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Green Policy
May 10, 2022
EU seeks one-year limit for renewable energy permission process
The European Commission aims to accelerate the bloc’s green transition and to wean itself off Russian resources by allowing some renewable energy projects to acquire permits within a year, Reuters reported on Monday, quoting a draft document.
May 09, 2022AES, Amazon ink PPAs for 450 MW solar, 225 MW energy storage
American energy developer AES Corporation announced last week that it has signed two power purchase agreements (PPAs) with Amazon to deliver 450 MW of clean energy to power its data center operations in California.
May 06, 2022I-REC transactions go digital with ENGIE’s online platform
ENGIE Brasil, Brazil’s largest private energy generator, has started the digital transaction of I-REC, a certificate proving the renewable origin of the power consumed, on Energy Place, a digital marketing platform developed by the company.
May 06, 2022AES to supply Microsoft 110 MW solar for its California data centers
American energy company AES Corporation announced this week that it has entered into a 20-year power purchase agreement with Microsoft to deliver renewable energy to its California data centers.
May 05, 2022Japan submits to IMO ‘most ambitious’ carbon tax plan
The Japanese government has submitted a proposal to the International Maritime Organization (IMO) to impose a hefty carbon tax, adding to a growing list of possibilities for the regulator’s Marine Environment Protection Committee (MEPC) to consider at its
May 04, 2022India 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.