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New Zealand is at “significant risk” of missing its 2030 and 2035 domestic emissions reduction targets, according to the Climate Commission. The country is shifting its focus from environmental policies to supporting heavily emitting sectors to boost its economy. The Climate Change Commission’s recent report indicates that while New Zealand is on track to meet its first 2022–25 emissions budget, future emissions budgets and reduction targets are in jeopardy. This shift follows the election of…

Federal Minister for Energy Owais Leghari has announced plans to retire expensive power plants to reduce electricity prices across Pakistan. Speaking in Islamabad after a meeting with MQM National Assembly members, he highlighted the government’s commitment to lowering energy costs and detailed progress in rescheduling energy sector debt with China. Leghari attributed the rise in capacity payments to the devaluation of the rupee and increased interest rates. He also emphasized the government’s ongoing efforts to…

Power grids in Chinese provinces, including Shanghai and Zhejiang, are experiencing unprecedented demand as record temperatures exceed 40°C (104°F). State broadcaster CCTV reported temperatures as high as 43.9°C in eastern regions such as Zhejiang, Jiangsu, Shanghai, Anhui, and Xinjiang in the northwest. On August 2, Shanghai’s power grid hit a record maximum load of over 40 million kilowatts (kW) due to the heat, driving electricity consumption in the city of nearly 25 million people. This…

China’s Politburo, the top decision-making body of the Communist Party, has endorsed a strategy to boost the economy by increasing consumer spending and eliminating inefficient companies. It warned of challenges ahead, possibly related to global uncertainties before the U.S. presidential election. Key measures include restoring financial market confidence and increasing government spending. The central bank has lowered interest rates, and the government has doubled subsidies for electric vehicles to drive growth and reduce reliance on…