started testing hydrogen storage in repurposed underground caverns around the turn of the year, aiming to store 90 tons of CO2-neutral hydrogen by summer 2024 via truck deliveries due to the absence of a hydrogen pipeline.
Progress
32% Bias Score
EU to Reform State Aid Rules to Boost Energy Transition
The European Commission plans a new state aid regulation to accelerate renewable energy and industrial decarbonization investments, preventing a subsidy race between EU member states and ensuring compliance with the single market, addressing concerns about Europe's competitiveness.
EU to Reform State Aid Rules to Boost Energy Transition
The European Commission plans a new state aid regulation to accelerate renewable energy and industrial decarbonization investments, preventing a subsidy race between EU member states and ensuring compliance with the single market, addressing concerns about Europe's competitiveness.
Progress
48% Bias Score
Germany's Record Wind Turbine Approvals Defy AfD's Anti-Renewable Stance
Germany approved 2,400 onshore wind turbines in 2024, boosting renewable energy to 59% of its electricity supply; this contrasts sharply with the AfD's anti-renewable platform, favoring fossil fuels and nuclear power despite their economic and environmental drawbacks.
Germany's Record Wind Turbine Approvals Defy AfD's Anti-Renewable Stance
Germany approved 2,400 onshore wind turbines in 2024, boosting renewable energy to 59% of its electricity supply; this contrasts sharply with the AfD's anti-renewable platform, favoring fossil fuels and nuclear power despite their economic and environmental drawbacks.
Progress
44% Bias Score
BP Announces 7,700 Job Cuts in Cost-Cutting Drive
BP, a British oil firm, announced 4,700 job cuts and 3,000 contractor reductions on Thursday, aiming for $2 billion in cost savings by 2026, primarily impacting office-based roles and potentially impacting its energy transition commitments.
BP Announces 7,700 Job Cuts in Cost-Cutting Drive
BP, a British oil firm, announced 4,700 job cuts and 3,000 contractor reductions on Thursday, aiming for $2 billion in cost savings by 2026, primarily impacting office-based roles and potentially impacting its energy transition commitments.
Progress
40% Bias Score
Scholz Warns of Bleak Future for German Steel Without Green Transition Support
German Chancellor Olaf Scholz warned that the German steel industry faces a bleak future without government support for its transition to green steel, contradicting challenger Friedrich Merz who advocates for a more cautious approach, prioritizing a clear plan before exiting traditional methods.
Scholz Warns of Bleak Future for German Steel Without Green Transition Support
German Chancellor Olaf Scholz warned that the German steel industry faces a bleak future without government support for its transition to green steel, contradicting challenger Friedrich Merz who advocates for a more cautious approach, prioritizing a clear plan before exiting traditional methods.
Progress
44% Bias Score
Trump's Renewed Paris Agreement Withdrawal Creates Leadership Vacuum
President Trump signed an executive order on Monday to withdraw the U.S. from the Paris climate agreement for a second time, declaring a "national energy emergency" to increase fossil fuel production and reverse Biden-era environmental regulations, creating a leadership vacuum in global climate effo...
Trump's Renewed Paris Agreement Withdrawal Creates Leadership Vacuum
President Trump signed an executive order on Monday to withdraw the U.S. from the Paris climate agreement for a second time, declaring a "national energy emergency" to increase fossil fuel production and reverse Biden-era environmental regulations, creating a leadership vacuum in global climate effo...
Progress
40% Bias Score
Shanxi Outlines 2025 Development Plan
The 14th Shanxi Provincial People's Congress concluded its five-day session in Taiyuan on Tuesday, outlining the province's plan for high-quality development by 2025, focusing on industrial transformation, resource-based economic reform, ecological protection, and poverty alleviation.
Shanxi Outlines 2025 Development Plan
The 14th Shanxi Provincial People's Congress concluded its five-day session in Taiyuan on Tuesday, outlining the province's plan for high-quality development by 2025, focusing on industrial transformation, resource-based economic reform, ecological protection, and poverty alleviation.
Progress
48% Bias Score
Energy Transition: A 2050 Outlook and Political Hurdles
The International Energy Agency (IEA) and OPEC project that fossil fuels will comprise over 70% of the global energy mix by 2050, necessitating a tripling of renewable energy investments to \$4 trillion annually by 2030 to achieve a net-zero emissions scenario by 2050, while overcoming political cha...
Energy Transition: A 2050 Outlook and Political Hurdles
The International Energy Agency (IEA) and OPEC project that fossil fuels will comprise over 70% of the global energy mix by 2050, necessitating a tripling of renewable energy investments to \$4 trillion annually by 2030 to achieve a net-zero emissions scenario by 2050, while overcoming political cha...
Progress
52% Bias Score
Rio Tinto-Glencore Merger Bid Fails Amidst Investor Skepticism
The proposed $160 billion merger between Rio Tinto and Glencore, revealed by Bloomberg, faces strong headwinds due to lack of investor support and potential regulatory hurdles, mirroring the failure of a similar BHP bid last year.
Rio Tinto-Glencore Merger Bid Fails Amidst Investor Skepticism
The proposed $160 billion merger between Rio Tinto and Glencore, revealed by Bloomberg, faces strong headwinds due to lack of investor support and potential regulatory hurdles, mirroring the failure of a similar BHP bid last year.
Progress
48% Bias Score
Arson Destroys Lab, Crippling UK Sustainable Energy Research
A suspected arson attack destroyed the Liverpool lab of Luke Evans, a PhD student researching advanced fuel cells converting organic waste into clean energy, a technology deemed crucial for sustainable energy and heavy industry, eliminating over a decade of his work.
Arson Destroys Lab, Crippling UK Sustainable Energy Research
A suspected arson attack destroyed the Liverpool lab of Luke Evans, a PhD student researching advanced fuel cells converting organic waste into clean energy, a technology deemed crucial for sustainable energy and heavy industry, eliminating over a decade of his work.
Progress
40% Bias Score
Riffgrund 3: Germany's Largest Offshore Wind Farm Nears Completion
Ørsted's Riffgrund 3 offshore wind farm in the German North Sea, featuring 83 Siemens Gamesa turbines, nears completion, aiming for a 913-megawatt capacity by early 2026, supplying power to roughly 900,000 households via long-term agreements with major corporations.
Riffgrund 3: Germany's Largest Offshore Wind Farm Nears Completion
Ørsted's Riffgrund 3 offshore wind farm in the German North Sea, featuring 83 Siemens Gamesa turbines, nears completion, aiming for a 913-megawatt capacity by early 2026, supplying power to roughly 900,000 households via long-term agreements with major corporations.
Progress
40% Bias Score