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Regulation
November 16, 2022
Brussels tables emergency law to boost renewables
The European Commission on November 10 put forward a temporary emergency rules to accelerate the deployment of renewable energies like wind and solar, saying the ongoing energy crisis fuelled by Russia-Ukraine conflict calls for exceptional measures.
November 10, 2022
France launches decarbonization strategy to slash maritime sector's carbon footprint
France has unveiled a plan aimed at reducing the carbon footprint of the shipping industry over the next seven years. Boosted by funding of 300 million euros, the industry is looking towards a greener future with the objective of building a zero emission
October 17, 2022
Australia to pledge to cut methane emissions by 30%
Australia’s new left-leaning government is set to commit to reducing global methane emissions by 30% by 2030.
October 14, 2022
EU countries eye scaling down 45% renewables target
EU countries are considering revising REPowerEU, the European Commission’s plan to shift away from Russian fossil fuels, including scrapping a proposed 45% renewable energy target for 2030, according to a document seen by EURACTIV.
October 12, 2022
UK set to impose revenue cap on renewable energy generators
The UK government has announced to introduce the ‘Cost-Plus Revenue Limit,’ a temporary cap on renewable energy companies’ revenue, to curb the impact of soaring wholesale power prices.
September 21, 2022
South African businesses propose revisions to carbon tax rates
The Energy Council of South Africa and other business representatives have jointly proposed recommendations to South African government for the country’s carbon tax scheme under the draft Taxation Laws Amendment Bill.
September 19, 2022
OCC designates its first-ever “climate cop”
The U.S. Office of the Comptroller of the Currency (OCC) has appointed Dr. Yue (Nina) Chen as its first chief climate risk officer to manage climate-related financial risks.
September 14, 2022
Hawaii closes its last coal-fired power plant to combat climate change
Hawaii recently shut down its last coal-powered electricity plant, a step forward in the state’s effort to adopt more renewable energy sources and use less fossil fuels such as coal and oil.
August 30, 2022
California to ban new gas-powered cars sales by 2035
California is banning the sales of new gasoline-only vehicles by 2035, marking a historic step toward combating climate change.
August 18, 2022
Meet the world’s first carbon negative country – Bhutan
Bhutan is not only the happiest country, but also the first carbon negative country in the world. With 70% of the nation’s land covered by forest, Bhutan is able to absorb more carbon dioxide than it emits.