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The UK government has unveiled an ambitious plan to achieve 95% clean energy by 2030, led by Energy Secretary Ed Miliband. The initiative aims to streamline planning processes for renewable projects and reduce reliance on fossil fuels, amidst rising energy costs and environmental concerns.
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The COP29 climate conference in Baku, Azerbaijan, has been overshadowed by the recent U.S. election of Donald Trump, who plans to withdraw from the Paris Agreement. Argentina's President Javier Milei is also reconsidering his country's participation, raising concerns about global climate commitments.
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Meta Platforms has issued a request for proposals to develop 1 to 4 gigawatts of nuclear power in the U.S. to meet rising energy demands for its data centers. This initiative aligns with a broader trend among tech giants investing in nuclear energy to support AI infrastructure and sustainability goals.
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The UK faces significant challenges in its renewable energy transition, with grid constraints leading to over £1 billion in costs for curtailing wind power. Meanwhile, ambitious projects like a subsea cable from Morocco aim to bolster energy supply, but require government support to proceed.
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President-elect Donald Trump's announcement of a 25% tariff on imports from Canada and Mexico, along with a 10% tariff on Chinese goods, has triggered significant market volatility. The tariffs are intended to address drug trafficking and immigration issues, raising concerns about their broader economic impact.
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Representative Jamie Raskin has officially launched his campaign to unseat Jerry Nadler as the top Democrat on the House Judiciary Committee. Nadler, facing significant pressure from younger colleagues, has conceded and endorsed Raskin, marking a shift in leadership dynamics within the Democratic Party as they prepare for the incoming Trump administration.
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The UK government has announced a plan to achieve 95% clean electricity by 2030, focusing on renewable energy and carbon capture technologies. This initiative aims to reduce reliance on fossil fuels, create jobs, and stabilize energy prices. Critics express concerns over the effectiveness of carbon capture investments.
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McKinsey & Company has agreed to pay over $122 million to resolve corruption allegations in South Africa. The firm was implicated in a bribery scheme involving state-owned companies Eskom and Transnet, which generated $85 million in profits between 2012 and 2016. The South African government has stated it will not work with McKinsey on future projects.