Latest news with #lowcarbon
Zawya
9 hours ago
- Business
- Zawya
National roadmap to drive Oman's circular economy transition
Muscat – Oman has begun preparing a national roadmap for the circular economy, marking a key step in aligning its economic model with sustainability goals and low-carbon development. Ministry of Economy hosted the second workshop of the Circular Economy Gap Calculation Project on Monday to review initial results and consult stakeholders on the proposed strategy. The roadmap aims to serve as a guiding framework for policy integration and resource management in the coming decades. The project also seeks to define a baseline for measuring the circular economy gap and comparing Oman's performance with international benchmarks. It will assess how far the country is from adopting a circular model and provide tools to measure the environmental and economic impacts of new policies, including the creation of green jobs. H E Dr Nasser bin Rashid al Maawali, Undersecretary in Ministry of Economy, said the initiative is the first of its kind in the Middle East and North Africa. 'This national project will support sustainable, low-carbon development and create investment opportunities in renewable energy and the green economy.' Ahmed bin Saeed al Siyabi, Director General of Economic Policies and Programmes at the ministry, said the workshop was designed to discuss early findings and showcase models for measuring the outcomes of circular economy strategies. He also highlighted training programmes and a proposed digital platform that will display project data and outcomes. During the session, participants reviewed preliminary models and scenarios focused on the environmental and labour-market impacts of implementing circular economy practices. Group discussions were held to evaluate sector-specific strategies and refine the roadmap's policy recommendations. The workshop was part of wider consultations with government entities, the private sector, academic institutions and civil society. The ministry is working with Oman Environmental Services Holding Company (be'ah) and the Circle Economy Foundation to implement the project. The project reflects Oman's broader ambition to shift away from traditional linear consumption patterns and meet its carbon neutrality target by 2050. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
BBC News
a day ago
- Business
- BBC News
Worthing heat network construction disrupting trade, say shops
Businesses in Worthing say disruption caused by the installation of the town's low carbon heat network is affecting Hemiko is building a facility next to the High Street multi-storey car park which will pipe energy to large public sector buildings from three heat heat network is set to help save thousands of tonnes of carbon emissions each year by supplying buildings with hot water without the need for individual boilers, but businesses said people have been put off coming into said the current phase was "probably the most disruptive part of the work" but that works were "going well". Samantha Whittington, the owner of Sewsilver jewellery shop in the Guildbourne Centre next to Hemiko works, said construction of the main plant and roadworks was "stopping people coming into town"."We've seen footfall decline massively because the car park has been closed or it looks like a building site so looks closed," she said."It's made me realise how much passing trade my business relied on. I've had to reduce my opening hours because we can't afford to stay open."Paul Wickenden, who works at Guildbourne Meats which has been open for 25 years, said: "We've been struggling, the car park isn't looking inviting."It's the welcome mat to Worthing, people are avoiding us." Carole Ryan, co-owner of BDR Trading Surplus, claimed some months had seen a 30% drop in added: "Hemiko's plans are to install this type of heater [across the country]. It's a good thing because it's green but it's the traders along the way who are going to lose their businesses."Hemiko started constructing its heat network in May last year. The plant in the town centre works by extracting heat from the outside air, even in winter, to heat water which is then circulated through a network of insulated pipes to provide heating and hot works include the main facility but also digging up roads to install the underground pipes, which has caused traffic disruption. The first buildings to be connected are Worthing Hospital, the town hall and Connaught Theatre but the plan is to expand the network to businesses and homes in the said this was more sustainable and efficient than having individual heating systems using Owen, growth director for Hemiko, told BBC Radio Sussex they were getting ready to turn the heat network on in autumn of this added: "I am really sorry to hear about how the Guildbourne Centre has been impacted by our construction work. I know they're disruptive and it's a difficult time for high street businesses across the country."I think the best thing we can do is catch up again with the centre manager about how we can help."Ms Owen said they had put out more than 9,000 leaflets to homes and offered free parking at the High Street car park on the first and last Sundays of the month.
Yahoo
3 days ago
- Business
- Yahoo
BP Sells US Wind Portfolio In $20 Billion Divestment Push
BP plc (NYSE:BP) announced Friday that it will sell its entire U.S. onshore wind energy portfolio to LS Power, a New York-based energy infrastructure firm. This move is part of a broader strategy to streamline operations and prioritize targeted low-carbon investments. The deal covers 10 wind farms across seven states with a total capacity of 1.3 gigawatts. This move is part of BP's $20 billion divestment plan, which aims to refocus capital allocation. William Lin, executive vice president for gas and low carbon energy at BP, said the assets and workforce were strong, but the company concluded that 'we are no longer the best owners to take it forward.' He expressed confidence in LS Power's ability to scale the wind business while supporting bp's transitioning staff. Also Read: LS Power plans to integrate the wind projects into its clean energy portfolio, which already spans 21GW of power generation and extensive transmission infrastructure. Paul Segal, CEO of LS Power, described the acquisition as a strategic expansion to meet rising energy demand through well-contracted renewable assets. The sale is expected to close by year-end, pending regulatory approvals. So far in 2025, BP has completed or signed $1.5 billion in divestments and aims to hit $3–4 billion by year-end, with further updates due in its second-quarter earnings report. This decision follows BP's recent warning about a potential earnings dip tied to sliding oil prices, highlighting the company's pivot toward more resilient and efficient operations. Investors may also consider the iShares Global Clean Energy ETF (NASDAQ:ICLN) and the First Trust Global Wind Energy ETF (NYSE:FAN) for broader exposure. Price Action: At the last check on Friday, BP shares were trading higher by 0.31% to $32.19 premarket. Read Next:Photo by Tada Images via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? BP (BP): Free Stock Analysis Report This article BP Sells US Wind Portfolio In $20 Billion Divestment Push originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Zawya
4 days ago
- Business
- Zawya
African Special Mining Report Launches Ahead of the African Mining Week (AMW) 2025
Energy Capital&Power (ECP) ( in partnership with global accounting, audit and advisory network Moore Global, is proud to launch the African Special Mining Report 2025, a definitive analysis of Africa's mining landscape released in support of African Mining Week (AMW). As the world accelerates toward a low-carbon, high-tech future, Africa is emerging as a critical player in global mineral supply chains. This timely publication captures the continent's rising profile as a destination for strategic mineral investment – from copper and cobalt to lithium, gold, graphite and iron ore – while providing deep, actionable insight into the trends, policy shifts and financing structures shaping the future of mining across Africa. Produced as an official knowledge product of AMW 2025, the report connects directly to the platform's mission of driving capital, partnerships and industrial development across Africa's mining value chain. With extensive contributions from Moore Global's energy, mining and renewables experts, the report draws on decades of experience advising clients in Africa and globally, offering forward-looking perspectives on ESG compliance, climate finance, regulatory reform and capital mobilization for mining ventures. The report explores Africa's renewed strategic importance in global mineral supply chains, spotlighting developments such as the copper resurgence in Zambia and the DRC, the return of private equity to the continent's mining sector and the persistent logistics challenges impacting offtake reliability. It also examines how ESG metrics are increasingly being monetized, how climate finance is reshaping the feasibility of mining projects and how the integration of renewables is redefining operational best practices. Alongside these forward-looking insights, the report provides a clear-eyed view of the regulatory landscape, analyzing sovereign policy shifts, beneficiation mandates and the evolving capital environment for both junior and major mining companies. 'This report is about more than trends – it's about where the African mining sector is headed, who is driving the shift and how the global investment landscape is responding. It also underscores AMW's unique role in anchoring high-level dialogue and dealmaking around these developments. We're proud to partner with Moore Global to deliver a resource that informs, challenges and empowers decision-makers across the mining ecosystem,' stated Rachelle Kasongo, AMW Conference Director. The African Special Mining Report 2025 is now available digitally ( Distributed by APO Group on behalf of Energy Capital&Power. For media inquiries, interview requests or report access, please contact: communications@
Yahoo
4 days ago
- Business
- Yahoo
BP Sells US Wind Portfolio In $20 Billion Divestment Push
BP plc (NYSE:BP) announced Friday that it will sell its entire U.S. onshore wind energy portfolio to LS Power, a New York-based energy infrastructure firm. This move is part of a broader strategy to streamline operations and prioritize targeted low-carbon investments. The deal covers 10 wind farms across seven states with a total capacity of 1.3 gigawatts. This move is part of BP's $20 billion divestment plan, which aims to refocus capital allocation. William Lin, executive vice president for gas and low carbon energy at BP, said the assets and workforce were strong, but the company concluded that 'we are no longer the best owners to take it forward.' He expressed confidence in LS Power's ability to scale the wind business while supporting bp's transitioning staff. Also Read: LS Power plans to integrate the wind projects into its clean energy portfolio, which already spans 21GW of power generation and extensive transmission infrastructure. Paul Segal, CEO of LS Power, described the acquisition as a strategic expansion to meet rising energy demand through well-contracted renewable assets. The sale is expected to close by year-end, pending regulatory approvals. So far in 2025, BP has completed or signed $1.5 billion in divestments and aims to hit $3–4 billion by year-end, with further updates due in its second-quarter earnings report. This decision follows BP's recent warning about a potential earnings dip tied to sliding oil prices, highlighting the company's pivot toward more resilient and efficient operations. Investors may also consider the iShares Global Clean Energy ETF (NASDAQ:ICLN) and the First Trust Global Wind Energy ETF (NYSE:FAN) for broader exposure. Price Action: At the last check on Friday, BP shares were trading higher by 0.31% to $32.19 premarket. Read Next:Photo by Tada Images via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? BP (BP): Free Stock Analysis Report This article BP Sells US Wind Portfolio In $20 Billion Divestment Push originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
