Economy
ABB’s 2030 and 2050 Science-Based Targets Approved by the Science Based Targets initiative (SBTi)
ABB welcomes the approval of its emissions reduction targets by the Science Based Targets initiative (SBTi). As part of the company’s efforts to enable a low-carbon society ABB submitted updated scope 1, 2 and 3 targets for 2030 and 2050…
ABB Investing 35 Million Dollars in New U.K. Earthing and Lightning Protection Factory
Lightning strikes and electrical surges disrupt critical operations and cause billions of dollars in damage to structures and equipment each year. With growing reliance on electronics and data centers, ABB is investing more than 35 million dollars (27 million pounds),…
Investment in Clean Energy This Year is Set to be Twice the Amount Going to Fossil Fuels
Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by improving supply chains and lower costs for clean technologies, according to a new IEA report.…
2023 Environmental Protection Investment: 67 billion euros
Eurostat estimates that in 2023, EU countries invested about 67 billion euros into assets essential to provide environmental protection services. These services included wastewater treatment plants, vehicles to transport waste, acquisitions of land to create a natural reserve, or cleaner…
ABB Launches Next-Generation Robotics Control Platform OmniCore
ABB Robotics launched OmniCore™, an intelligent automation platform that is faster, more precise and more sustainable, to empower, enhance and futureproof businesses. The OmniCore platform, the result of more than 170 million dollars of investment in next generation robotics, is…
EBRD is Supporting Renewable Investments in Romania
The European Bank for Reconstruction and Development (EBRD) is lending over 46 million euros as part of a 93 million euros financing package to build and operate a 102 MW onshore wind farm in Romania. Urleasca Wind Farm, which will…
Sharp Declines in Critical Mineral Prices Mask Risks of Future Supply Strains as Energy Transitions Advance
Pressure eased in 2023 on the market for minerals that go into electric vehicles, wind turbines, solar panels and other clean energy technologies, as supply outpaced surging demand. But a new report from the International Energy Agency finds that major…