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Global renewables capacity additions increased by 10% last year: IRENA
News

Global renewables capacity additions increased by 10% last year: IRENA

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.
March 23, 2023
Netherlands plans to build 500 MW offshore green hydrogen project in North Sea
News

Netherlands plans to build 500 MW offshore green hydrogen project in North Sea

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.
March 22, 2023
South Korea lowers 2030 industrial emissions reduction targets
News

South Korea lowers 2030 industrial emissions reduction targets

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.
March 22, 2023
South Africa's biggest property group to double solar power capacity by July
News

South Africa's biggest property group to double solar power capacity by July

Growthpoint Properties , South Africa's largest-listed property group, said it will expand its solar power capacity in response to increasing energy costs amid persisting rolling blackouts.
March 20, 2023
EU unveils Net-Zero Industry Act in response to IRA
News

EU unveils Net-Zero Industry Act in response to IRA

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.
March 20, 2023
Class 3 renewables potential in Southeast Asia: Biomass energy in Thailand
Research

Class 3 renewables potential in Southeast Asia: Biomass energy in Thailand

It is nearly impossible for businesses to achieve 100% renewable energy use (RE100) depending solely on wind or solar energy, especially with the bundled REC mechanism and 24/7 use of renewable energy. Therefore, most companies that have completed RE100
March 20, 2023
Class 3 renewables potential in Southeast Asia: Geothermal energy in Indonesia
Research

Class 3 renewables potential in Southeast Asia: Geothermal energy in Indonesia

Both Indonesia and the Philippines have abundant geothermal resources. Indonesia, in particular, has the greatest potential in Southeast Asia.
March 20, 2023
ING to restrict financing of oil, gas trading against climate change
News

ING to restrict financing of oil, gas trading against climate change

ING Group NV, a leading global lender to commodities trading, has announced its plans to cut the volumes of oil and gas deals it finances as part of its efforts to markedly reduce the company's carbon footprint.
March 16, 2023
China to slash steel output for third year to reach climate goals
News

China to slash steel output for third year to reach climate goals

China will again decrease its yearly crude steel production in 2023, according to a source familiar with the matter. This move will mark the third consecutive year in which the government has imposed forced cuts to output to curb carbon emissions from the
March 16, 2023
Germany plans to launch long-term subsidy scheme to cut industry emissions
News

Germany plans to launch long-term subsidy scheme to cut industry emissions

Germany seeks to launch a subsidy program for industries in April to help them transition to carbon-neutral production, according to a document released on Tuesday, as Europe's largest economy explores measures to make industry carbon-neutral by 2045.
March 16, 2023
Grid shortage hinders South Africa's power generation plans
News

Grid shortage hinders South Africa's power generation plans

Shortages of grid connections is a significant obstacle that must be addressed as South Africa endeavors to increase its power generation capacity to put an end to its unprecedented blackouts, according to the head of an office that procures power from pr
March 16, 2023
China likely to triple its target for renewables, says Goldman Sachs
News

China likely to triple its target for renewables, says Goldman Sachs

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.
March 15, 2023
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