Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency (IEA)
Manufacturing
Abdul Latif Jameel Energy signs water deals in Egypt and Bahrain
Almar Water Solutions, a water solutions unit of Saudi Arabia-based Abdul Latif Jameel Energy, has signed two water infrastructure project development agreements in Egypt and Bahrain
AfDB encourages African countries to join UN international water management body
The African Development Bank (AfDB) and the UN Water Convention have agreed to jointly encourage African countries to join the UN water management organisation to promote integrated and sustainable management of surface and groundwater resources
World Bank launches fund to support sustainable mining
The World Bank has launched a climate-smart mining facility, a multi-million fund that aims to support sustainable extraction and processing of minerals used in clean energy technologies such as wind, solar power, batteries for energy storage and electric vehicles
Valio and Gasum intend to make energy from farm manure
Finland’s food company Valio and energy company Gasum intend to find solutions to the climate challenge together, binding more atmospheric carbon dioxide in grass fields and generating biogas from manure to replace fossil fuels