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Global
March 22, 2023
South Korea lowers 2030 industrial emissions reduction targets
South Korea on Tuesday revised down its 2030 greenhouse gas emissions reduction targets for the industrial sector, but kept its commitment to reducing carbon emissions by 40% of 2018 levels in what it called a reasonable adjustment.
March 22, 2023Netherlands plans to build 500 MW offshore green hydrogen project in North Sea
The Dutch government has unveiled its plans to construct a large-scale hydrogen production facility to covert wind power into hydrogen in the North Sea.
March 20, 2023EU unveils Net-Zero Industry Act in response to IRA
The European Union has introduced a range of fresh initiatives to foster green technology and secure raw materials, in an effort to maintain its competitive edge against the U.S. and China amid growing global protectionism.
March 20, 2023South Africa's biggest property group to double solar power capacity by July
Growthpoint Properties , South Africa's largest-listed property group, said it will expand its solar power capacity in response to increasing energy costs amid persisting rolling blackouts.
March 16, 2023Grid shortage hinders South Africa's power generation plans
Shortages of grid connections is a significant obstacle that must be addressed as South Africa endeavors to increase its power generation capacity to put an end to its unprecedented blackouts, according to the head of an office that procures power from pr
March 16, 2023Germany plans to launch long-term subsidy scheme to cut industry emissions
Germany seeks to launch a subsidy program for industries in April to help them transition to carbon-neutral production, according to a document released on Tuesday, as Europe's largest economy explores measures to make industry carbon-neutral by 2045.
March 16, 2023China to slash steel output for third year to reach climate goals
China will again decrease its yearly crude steel production in 2023, according to a source familiar with the matter. This move will mark the third consecutive year in which the government has imposed forced cuts to output to curb carbon emissions from the
March 16, 2023ING to restrict financing of oil, gas trading against climate change
ING Group NV, a leading global lender to commodities trading, has announced its plans to cut the volumes of oil and gas deals it finances as part of its efforts to markedly reduce the company's carbon footprint.
March 15, 2023China likely to triple its target for renewables, says Goldman Sachs
China is likely to install nearly three times more wind turbines and solar panels by 2030 than its current target, helping shift the world's largest fuel importer toward energy self-sufficiency, according to Goldman Sachs Group Inc.
March 14, 2023EU unveils measures to prevent industrial decline amid green transition
The European Union is a global leader in reducing carbon emissions, but it is also taking steps to ensure that the green transition does not turn it into an industrial desert, with a raft of measures set to be announced next week.