News
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, 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.
October 07, 2022
BNEF: 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 29, 2022
Queensland to shut coal plants by 2035
Queensland, one of Australia's biggest coal-producing states, announced on Sep. 28 an A$ 62 billion ($40 billion) clean energy plan to end its reliance on fossil fuels and convert its coal-fired power stations to renewable hubs by 2035.
September 23, 2022
Iron 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, 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.
September 14, 2022
Chicago 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, 2022
EC 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 26, 2022
Gulf Energy, Bangchak shift toward renewables
Thai energy company Gulf Energy Development and petroleum and energy conglomerate Bangchak Corporation are committed to promoting clean energy and technology innovations, paving the way for sustainable growth.
