Ferry sinks off Bali coast, dozens missing as rescue underway
A tragic ferry accident off the coast of Bali has left four dead and dozens missing, with rough seas complicating rescue efforts....
Azerbaijan, Kazakhstan and Uzbekistan have established a joint venture to implement the Green Energy Corridor: Azerbaijan–Central Asia project aimed at building infrastructure for clean energy transmission and strengthening a regional energy cooperation.
AzerEnergy OJSC, the Kazakhstan Electric Grid Operating Company, and the National Electric Grids of Uzbekistan OJSC have approved the charter of Green Corridor Union LLC, with headquarters in Baku.
The signing ceremony for the establishment of Green Corridor Union LLC was held on Tuesday. During the meeting, the parties discussed the planned activities and strategic direction of the joint venture.
It was agreed that Farhad Mammadov will be appointed as the General Director of Green Corridor Union LLC.
Azerbaijan's Deputy Energy Minister Elnur Soltanov highlighted the significance of the Agreement on Strategic Partnership in the field of green energy development and transmission, signed by the presidents of Azerbaijan, Kazakhstan, and Uzbekistan within the framework of COP29. He also stressed the importance of the implementation program between the three countries and the the Kingdom of Saudi Arabia related to the project.
The project will involve the interconnection of energy systems and the establishment of a green corridor for renewable energy transmission and trade. It envisions comprehensive transmission of green energy from the Caspian region to Europe via the Black Sea Cable.
In April, the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan signed a Memorandum of Understanding (MOU) to support the Feasibility Study for the Caspian Green Energy Corridor Project. The initiative is part of ADB’s regional technical assistance for the project.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
Global temperatures in 2024 exceeded the crucial 1.5°C threshold above pre-industrial levels for the first time, marking a serious warning for the world’s climate goals under the Paris Agreement, scientists said.
Wildfires and a severe heatwave sweeping across Europe have claimed the lives of two people in Spain and another two in France, while also causing the shutdown of a nuclear reactor in Switzerland.
A Clean Energy Centre will be officially launched during the 17th Economic Cooperation Organization (ECO) Summit, to be hosted by Azerbaijan this week, announced Asad M. Khan, Secretary General of the ECO.
The European Union plans to cut greenhouse gas emissions by 90% by 2040 and, for the first time, allow limited use of foreign carbon credits to meet the target.
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
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