China's installed capacity of renewable energy registered double-digit growth in the first five months of the year as the country strived to reach its carbon peaking and carbon neutrality goals.
The Chinese news agency, Xinhua reported on Saturday.
In the January-May period, the capacity of wind power jumped 17.6 per cent year on year to around 340 million kilowatts, while solar farms saw capacity hit 330 million kilowatts, an increase of 24.4 per cent, according to the National Energy Administration.
By the end of May, the country's total installed power generation capacity reached about 2.42 billion kilowatts, rising 7.9 per cent from a year ago, the data showed.
China has announced that it will strive for peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.
The country is forging ahead in renewable energy development to improve its energy structure.
According to an action plan released last year, it aims to increase the share of non-fossil energy consumption to around 25 per cent by 2030.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.