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Turkey begins work on $15B Canal Istanbul

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The Turkish Straits, which include the Bosphorus and Dardanelles waterways, divide Asia from Europe. Critics say it would destroy a marine ecosystem and endanger some of the city’s fresh water supply.

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6K raises $51M to accelerate advanced battery material development and global expansion of additive manufacturing powders

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6K, a developer of microwave plasma technology for the production of advanced materials for energy storage and additive manufacturing powders ( earlier post ), closed a $51M Series C financing round.

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ADB draft report says 3B Asians could become affluent by 2050; significant challenges

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An additional 3 billion Asians could enjoy higher living standards by 2050, but only if Asia sustains its present growth momentum and addresses significant multigenerational challenges and risks, according to a new report commissioned by the Asian Development Bank (ADB).

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Visteon opens high-tech testing lab in Bulgaria | Autocar Professional

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The ceremony was attended by Visteon President and CEO Sachin Lawande, US Ambassador to Bulgaria Kenneth Merten, Minister of Innovation and Growth Milena Stoycheva, and Deputy Mayor of Finance and Healthcare of Sofia Municipality Ivan Vasilev.

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Stanford launches major new natural gas research initiative

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Idle natural gas import terminals are being retooled to export liquefied natural gas to Asia and Europe, which is looking to lessen its dependence on Russia for natural gas. Natural gas must be developed with safeguards to reduce impacts on water, air quality, land, nearby communities and ecosystems. Earlier post.).

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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However, the report notes, renewable energy price improvements are not universal, and costs range widely according to resources and the availability of financing. These technologies will become more cost-competitive in future, especially where low-cost financing is available. kWh in China and Asia to US$0.09/kWh kWh in Africa.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. Global food prices are predicted to rise 70 to 90 percent by 2030.