Indonesia’s sovereign wealth fund is aiming to invest up to $ 1bn this year with green energy as one of its priorities, as the south-east Asian country aims to become a hub for energy transition on the back of its vast nickel reserves.
The fund planned to spend between $ 500mn and $ 1bn this year across all sectors after having invested $ 2.1bn since its founding in 2021, he said.
New members of the global super-rich gained more of their assets through inheritance than through wealth creation this year — the first time that this has been recorded by Swiss bank UBS in its nine years of surveying global billionaires.
But in an unusual step Opec officials said additional voluntary cuts, designed to take the total reduction above 2mn b/d or about 2 per cent of world supply, would be announced by individual members in due course rather than the secretariat.
Sea surface temperatures in March at 21.07C were the warmest on record for the 12th month in a row, Europe’s Earth observation agency said, confounding its climatologists.
Scientists have established the slowing effect of ice melt by measuring the changes in Earth’s gravity field, which have been recorded by satellites since 1976.
Meanwhile the Australian referendum, proposed by a jubilant Anthony Albanese on the night of his 2022 election victory, also fell flat: he lost by a margin of 60.8 per cent to 39.2 per cent.
Investors use them to hedge against sell-offs in sectors that are not underpinned by humanity’s tragic propensity for violence.