Energy Transition
Harald Mix steps down as Stegra chairman
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Steel company Stegra, building a fossil-free steel plant in Boden, announced on October 20, 2025, that founder Harald Mix is stepping down as board chairman. Mix remains a board member while Shaun Kingsbury takes over the role. The news comes amid a financial crisis where the company needs 10 billion kronor in new capital.
A new study indicates that the United States will need both green subsidies and carbon pricing to achieve net-zero greenhouse gas emissions by 2050. While subsidies can initially reduce emissions, they alone are insufficient without eventual taxes on carbon. Inconsistent policies across administrations could make the transition slower and more costly.
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The Federal Government of Nigeria has emphasized that its shift to a low-carbon economy will proceed at a pace suited to the country's economic needs. This stance was highlighted during the launch of a Climate-Smart Electric Vehicle Recharge Hub in Abuja. Officials stressed balancing global climate goals with national priorities like revenue from oil.
Solar electricity generation doubled between 2022 and 2024, now supplying 7 percent of the world's electricity. In the first half of 2025, wind and solar surpassed coal as the top source of power, driven largely by solar's rapid growth. Experts predict solar could generate 80 percent of global electricity by 2100.