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March 11, 2022
German government agrees to abolish renewables levy as energy prices skyrocket
The German government approved a draft law on Wednesday, planning to abolish the Renewable Energy Source Act (EEG) levy that consumers pay with their electricity bills from July 1 this year.
March 11, 2022Australian carbon prices plummeted after regulator’s surprise intervention
Last Friday, Australia's Clean Energy Regulator announced new changes to the Emissions Reduction Fund, as well as a decision to share with carbon farmers and landholders the windfall profits generated from the change.
March 10, 2022Poor grid infrastructure may impede Southeast Asia’s renewable push
According to a new report by Black & Veatch, flexible transmission infrastructure is a critical enabler for solar and wind power to function, and Southeast Asia needs to start preparing for stronger networks to support its renewable ambition.
March 10, 2022Turkey mulls legislation to promote use of renewable energy
The Turkish government is stepping up efforts to increase the usage of green energy and is planning new legal requirements to help consumers transition to renewable energy sources.
March 10, 2022Global carbon emissions rebounded to record high in 2021 amid economic recovery
After the world recovered from the Covid-19 pandemic with significant reliance on fossil fuels, carbon emissions surged to their greatest levels in history in 2021, with energy related emissions increasing 6% to 36.3 gigatonnes, according to a new report
March 09, 2022JSW Energy signs PPA with Haryana for 240 MW hydro power
JSW Energy announced on Monday that JSW Energy Kutehr Ltd., its wholly-owned step-down subsidiary, has signed a power purchase agreement (PPA) with Haryana Power Purchase Centre (HPPC) for the supply of 240 MW hydro power.
March 09, 2022SBTi shuts door on carbon target validation for fossil fuel firms and suppliers
The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action, has made change to its criteria and will no longer accept pledges or validate targets from fossil fuel companies.
March 09, 2022Carbon credits market to worth trillions within two decades
As governments set up environment pledges, most enterprises around the world are required to attain net zero emissions by 2050. The carbon credit market thus has the potential to explode. The total amount of carbon credits traded last year was over US$1 b
March 08, 2022Saudi Arabia awards two renewable projects, a step closer to Saudi Vision 2030
Saudi Arabia’s energy ministry announced on Monday that the government had awarded Ar Rass and Saad renewable energy projects with a total capacity of 1,000 megawatts.
March 07, 2022IFM, QIC strike PPA with Origin Energy to green Autralia’s critical infrastructure
IFM Investors and Queensland Investment Corporation (QIC), two of Australia's largest infrastructure fund managers, have collaborated on a new renewable energy program to help reduce electricity costs and greenhouse gas emissions at key Australian airport