News
March 03, 2023
BP to invest $2 billion in building green hydrogen hub in Spain
BP recently announced plans to invest up to 2 billion euros ($2.12 billion) in its Spanish refinery to produce low-carbon hydrogen and biofuels through the HyVal project.
March 02, 2023China approves record number of new coal-fired power plant in 2022
China approved the construction of 106 GW of new coal-fired power capacity last year, four times more than the previous year and the highest level since 2015, spurred by energy security concerns, according to a research released on Monday.
March 02, 2023Gas shortage is unlikely to hit Germany next winter, research suggests
Germany is not likely to encounter a gas crisis this winter and should postpone the conversion of floating liquefied natural gas (LNG) terminals to fixed ones, a report by the DIW economic institute said.
March 01, 2023Germany scales up energy transition to strengthen renewables industry
Germany has identified three core measures including financial support to boost energy transition technologies as well as increased green power generation and transmission to regain its position, Economics Minister Robert Habeck said on Tuesday.
February 24, 2023Indonesia introduces carbon trading scheme for coal power plants
Indonesia's efforts to decarbonize the country's power generation sector took a significant step forward on Feb. 22 when the government initiated the first phase of mandatory carbon trading for coal-fired power plants.
February 24, 2023EU climate diplomacy deal caught in debate on nuclear
The European Union countries failed to adopt climate diplomacy conclusions scheduled for Monday due to a developing split over the role of nuclear energy in the green transition, according to EU officials.
The European Commission proposed regulations l
February 24, 2023The European Commission proposed regulations l
EU carbon price hits record high, topping €100 per tonne
The price of permits on the European Union's carbon market reached 100 euros ($106.57) a tonne for the first time on Feb. 17, reflecting the increased costs that factories and power plants must bear when they pollute.
EUAs are the primary currency in t
February 23, 2023EUAs are the primary currency in t
Germany to quicken power market reform amid rising demand, minister says
Germany must act quickly to meet its renewable energy targets if it wants to keep the lights on amid rising energy demand, Economy Minister Robert Habeck said.
Habeck is looking to overhaul the 550 terawatt hours (TWh) per year market, as demand rises
February 23, 2023Habeck is looking to overhaul the 550 terawatt hours (TWh) per year market, as demand rises
Australia must accelerate renewables deployment to avoid power shortage
Blackouts could hit eastern Australia by the middle of this decade if renewable energy projects are not scaled up as the country rapidly shifts away from its reliance on coal-fired power plants, the energy market operator said on Tuesday.
February 22, 2023Indonesia’s energy transition continues to face headwinds
Indonesia is one of the world's leading coal producers. Nonetheless, it has pledged to cut back on its usage of fossil fuels in the near future.
Last year, Indonesia signed five agreements to cut its carbon emissions. Among these was the $20 billion Ju
Last year, Indonesia signed five agreements to cut its carbon emissions. Among these was the $20 billion Ju