News

Renewable energy generation in Southeast Asia can generate USD 90 billion to 100 billion in sustainable revenues by 2030, according to a new report.

A wind farm in Vietnam's Ben Tre province, consisting of seven wind turbine towers, has remained inactive for several months, symbolizing the bureaucratic red tape that’s hindering the development of green energy in the country.

The International Renewable Energy Agency (IRENA) reported on Tuesday that renewable energy capacity worldwide grew by 9.6% last year. Despite this impressive growth, IRENA warned that the rate of expansion must triple to limit global warming.

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.

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.

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.

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.

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.

China’s buildings and rooftops have potential to host more than 1,000 GW of solar power capacity — almost the same size as the entire existing global industry, according to the sector’s largest manufacturer.

New solar installations in the U.S. dropped 16% to 20.2 GW in 2022 from the prior year, largely because a ban on some Chinese goods limited the availability of panels, according to a market report released on Thursday.