Stellantis NV, which employs 5,000 people in the U.K., said it’s unable to meet local requirements because of rising material costs and a lack of U.Kbattery supplies.

Carbon-credit markets have emerged among the main tools used to fight global warming, but the details need adjusting for the impact of supply and demand.

Owners of newer ships are also doing well, getting high prices for old ships while benefiting from strong tanker rates.

Construction on the battery plant will begin during the second half of 2024 with operations set to commence sometime in 2026.

Aggregated speed for the global LNG vessel fleet has declined, going from an average of about 14 knots for April in previous years, down to 13 knots in April 2023.

The pull-back will likely offer some relief to the oil market, where long-haul arbitrage cargoes have had more difficulty due to elevated freight rates.

Advances in robotics and artificial intelligence are making solar power more accessible and more efficient than ever before.