World enters 'new age' of clean energy manufacturing: IEA

21 Sept 08:10 Key points summarised by AI

The International Energy Agency (IEA) heralds a "new industrial age" for clean energy manufacturing, projecting its global market value to triple to $650 billion annually by 2030, creating nearly 14 million jobs.
This substantial growth is contingent upon countries fully implementing their energy and climate pledges, driving demand for technologies like solar panels, wind turbines, and EV batteries.
Despite the promising outlook, the IEA warns of significant supply chain risks due to the high concentration of resource extraction and manufacturing capacity in a few countries, with China dominating several key areas.
Rising prices for critical materials such as cobalt and lithium, fueled by supply chain tensions, threaten to increase the cost and complexity of the global energy transition.
The IEA urges countries to diversify supply chains and enhance international collaboration to mitigate risks, drawing parallels to Europe's past reliance on Russian gas to underscore the dangers of over-dependence.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.