News
Asia Pacific
February 08, 2023
Malaysian’s Petronas to buy Wirsol’s Australian renewables portfolio
Malaysia’s state-owned oil and gas company Petronas is finalizing its acquisition of German developer Wirsol's renewable assets and pipeline in Australia, according to sources involved in the transaction.
February 04, 2023Taiwan expects to add 2 GW solar, wind capacity in 2023
According to the Ministry of Economic Affairs (MOEA), Bureau of Energy, six utility-scale solar projects are planned to be completed this year, and four offshore wind farms will be connected to the power grid, adding a total capacity of 2 GW, or the equiv
February 02, 2023Taiwan passes climate law amendments to achieve net zero by 2025
Taiwan's legislature passed the "Climate Change Response Act" on Jan. 10, establishing a carbon fee system for large emitters and setting a goal of reaching net-zero emissions by 2050.
January 19, 2023China building world’s biggest offshore wind farm as renewable energy growth gains momentum
China is building the world’s largest commercial floating offshore wind farm off the coast of Hainan, showing sign of growing momentum of renewable energy.
January 10, 2023Chubb review recommends changes to Australian carbon credits scheme
A review of Australia’s controversial carbon credit system has recommended significant changes to how it is managed, but rejected claims that the scheme lacks integrity and is not delivering real cuts in greenhouse gas emissions.
January 06, 2023Australian forests could become net carbon emitters in coming decades, report finds
Forests in New South Wales are continuing to be cleared to a point that some could become net carbon emitters in coming decades, according to a report released in December by the New South Wales’ Natural Resource Commission.
December 30, 2022Taiwan sets new emissions reduction goal for 2030
Taiwan aims to reduce carbon emissions by 23-25% by 2030 compared with 2005 levels in pursuit of achieving net-zero carbon emissions by 2050, the National Development Council said Wednesday at a press conference.
December 29, 2022Delhi High Court suspends REC trading for six weeks
The Delhi High Court has suspended the market for trading renewable energy certificates (RECs) issued before October 31, 2022 for six weeks.
December 26, 2022China’s ETS trading volume crosses 10 billion yuan mark
China’s national emissions trading scheme (ETS), the world’s largest carbon market covering a seventh of emissions globally, hit 10 billion yuan (US$1.4 billion) in total transactions on Thursday.
December 26, 2022CERC raises fees & charges on REC certificates
The Central Electricity Regulatory Commission (CERC) has agreed on Dec. 9 to revise up fees and charges paid by eligible entities for accreditation, registration and issuance renewable energy certificates (RECs).