Energy transition saw record investment in 2021: Bloomberg report

A recent report by Bloomberg (BNEF) states that global investment in the energy transition totalled $755 billion in 2021 – a new record – off the back of rising climate ambitions and policy action from countries around the world. According to BNEF, investments rose in almost every sector covered in the report, including renewable energy, energy storage, electrified […]

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High power costs in Europe shoots up aluminium’s price to record high

Costs of aluminium for European consumers are scaling record highs due to soaring energy costs and production cuts, which have exacerbated deficits of the metal used in the power, construction and packaging industries. Consumers buying aluminium on the physical market usually pay the benchmark price on the London Metal Exchange — around $ 2,950 a […]

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