News
Green Policy
March 22, 2023
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 20, 2023South 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 16, 2023Germany 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, 2023ING 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 14, 2023EU unveils measures to prevent industrial decline amid green transition
The European Union is a global leader in reducing carbon emissions, but it is also taking steps to ensure that the green transition does not turn it into an industrial desert, with a raft of measures set to be announced next week.
March 10, 2023Canada eyes bigger share in global green technology sector
Canada will boost investments in the green transition in this year's budget to compete with massive U.S. incentives, but the aim is to claim a portion of the growing clean-tech industry, not to go head-to-head with the world's biggest economy, a senior Ca
March 09, 2023EU draft reveals plans to lock in more fixed electricity prices
The European Union has drafted plans to extend the use of contracts that pay power plants a fixed price for electricity, as part of its power market reform to protect European consumers from big price swings.
March 08, 2023Japan promises financial assistance to help ASEAN decarbonise
Japan pledged financial and technological assistance on Saturday to ASEAN countries in their efforts to decarbonize their economies and address climate change.
March 08, 2023EU to propose new rules for boosting renewable energy production
The European Union's executive body is ready to provide permissions, regulatory support, and easier access to public and private investment for some key green technologies, according to its draft document.
March 07, 2023Enbridge earmarks $2.4 bln in infrastructure, renewable projects in U.S.
Enbridge Inc of Canada announced plans to invest C$3.3 billion ($2.4 billion) in natural gas and liquids infrastructure and renewable power this year, and said there were better investment opportunities in the U.S. due to green energy subsidies.