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Indonesia’s JETP receives $25 million rooftop solar development fund
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Indonesia’s JETP receives $25 million rooftop solar development fund

Indonesia’s Just Energy Transition Partnership (JETP) has finally attracted its first overseas investment. The startup Xurya has secured a $25 million investment from the Norwegian Climate Investment Fund (NCIF).
August 26, 2024
Transport receives highest share of Germany's climate-damaging subsidies by far, report finds
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Transport receives highest share of Germany's climate-damaging subsidies by far, report finds

The transport sector receives by far the biggest share out of all of Germany's government subsidies that are harmful to the climate, according to a report commissioned by the economy ministry.
August 23, 2024
Tech giants’ RE100 commitments under fire amid unbundled REC controversy
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Tech giants’ RE100 commitments under fire amid unbundled REC controversy

The RE100 goal can be achieved through RECs with unbundled certificates, meaning that tech companies can claim to use renewable energy by purchasing certificates, even if they are not actually using electricity generated by renewable sources.
August 23, 2024
Meeting 1.5°C warming limit hinges on governments more than technology, study says
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Meeting 1.5°C warming limit hinges on governments more than technology, study says

The ability of governments to implement climate policies effectively is the “most important” factor in the feasibility of limiting global warming to 1.5°C, a new study says.
August 22, 2024
US-China trade tensions threaten Southeast Asia's solar supply chain
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US-China trade tensions threaten Southeast Asia's solar supply chain

The solar supply chain in Southeast Asia appears to be facing turbulent times as the U.S. accuses companies in the region of unfair competition and plans to raise tariffs. As a result, some manufacturers are delaying production or withdrawing operations.
August 22, 2024
Data centers in Taiwan face power supply challenges
News

Data centers in Taiwan face power supply challenges

As international companies increasingly establish artificial intelligence (AI) and cloud data centers in Taiwan, concerns are rising over the country’s power supply. Following a series of recent power outages, Taiwan Power Company (Taipower) delivered a s
August 21, 2024
Volvo aims for 30% carbon reduction in Taiwan by 2024
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Volvo aims for 30% carbon reduction in Taiwan by 2024

Swedish luxury carmaker Volvo is set to cut carbon emissions by 30% in Taiwan by 2024, collaborating with 21 dealerships to implement energy-saving measures and install solar panels. The company also plans to expand its energy management systems and energ
August 21, 2024
Japan, Southeast Asia sign 70 new deals to drive regional decarbonization
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Japan, Southeast Asia sign 70 new deals to drive regional decarbonization

The Asia Zero Emission Community (AZEC), led by Japan, held a ministerial meeting in Indonesia on August 20 and 21. During the meeting, 70 cooperation memorandums were signed to actively promote energy transformation in Southeast Asia.
August 21, 2024
Malaysia aims to attract RM 300 bln of green investment by 2030
News

Malaysia aims to attract RM 300 bln of green investment by 2030

To advance its green economy, the Malaysian government has set ambitious goals, vowing to significantly increase green investment, with a target of reaching 300 billion ringgit (about 72 billion USD) by 2030.
August 20, 2024
Electric ships could be a breakthrough for China
News

Electric ships could be a breakthrough for China

As the world’s biggest shipper and commodity trader, China could establish a mature business model for constructing electric ships. It could also build out better recharging infrastructure, bringing further climate, environmental and economic benefits.
August 19, 2024
Singapore, Philippines unite to retire coal plants early with 'transition credits'
News

Singapore, Philippines unite to retire coal plants early with 'transition credits'

On the 16th, Philippine energy giant ACEN, Singapore’s green investment company GenZero, and multinational company Keppel signed a memorandum of understanding to develop clean energy solutions aimed at helping coal-fired power plants retire early and obta
August 19, 2024
Orsted open to using Chinese wind turbines
News

Orsted open to using Chinese wind turbines

China’s low-cost wind turbines are flooding into Europe, raising concerns among local companies. Ørsted, the world's largest offshore wind developer, has also indicated that it may consider importing turbines or technology from China
August 16, 2024
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