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Four pilot projects, including two from Africa, to reduce greenhouse gas emissions in ports in Africa and the Caribbean are ready for implementation, following their selection under the IMO CARES Global Technology Challenge which was launched in November last year.
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Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is so large that it is likely to limit the price effects even of a wider conflict in the Middle East, according to the World Bank’s latest Commodity Markets Outlook. Even so, overall commodity prices will remain 30% higher than they were in the...