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May 29, 2023
Global clean energy investments to hit $1.7trln in 2023– IEA
Investments in clean energy could outpace spending on fossil fuels due to energy security concerns exacerbated by the war in Ukraine, as well as policy support from wealthy countries, according to a new report published by the International Energy Agency
May 29, 2023Carbon pricing generates record revenue, says World Bank report
Charging firms for emitting carbon dioxide has generated a record high of about $95 billion in revenue, but prices remain too low to meet the targets set by the Paris climate accord, says a World Bank report.
May 26, 2023California asks EPA to approve ban on sales of gas-powered cars by 2035
California is urging the Biden administration to approve its plan to mandate all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids, according to a letter seen by Reuters.
May 25, 2023Southeast Asian ride-hailers’ carbon neutrality pledge stumbles as emissions surge
Singapore-based Grab and Indonesia's GoTo, the two biggest ride-hailing and delivery firms in Southeast Asia, are falling far behind their carbon neutrality pledge as their greenhouse gas emissions surged in 2022.
May 24, 2023Vietnam to launch carbon trade exchange in 2028
Vietnam plans to officially run a carbon trade exchange in 2028, according to a draft carbon market project in Vietnam conducted by the Ministry of Natural Resources and Environment.
May 23, 2023G7 embraces LNG to shift away from Russian gas
The Group of Seven (G7) countries call on the need to ensure energy security through actions including natural gas investments, calling it a "temporary" step as they accelerate the phase-out of our dependency on Russian energy.
May 22, 2023Korean companies favor CFE over RE100 campaign
The Korean government and industry have begun to promote the Carbon Free Energy (CFE) system, an initiative promoting 100% energy sources that do not emit greenhouse gases, including nuclear power.
May 22, 2023Octopus Energy to invest £1.5bn in Asia-Pacific renewables
British firm Octopus Energy Group has announced plans to invest 1.5 billion pounds ($1.21 billion) in the Asia-Pacific energy market by 2027 to accelerate the region's transition to clean energy.
May 19, 2023Vietnam approves $135bn power plan for 2030
Vietnam’s Prime Minister Pham Minh Chinh has approved the Power Development Plan 8 (PDP8), which is part of the National Electricity Development Plan 2021-30, after two years of wrangling and revision.
May 19, 2023India to confront EU Carbon Tax at WTO
India intends to file a complaint to the WTO over the EU's proposal to impose a 20% to 35% levy on carbon-intensive imports such as steel, iron ore, and cement from India, according to top government and industry sources.