The first ten places on the list of the largest greenhouse gas emitters in the EU are occupied by coal-fired power plants, with the highest number found in Poland and Germany. These ten power plants accounted for one-quarter of the total emissions from the energy sector and 13 percent of …
Read More »Global Investment in Clean Energy is on Course to Rise to USD 1.7 Trillion in 2023
Global investment in clean energy is on course to rise to USD 1.7 trillion in 2023, with solar set to eclipse oil production for the first time. Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis …
Read More »Australia and India to Boost Clean Energy Cooperation
Australia and India on Wednesday pledged to work closer to advance renewable energy, increase cooperation in the critical minerals sector, and study green hydrogen development during a visit of Indian Prime Minister Narendra Modi to Australia. “Renewable energy was once again a focus and an important topic in our discussions,” …
Read More »World’s First Hydrogen-Powered Urban Train Unveiled in China
A Chinese railway equipment company unveiled the world’s first hydrogen-powered urban train during a China Brand Day event this week in Shanghai. The green and low-carbon train, built by the China Railway Rolling Stock Corporation (CRRC), can run as fast as 160 kilometers an hour with a range of 600 …
Read More »The Clean Energy Boom Has a Major Waste Problem
Renewable energy is on a massive growth trend. Solar and wind installation rates are soaring and EV sales continue to balloon as technology advances, prices become more competitive, governments get serious about supporting the clean energy transition, and all kinds of geopolitical stars have aligned. While more renewable energy is …
Read More »Australia Pledges $1.4 Billion in Bid to be Hydrogen Superpower
Australia will allocate A$2 billion ($1.4 billion) to support renewable hydrogen projects, as the major fossil fuel exporter attempts to reinvent itself as a clean energy powerhouse. The funding, announced in the budget late Tuesday, will provide revenue support to private developers, with the aim of having two or three …
Read More »IEA: Achieving Reduction in Oil and Gas Emissions will Require a $600 Billion Expenditure
Around $600 billion spending is required this decade to achieve the cut in oil and gas emissions, according to a new IEA report. This is only a fraction of the record windfall income that oil and gas producers accrued in 2022. Many of the measures also generate additional income streams …
Read More »IEA: Global Electric Car Sales Set to Surge by 35% this Year
Global electric car sales are set to surge by 35 per cent this year, helped by government subsidies and the tightening of carbon dioxide emissions standards, the International Energy Agency has said. Electric car sales are projected to reach 14 million in 2023 from 10 million last year, the Paris-based …
Read More »European Countries Aim to Turn North Sea into Green Power Engine
Leaders from European countries surrounding the North Sea are set to pledge to expand renewable generation in the region to strengthen energy security, at a summit in Ostend, Belgium, on Monday. Seven European Union countries, including France, Germany and the Netherlands, alongside non-EU countries Norway and the United Kingdom, will …
Read More »US Boosts Support for Developing Countries’ Climate Action with $1bn Pledge
The US is strengthening support for climate action in developing countries by providing $1 billion (£810m) to the Green Climate Fund (GCF). This brings the total US contributions to the GCF to $2 billion (£1.6bn) since 2015. The GCF has approved over $12 billion (£9.6bn) for projects across more than …
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