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Indonesia introduces carbon trading scheme for coal power plants
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Indonesia introduces carbon trading scheme for coal power plants

Indonesia's efforts to decarbonize the country's power generation sector took a significant step forward on Feb. 22 when the government initiated the first phase of mandatory carbon trading for coal-fired power plants.
February 24, 2023
Australia must accelerate renewables deployment to avoid power shortage
News

Australia must accelerate renewables deployment to avoid power shortage

Blackouts could hit eastern Australia by the middle of this decade if renewable energy projects are not scaled up as the country rapidly shifts away from its reliance on coal-fired power plants, the energy market operator said on Tuesday.
February 23, 2023
Germany to quicken power market reform amid rising demand, minister says
News

Germany to quicken power market reform amid rising demand, minister says

Germany must act quickly to meet its renewable energy targets if it wants to keep the lights on amid rising energy demand, Economy Minister Robert Habeck said.

Habeck is looking to overhaul the 550 terawatt hours (TWh) per year market, as demand rises
February 23, 2023
Europe may face tighter energy shortage next winter, IEA's head warns
News

Europe may face tighter energy shortage next winter, IEA's head warns

Fatih Birol, head of the International Energy Agency (IEA), has warned of potential energy shortages next winter due to a lack of new liquefied natural gas (LNG) entering the market, while China's appetite is set to rise this year.
February 22, 2023
Indonesia’s energy transition continues to face headwinds
News

Indonesia’s energy transition continues to face headwinds

Indonesia is one of the world's leading coal producers. Nonetheless, it has pledged to cut back on its usage of fossil fuels in the near future.

Last year, Indonesia signed five agreements to cut its carbon emissions. Among these was the $20 billion Ju
February 22, 2023
Amazon funds $1.6 million for carbon-sequestering seaweed farm
News

Amazon funds $1.6 million for carbon-sequestering seaweed farm

Amazon.com has awarded 1.5 million euros ($1.6 million) to a Dutch project testing the feasibility of commercially producing seaweed in between turbines of offshore wind farms, the company and organisers said.
February 21, 2023
Oil-rich Guyana eyes carbon offset as lucrative revenue stream
News

Oil-rich Guyana eyes carbon offset as lucrative revenue stream

Guyana, which has pioneered offshore oil exploration, is leveraging its inland forests to access carbon markets, a business that the government sees as more profitable than mining or agriculture, Vice President Bharrat Jagdeo said.
February 21, 2023
Supply chain, red tape hamper European renewables projects: RWE CEO
News

Supply chain, red tape hamper European renewables projects: RWE CEO

The most significant barriers to rapidly expanding renewable energy in Europe are supply chain capacity and an uncertain investment environment, according to Markus Krebber, CEO of Germany's largest utility RWE.
February 20, 2023
Vietnam to postpone rules for offshore wind development
News

Vietnam to postpone rules for offshore wind development

A European Union business representative said that Vietnam may not have a legal framework to regulate offshore wind farms until next year, potentially deferring billions of dollars in foreign investment in the sector.
February 20, 2023
EU countries set to agree push on fossil fuel phase-out
News

EU countries set to agree push on fossil fuel phase-out

European Union countries are ready to approve a diplomatic statement on Monday calling for a global phase-out of fossil fuels, as they prepare for this year’s COP28, a draft document revealed.
February 20, 2023
China's CNPC set to strike 30-year LNG deal with Qatar
News

China's CNPC set to strike 30-year LNG deal with Qatar

China National Petroleum Corp (CNPC) is close to finalizing an agreement to purchase liquefied natural gas (LNG) from QatarEnergy for up to 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of t
February 18, 2023
Skills shortage crisis threatens EU renewables targets
News

Skills shortage crisis threatens EU renewables targets

The European Union's ambition to rapidly expand solar and wind power relies on a big increase in the solar and wind workforce during a difficult hiring season.
February 18, 2023
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