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S Africa wants to access climate funds next year

  Bloomberg South Africa’s government wants to start accessing part of the $8.5 billion in climate financing pledged by some of the world’s richest nations in early 2023, the head of its negotiating team said. “That’s what we are aiming for and working towards,” Daniel Mminele, a former central banker governor who was appointed to head the talks for South ...

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Lithium refining is a ‘license to print money’: Musk

  Bloomberg Elon Musk has called for more investment in global lithium refining to ease shortages in battery materials — and promised those who seize the opportunity it’s as lucrative as “basically minting money.” “I’d like to once again urge entrepreneurs to enter the lithium refining business. The mining is relatively easy, the refining is much harder,” Tesla Inc.’s Chief ...

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Macron, Scholz need a grand bargain on energy

The smell of natural gas rarely gets thought of as a recession risk in Europe. Yet International Monetary Fund (IMF) researchers listed exactly that as one of several potential bottlenecks that could aggravate the pain of a major European Union gas supply crisis, as seemingly small differences in the practice of gas odorisation for safety reasons would slow the flow ...

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