World Bank increases climate spending to 45%
The World Bank on Friday said it will increase the amount it spends annually on climate-related projects to 45% of its financing over 2024 to 2025, up from 35% now, as part of a policy overhaul to better respond to climate change.
Giant batteries drain economics of gas power plants
Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide.
Ferrari to accept crypto as payment for its cars in the US
Ferrari <a href="https://www.reuters.com/markets/companies/RACE.MI" target="_blank">(RACE.MI)</a> has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters.
Exxon says world set to fail 2°C global warming cap by 2050
Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp <a href="https://www.reuters.com/markets/companies/XOM.N" target="_blank">(XOM.N)</a> said on Monday, with the world failing to keep global temperature increases <a href="/business/cop/whats-difference-between-15c-2c-global-warming-2021-11-07/">below 2 degrees Celsius</a>.
Canada demands Meta lift news ban to allow wildfire info sharing
The Canadian government on Friday demanded that Meta <a href="https://www.reuters.com/markets/companies/META.O" target="_blank">(META.O)</a> lift a "reckless" <a href="/technology/why-are-facebook-instagram-ending-news-access-canada-2023-06-26/">ban on domestic news</a> from its platforms to allow people to share information about <a href="/world/americas/canadian-firefighters-race-flames-evacuate-yellowknife-2023-08-18/">wildfires in the west</a> of the country.
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