The MoU aims to facilitate the development of two Waste-to-Energy (WtE) plants – in Abu Dhabi and Al Ain – which, upon completion, would have the potential to transform up to 1.5 million tonnes of municipal waste into energy every year and collectively reduce CO2 emissions by approximately 2.5 million tonnes annually – equivalent to the removal of more than 500,000 cars from the road.

The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil fuel dependent sectors of the economy, such as steel, heavy-duty vehicles, shipping and cement.

Podcast/Audio - The podcast is all about the cleantech and start-up journeys of the leading CEOs and founders in the sector.

Brent was down $1.45, or 5.5%, at $24.90. WTI was down 27 cents, or 1.3%, at $20.21.

The discussions between Washington and Moscow mark a new twist in global oil diplomacy since a failed deal earlier this month between the Organization of the Petroleum Exporting Countries and Russia to cut production ignited a price war that sent oil prices tumbling.

Economic sanctions should be lifted to prevent hunger crises in countries hit by COVID-19 – UN rights expert

China is boosting U.S. energy imports at a time when the world is swamped with excess supply after the Organization of the Petroleum Exporting Countries (OPEC) and Russia failed to extend production cuts and as measures to curb the spread of the coronavirus undermined demand.

The Dow Jones Industrial Average .DJI fell 410.32 points, or 1.84%, to 21,917.16, the S&P 500 .SPX lost 42.06 points, or 1.60%, to 2,584.59 and the Nasdaq Composite .IXIC dropped 74.05 points, or 0.95%, to 7,700.10.

At the close, the Shanghai Composite index was down 0.57% at 2,734.52.

China's oil product consumption over the first two months of 2020 dropped 14.1% year on year to 41.94 million mt.