News in Numbers

India’s Ministry of Power predicts that non fossil-fuelled power will account for 57.4% of the country’s energy mix by 2026-2027. 

Munich-based Proxima Fusion received $7.5m in pre-seed funding for its fusion device

Finnish company Joensuu Biocoal Oy plans to build a torrefied biomass plant, that would produce 60,000 tonnes of biocoal briquettes from late 2024.

The cost of the UK’s Hinkley Point C nuclear project has risen to $40bn, EDF documents have shown.

Research from the International Emissions Trading Association and professional services giant PwC expects EU carbon prices to average €84.40 between 2023 and 2025.