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Carmakers owe compensation for emissions cheating devices, German court rules

(Reuters) -Carmakers must pay compensation for diesel vehicles fitted with illegal emissions controlling devices, Germany's highest federal court ruled on Monday, in a case that could potentially cost

Philippines agrees $1.14 billion loans with World Bank for environment, farming

MANILA (Reuters) - The Philippines on Monday said it had signed four loan agreements with the World Bank totalling $1.14 billion, including $750 million of budgetary support for policy reforms to

New rules aim to clamp down on corporate greenwashing

By Huw Jones and Simon Jessop LONDON (Reuters) - Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping

New global norms ask firms to disclose material emissions, climate finance to mitigate greenwashing

The International Sustainability Standard Board that published the norms said that it is up to countries to apply the standards to listed companies.

‘Opposite direction’: Renewables growth did not faze fossil fuels dominance in 2022, says report

Last year was marked by turmoil in the energy markets after Russia's invasion of Ukraine, which helped to boost gas and coal prices to record levels in Europe and Asia.

Renewables growth did not dent fossil fuel dominance in 2022, report says

LONDON (Reuters) - Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's

Rhine water levels in Germany close to normal after rain, north too shallow

HAMBURG (Reuters) - Water levels on the Rhine in Germany were close to normal levels on much of the river after heavy rain last week but remained too shallow in some northern and central areas for

At Asia energy event, officials warn against sacrificing growth for transition

By Mei Mei Chu and Muyu Xu KUALA LUMPUR (Reuters) -Hydrocarbons will be an important part of Asia's energy mix, Malaysian Prime Minister Anwar Ibrahim and industry executives said on Monday, as

Extreme heat ‘disproportionately’ impacts people with disabilities, says HRW report

The Human Rights Watch, in a report, said that people with disabilities faced risk of death, physical, social, and mental health distress due to extreme heat.

Hydrocarbons will be important part of future ASEAN energy mix

By Mei Mei Chu KUALA LUMPUR (Reuters) - Hydrocarbons will continue to be an important part of the energy mix in Southeast Asia, Malaysian Prime Minister Anwar Ibrahim said on Monday, as affordability

On Camera

Iran war has given India a blueprint for the next conflict

Pakistan would be itching to do an Iran on us and China would be planning to execute an air campaign without allowing us asymmetrical escalation. India has no choice but to transform.

Haryana’s new industrial policy in the works, but industry says old problems remain unsolved

Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.

Military pushes for private participation in space, more Indian satellites. ‘Can’t rely on single entity’ 

CDS Anil Chauhan says future space capability will not be built by government agencies alone. ‘It will be co-developed with industry, start-ups, and technology innovators’.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.