Abu Dhabi / WAM The UAE-Caribbean Renewable Energy Fund (UAE-CREF), the largest renewable energy investment of its type in the region, which is fully financed by Abu Dhabi Fund for Development (ADFD), announced the signing of an engineering, procurement and construction (EPC) contract to build a hurricane-resistant clean energy project worth $50 million in Dominica. Masdar, one of the world’s ...

Bloomberg About 80% of US coal plants are now more expensive to keep running than to swap out for new wind and solar capacity, according to a report from Energy Innovation, a non-partisan climate and energy think tank. While renewables cost more than fossil energy for much of the last century, prices for new wind and solar have dropped so ...

If the Trump presidency and Brexit convinced the European Union to start acting more like a sovereign power and less like a supermarket, Covid-19 has shown there’s a depressingly long journey ahead. First there was fighting over protective medical equipment. Then the bungled start to its vaccine rollout. Now the scale of the bloc’s dependence on the US and Asia ...