Bloomberg New Zealand will accelerate its adoption of electric vehicles and investigate hydrogen as an alternative energy source as it seeks to phase out fossil fuels and play its role in mitigating global warming. Announcing its first emissions reduction plan in Wellington, the government said it will initially allocate NZ$2.9 billion ($1.8 billion) over four years to fund a range …

  Bloomberg The US Commerce Department is deepening its probe into whether solar power companies are circumventing import tariffs, singling out some of the industry’s giants for increased scrutiny. The agency identified eight manufacturers, including industry leaders Longi Green Energy Technology, Trina Solar and Jinko Solar, for mandatory questionnaires to plumb for more information on whether they are skirting US …

  Bloomberg The global lithium industry needs as much as $42 billion of investment by the end of the decade in order to meet demand for the crucial battery-making material, with attempts to build supply chains outside of China subject to much higher costs, according to a data and market-intelligence provider. The sector will require $7 billion of investment each …