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10:15 ET Machine Safety Market worth $7.45 billion in 2030 - Exclusive Report by MarketsandMarkets™

The global machine safety market is projected to grow from USD 5.66 billion in 2025 to USD 7.45 billion by 2030, at a CAGR of 5.7%. This growth is driven by the adoption of advanced safety systems to reduce industrial accidents. Key components include safety controllers, emergency shutdown devices, and safety interlocks. The robotics segment is expected to see the highest growth due to new safety regulations. Europe is anticipated to be a significant market, driven by strict safety standards and a focus on reducing operational costs.

prnewswire·
prnewswire·

BREAKINGVIEWS-Trump can delay but not stop global climate action

Donald Trump's absence at the COP30 climate conference highlights his administration's push for fossil fuels and withdrawal from global climate agreements. Despite this, global trends favor clean technology, with China leading in renewable energy production. Emerging economies are seeking private investment for low-carbon growth, while financial innovations aim to channel significant funds into clean technology projects. The upcoming COP30 will discuss a roadmap to mobilize $1.3 trillion annually for developing countries' energy transitions, emphasizing the need for a collaborative approach to tackle climate change.

Reuters·
Reuters·

Ofwat proposes nearly $15 million penalty on Wessex Water for sewage failures

Ofwat has proposed a £11 million ($14.8 million) penalty against Wessex Water for failing to maintain its wastewater network, resulting in sewage spills. This is part of a broader investigation into wastewater management, with total penalties exceeding £240 million this year. Wessex Water will fund the penalty without passing costs to customers. Despite past investments of over £150 million since 2020, further compliance measures are necessary. A public consultation will precede Ofwat's final decision on the enforcement package.

Reuters·
Reuters·

PLATTS: 100--COP30: EU, China, UK back Brazil-led carbon pricing coalition

Brazil has launched a global coalition on compliance carbon markets, endorsed by 10 major economies including the EU, China, and the UK, ahead of the UN Climate Change Conference. The coalition aims to enhance carbon pricing mechanisms and interoperability among emissions trading systems, promoting decarbonization. Currently, 80 countries have carbon pricing systems, covering 28% of global emissions. However, carbon pricing adoption has been slow, with significant price disparities between countries, such as the EU's carbon permits being 13 times more expensive than China's compliance prices.

Reuters·
Reuters·