PolicySustainability

Global Shipping Emissions Vote Faces US Opposition as IMO Considers Carbon Pricing Framework

Member states of the International Maritime Organization are set to decide on a groundbreaking global carbon pricing system for shipping emissions. The vote comes amid strong opposition from the United States, which has threatened sanctions against supporting nations.

Historic Shipping Emissions Vote Proceeds Despite US Opposition

Member states of the International Maritime Organization will decide Friday whether to adopt a comprehensive plan to cut carbon emissions from global shipping, according to reports from London. The vote comes despite significant opposition from the United States, which has threatened sanctions against countries supporting the measure.

SemiconductorsSustainability

TSMC Reports Record $15 Billion Quarterly Profit as AI Demand Surges

TSMC has announced a record $15 billion net profit for the third quarter, representing a nearly 40% surge year-over-year. The world’s largest semiconductor manufacturer is benefiting from unprecedented artificial intelligence demand and strategic global expansion efforts.

Record Quarterly Performance Exceeds Expectations

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor manufacturer, has reported a nearly 40% surge in net profit for the July-September quarter, according to reports released Thursday. The company reportedly achieved a record 452.3 billion New Taiwan dollars ($15 billion) in net profit, significantly exceeding analysts’ forecasts.

EnergySustainability

South Africa’s $5.8B Coega Green Ammonia Project Advances With European Backing

The Coega green ammonia project in South Africa’s Eastern Cape has received significant European Union endorsement as it progresses through development phases. The $5.8 billion facility aims to produce over one-million tonnes annually of green ammonia for export markets while creating more than 20,000 jobs.

Major Green Ammonia Project Advances in South Africa

A massive $5.8 billion green ammonia project in South Africa has received high-level international endorsement and is progressing toward a 2027 construction start, according to project developers. The Coega green ammonia project, located in the Coega Special Economic Zone alongside the Port of Ngqura in Gqeberha, represents one of Africa’s most ambitious renewable energy initiatives.