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News
October 18, 2022
New renewable energy initiative aims to benefit developing countries
A new not-for-profit initiative called the Distributed Renewable Energy Certificate (D-REC), backed by multiple stakeholders, is developing an internationally recognised market instrument acting as a guarantee of origin for distributed renewable energy.
October 14, 2022EU 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, 2022UK 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.
October 07, 2022BNEF: Renewables investment must quadruple by 2030
To reach net-zero emissions by 2050 and limit global warming to 1.5C temperature, investment in renewable energy sources needs to exceed finance flows to fossil fuels by a factor of four over the next decade, according to a report published by BloombergNE
September 23, 2022Iron ore giant Fortescue pledges to go green by 2030
Australian resource giant Fortescue Metals Group, one of the world’s biggest iron ore producers, has unveiled a $6.2 billion plan to transition to renewable energy by 2030. Its billionaire owner Andrew Forrest has urged other heavy industries to follow su
September 14, 2022Hawaii 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.
September 14, 2022Chicago to power city with 100% renewables
The US city of Chicago plans to run more than 400 public buildings, including City Hall and two international airports with 100% renewable electricity.
August 30, 2022EC selects first three cross-border renewables projects
The European Commission (EC) has announced the first list of renewable energy cross-border projects under the Connecting Europe Facility (CEF).
August 17, 2022India speeds up on green energy transition
India has increased its investments in renewable energy in recent years. Traditional energy sources that rely on hydrocarbon resources are being replaced with green energy including solar, wind, and hydrogen. The impact may be slow, but a huge disruption
August 11, 2022India legislators approve energy conservation bill
The lower house of India’s parliament on August 9 passed a bill to increase the use of renewable energy and make industrial polluters pay a price for the carbon they emit, marking another step toward its climate goals.