The Lagos State government announced on June 2 the launch of Africa’s largest clean cookstove initiative under a carbon credit mechanism aligned with the Paris Agreement. The initiative targets the distribution of 80 million improved cookstoves nationwide and could generate up to 1.2 billion tonnes of emission credits, usable in both domestic and international carbon markets.Initial rollout of 6 million unitsTitilayo Oshodi, Special Adviser to the Lagos State Governor, stated during the launch event that the first phase of the project would begin this month with the distribution of six million cookstoves. The project falls under Article 6.4 of the…
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Key Takeaways President Donald Trump’s higher tariffs on steel and aluminum will go into effect on Wednesday.The 50% tariffs, doubled from 25%, could boost U.S. steel and aluminum producers but hurt businesses that make things out of the metals.Trump’s 2018 metal tariffs are a case study. Research found that those import taxes created 1,000 extra steel and aluminum jobs but dragged down the broader manufacturing sector. President Donald Trump’s new, higher tariffs on metal could help the steel and aluminum industry, at a cost to the greater economy.Starting Wednesday, importers of steel and aluminum will have to pay a 50%…
Taiwan’s carbon fee system launches in 2025, creating new pressures for high-emission industries as companies scramble to adapt their strategies and maintain competitiveness in global markets. Source link
The European Union has selected 13 new strategic raw materials projects outside its borders as part of its push to secure critical mineral supplies. The full list of new projects spans 13 countries: Canada, Greenland, Kazakhstan, Norway, Serbia, Ukraine, Zambia, New Caledonia, Brazil, Madagascar, Malawi, South Africa, and the United Kingdom. The initiative comes as the bloc seeks to reduce its reliance on China, which tightened export controls on rare earth magnets in April. “We must reduce our dependencies on all countries, particularly on a number of countries like China,” European Commissioner for Industry, Thierry Breton, said during the announcement.…
Africa has taken a major leap toward climate leadership with the launch of the Africa Carbon Support Facility (ACSF)—a transformative platform designed to scale carbon markets and climate finance across the continent. Unveiled during the African Development Bank’s 2025 Annual Meetings in Abidjan, the ACSF is central to Africa’s carbon neutral strategy and growing ESG ecosystem. The ACSF supports the African Union’s Carbon Market Strategy through five pillars: De-risking carbon credit supply Stimulating global demand Building robust market infrastructure Strengthening supportive policies Attracting private capital Dr. Kevin Kariuki, AfDB’s VP for Climate and Green Growth, emphasized that carbon finance must…
After the best May in 35 years, the US stock market has started June slowly.Some traders are already talking about a “summer stall,” while others expect the rally to continue reaching new all-time highs.Having traded since the late 1980s, I’ve seen it all. But I’ve boiled the financial markets down to five core benchmarks that tell me everything I need to know.There’s so much financial news to keep tabs on right now – the ongoing trade war, interest rates and the tug-of-war between the Fed and Executive Branch, earnings, gold, oil, bellwether stocks like the Magnificent 7 (to say nothing…
The recent move by the Government of Rwanda to mobilise financing for 19 carbon market-ready projects marks a significant and overdue advancement in the nation’s climate… Source link
1. The demand factor Predicted increase in steel demand in developing countries in the coming decades could pose a challenge to decarbonization. Image worldsteel. worldsteel (formerly known as the World Steel Association) findings suggest a positive medium-term steel demand outlook. Continued urbanization, industrialization and motorization in developing economies, and strong global infrastructure construction activity are likely to support global steel demand in the medium term. Some segments such as electrical steel and steel products used in wind and solar energy generation projects might be expected to see particularly strong growth.In developing countries (with the exception of China), steel demand…
Getty ImagesUS President Donald Trump has signed an order doubling tariffs on steel and aluminium imports from 25% to 50%.The move hikes import taxes on the metals, which are used in everything from cars to canned food, for the second time since March.Trump has said the measures, which came into effect on Wednesday, are intended to secure the future of the American steel industry. Critics say the protections could wreak havoc on steel producers outside the US, spark retaliation from trade partners, and come at a punishing cost for American users of the metals.Hours before he hiked the duties, many…
Company resumed trading under its existing symbol “MINM” HONG KONG, June 2, 2025 /PRNewswire/ — FiEE, Inc. (NASDAQ:MINM) (“FiEE, Inc.” or the “Company”), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, commenced the trading of its common stock on Monday, June 2, 2025 on the Nasdaq Capital Market under the ticker symbol “MINM”. With the vision of growing Key Opinion Leaders (“KOLs”) in the market, FiEE, Inc. is currently strategically transforming to seize market opportunities with its innovative brand management solutions for the underrecognized talents. Since 2023, FiEE, Inc. has been…