At the UN climate talks at COP29 in Baku, over 50 prominent names in shipping, including Fortescue, GasLog, and Mitsui OSK Lines, have signed a green hydrogen call to action to prioritize investment in hydrogen-derived fuels for emission reduction. The commitment aims for 5-10% of energy in the maritime sector to come from zero or near-zero emissions sources by 2030, with Fortescue advocating for a zero emissions fuel standard over transitional fuels to drive real decarbonization solutions.
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China races to stockpile US chips before Trump ramps up sanctions
China is increasing its efforts to stockpile microchips from the US to prepare for potential sanctions from the incoming administration of president-elect Donald Trump, with purchases reaching US$1.11 billion in October, a 60 per cent increase from last year. China has imported US$9.61 billion of microchips from the US over the first 10 months of the year, focusing on CPU-based processors and controllers, as well as chips for storage and signal amplification, to meet its...
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