APT Translations

Other new investors in REDEX are from the Middle East, Southeast Asia, and Japan, the company said in a statement, without naming them.

The storm is caused by the wrenching recovery of renewable from the Covid-19 pandemic and years of supply chain disruptions making raw materials expensive.

The lawsuit appears to be the first time the SEC has sued a firm that has been victim of a cyberattack. It has typically charged public companies for inadequate security or misleading disclosures over hacks and data breaches.

Singh, who is also president of ISA, stated that the recent G20 Summit in New Delhi also underscored the urgent need for a transition to clean energy.

This initiative aligns with the COP28 Presidency's Action Agenda objective of accelerating a just and orderly energy transition, keeping the 1.5 °C target within reach.

The replacement rate of solar panels is faster than expected and given the current very high recycling costs, there’s a real danger that all used panels will go straight to landfill, Singh explained.

Global leaders, through their commitments to energy targets, must set a new pace to reach the 1.5ºC goal.