News
Green Policy
May 04, 2022
India orders mandatory bundling of renewables with coal-based plants
The Indian government plans to make bundling of conventional electricity with renewable energy mandatory for all generation companies in the country, including private ones, to reduce the country’s coal demand and make electricity prices cheaper or more a
May 04, 2022India’s central bank urges cement sector to cut emissions
In a recent report, the Reserve Bank of India (RBI) pushed for technological intervention to address carbon emissions from the cement industry to help India meet its net-zero emission targets.
April 27, 2022LG Chem signs Korea’s first long-term contract for renewable energy certificate
LG Chem announced on Sunday that it had signed a 20-year long-term purchase contract for renewable energy certificates (REC) at Samcheonpo Thermal Power Plant with Korea South-East Power to ensure a stable supply of renewable energy.
April 27, 2022Renewables to double by 2050, oil demand to peak before 2030, projects McKinsey
The energy transition is continuing, with renewable energy’s share of global power output predicted to double in the next 15 years, while total fossil fuel demand is expected to peak before 2030, according to McKinsey’s annual report.
April 26, 2022OCBC to launch tokenized carbon credits for hard-to-abate sectors
The Oversea-Chinese Banking (OCBC) and the Metaverse Green Exchange (MVGX), a Singapore-based green digital asset marketplace, announced on Monday that they are joining forces to take climate action.
April 25, 2022EDP Renewables inks 60-MW solar PPA with US pharma company
EDP Renewables, through its subsidiary EDP Renewables North America, has signed a 15-year power purchase agreement (PPA) with American pharmaceutical company Bristol Myers Squibb for 60 MW renewable energy from the 240-MW Cattlemen Solar Park in Milam Cou
April 25, 2022US government eyes 29 GW renewable energy expansion on public lands by 2025
The US Bureau of Land Management (BLM) has announced that it aims to approve the construction of 39 utility-scale solar projects totaling more than 29 GW of plant capacity on federal public lands in six western states through third quarter of 2025.
April 25, 2022Shell plans to retire 120 million tonnes of carbon credits by 2030
Shell aims to retire 120 million tonnes carbon dioxide equivalent of carbon credits in 2030, roughly 20 times the amount it did in the coronavirus pandemic-affected year of 2021.
April 22, 2022Portugal simplifies permission process for renewable energy projects
The Portuguese government has promulgated a new decree on Monday, adopting exceptional measures to simplify permission procedure for renewable energy projects. The new rules are immediately effective for a period of two years.
April 21, 2022Renewable market size to hit $1,998.03 billion by 2030 with Asia Pacific leading the way
As worries about climate change and pollution levels continue to grow, the worldwide renewable energy market size is expected to value around US$1.9 trillion by 2030, with a compound annual growth rate of 8.6% from 2022 to 2030, according to Precedence Re