Business News

The Chinese government decides to soar in gasoline and diesel prices in between the increasing crude oil prices in 2024. Around the beginning of the first quarter of 2024, crude oil prices are experiencing a sudden price hike. Therefore, the gasoline and diesel prices are set to increase in China as decided by the Chinese government in April 2024.

According to recent reports on the increasing gasoline and diesel prices in China, the prices will increase to USD 27.60 per ton for gasoline and up to USD 27 per ton for diesel in 2024. The Chinese government…

The copper market is experiencing a surge in demand in light of the increasing production of electric vehicles. The surveys conducted in 2024 suggest that the copper market will experience exponential growth by 2035. Artificial intelligence (AI) will play an important role in the copper hike and the demand for electric vehicles in 2024.

The survey reports show that copper demand is expected to surpass 10 million metric tons by the end of 2035. The copper market is soaring high due to the increasing production of electric vehicles in the light of the…

Electric vehicles are gaining momentum in China with the rapid growth of the clean energy transition in 2024. China surprises the world with the country's increasing growth in the automotive sector with electric vehicles. China's April 2024 market shows rapid sales of electric cars in the nation due to a drastic fall in electric vehicle prices.

According to the survey reports on electric vehicle sales, the industry will experience a surge in sales in 2024. This is due to the reduction in electric vehicle prices by China's automotive industry…

In the industrial applications and production sector, sustainability will play a significant role in  2024. Industries are growing interested in adopting sustainable approaches in light of the clean energy transition. The aviation industry in 2024 finds that human waste can replace fossil fuels to power flights.

Researchers conducted a new study to find a better alternative to conventional aviation fuels with human excrement. Therefore, human waste can power flights, per the latest research results in 2024. Experts say sustainable aviation fuel from…

Researchers are diving deep to study the magnetic evolution in today's new world. The newly developed magnets are necessary for green energy transformation as well. Researchers find new methods to remodel the real microstructure of neodymium iron boron magnets. The research successfully reverses the magnetization property of such magnets in 2024. 

Researchers simulated the process to reverse the magnetization property of the neodymium iron boron magnets in 2024. It was done by incorporating a mass of finite element models adapted from the tomographic…

Sustainability is emerging as the most sought-after process in the light of clean energy transition. The development of green transformation in different industrial sectors requires economies to maintain strong finances. In 2024, the United Kingdom emerged as the top nation in finance for sustainable development.

The survey conducted in 2024 suggests the UK is an emerging developed nation with robust status in terms of financial stability for the clean energy transition. However, the world faces difficulties due to economic instability in the current…

Electricity demand is growing in the United States due to a surge in digitalization. Electricity demand tends to be higher in Texas, as per the 2024 reports. Electricity demand is soaring higher in the light of blooming data centers.

Artificial intelligence is gaining momentum in every sector of the economy. Therefore, artificial intelligence facilitates big data centers in the United States. Hence, a large amount of electricity is required to process the phenomena in the data centers. Texas growing demand for electricity is due to power grids that are…

The clean energy transition is growing at a progressive rate in different nations worldwide. Since the economies target to achieve net zero emissions by the end of 205-, different initiatives are taken by the countries in 2024. The increasing demand for electric vehicles in light of the clean energy transition is a sign of a greener transformation. The countries around the world are setting new norms to be maintained by the citizens for faster results. The United Kingdom's green transformation energy transition demands 15.5 gigawatts (GW) of clean energy…

Battery requirements drive the energy market due to the transformation of clean energy in the energy sector. The nations worldwide are transitioning the energy sector towards greener options in transportation, industrialization, and others in 2024. The developed economies aim to achieve net zero emissions through a clean energy transition by the end of 2050. Therefore, the demand for lithium-ion batteries is multiplying in the market. Lithium-ion batteries are needed for rechargeable batteries. Lithium-ion batteries are required as the demand for…

The clean energy transition shows compelling results in the transportation sector as consumers opt for electric vehicles. The strategic changes in the automotive industry reveal that gasoline demand is still higher, although electric vehicles will increase in demand in 2024. This statement requires data to support it but fails to do so. The green transformation increased the demand for electric vehicles in the market. However, electric vehicles struggle to overcome conventional vehicles for many reasons. Surveys in 2024 report that gasoline demand is…

The European steel market will experience dynamic changes in 2024. The European market scenario 2024 focuses on sustainability, economic challenges, advancing technologies, and production, among others. Hence, these are the important conditions influencing the European steel market 2024. Steel manufacturing must be strategic to meet market requirements in the era of clean energy transition.

The European steel market faced challenges in 2023. However, it is expected to create an equilibrium position in 2024. Experts emphasize that the European steel…

The shift toward clean mobility is a rising trend in light of the transformation of green energy. The clean energy transition stepped into the electric vehicles industry to lower carbon emissions. Decarbonization is an essential part of the transition to clean energy in 2024. Hence, electrification in all types of vehicles is necessary. Automotive industries are required to consider heavy-duty vehicles for electrification. Hence, the auto industry projects that electric buses are expected to get a higher adoption rate than electric cars in 2024. It is…

Sustainable development includes several changes in the energy market. It is necessary to reduce greenhouse gas emissions in the environment. The clean energy transition has adopted several shifts in the energy markets. These changes comprise- from conventional fossil fuels to renewables, fuel-run vehicles to electric vehicles, and others. The adoption of renewables has changed the dynamics of the environmental system. Conventional fossil fuels are placed lower in the rank of priorities. However, studies have proven that coal can be adopted in the energy…

The clean energy transition affects most of the sectors in the market. The transformation towards sustainability will impact the food and energy sectors in 2024. The food sector faces several problems, such as inflationary issues and instability in food commodities. Climate change is one of the leading causes of these uncertainties in the food sector. Hence, studies prove that food prices and climate change are interlinked.

At the beginning of 2024, the price index was at 119.1 points in April, up from March 2024 by 0.3 percent. The price index varies…