News
Asia Pacific
May 23, 2023
G7 embraces LNG to shift away from Russian gas
The Group of Seven (G7) countries call on the need to ensure energy security through actions including natural gas investments, calling it a "temporary" step as they accelerate the phase-out of our dependency on Russian energy.
May 22, 2023Korean companies favor CFE over RE100 campaign
The Korean government and industry have begun to promote the Carbon Free Energy (CFE) system, an initiative promoting 100% energy sources that do not emit greenhouse gases, including nuclear power.
May 22, 2023Octopus Energy to invest £1.5bn in Asia-Pacific renewables
British firm Octopus Energy Group has announced plans to invest 1.5 billion pounds ($1.21 billion) in the Asia-Pacific energy market by 2027 to accelerate the region's transition to clean energy.
May 19, 2023India to confront EU Carbon Tax at WTO
India intends to file a complaint to the WTO over the EU's proposal to impose a 20% to 35% levy on carbon-intensive imports such as steel, iron ore, and cement from India, according to top government and industry sources.
May 12, 2023India govt panel suggests ban on diesel vehicles by 2027
India should ban the use of diesel-powered four-wheeler vehicles by 2027 in cities with more than a million people and polluted towns and switch to electric and gas-fueled vehicles to reduce emissions, the Energy Transition Advisory Committee is recommend
May 11, 2023China completes first online trade for 1,000 tons of liquified CO2
China's Daqing Oilfield Co recently completed its first online trade for 1,000 tons of liquefied CO2 by bidding in the domestic market with a premium of 210 yuan ($30.37) per ton added to the original price, China Media Group reported on Monday.
May 04, 2023Australia’s record renewables drive down energy prices, emissions
Australia’s renewable energy output hit record level, helping extend the slide in wholesale power prices in the first three months of 2023, displacing fossil fuels and sending carbon emissions from the sector to new lows for the first quarter.
April 25, 2023Taiwan to start collecting carbon fees from second half of 2024
Taiwan's government plans to start collecting carbon fees from enterprises that generate greenhouse gas emissions starting in the second half of 2024, according to Environmental Protection Administration (EPA) head Chang Tzi-chin (張子敬).
April 24, 2023Brazil surpasses China to become biggest I-REC issuer
Demand for Brazilian international renewable energy certificates (I-RECs) rose to 13.96 TWh in the first quarter from 8.5 TWh a year earlier, making Brazil the largest global market.
April 10, 2023India plans to add 250 GW of renewable capacity in five years
India plans to achieve 500 GW of installed renewable capacity by 2030 by adding 250 GW of renewable energy capacity in the next five years, the Ministry of New and Renewable Energy (MNRE) said on April 5.