For years, Kenya has been a leader in Africa in renewable energy’s share of its power mix. It now looks to capitalize on the booming clean technology industry and become a supply-chain partner of major economies, including the United States. Africa has abundant key energy transition minerals. It also has …
Read More »EU Adopts Rules on Methane Emission Limits for Fossil Fuel Imports
The European Union approved on Monday a set of rules and regulations that will impose methane emissions limits and monitoring of the EU’s energy sector and oil, gas, and coal imports beginning in 2030. The new regulation on tracking and reducing methane emissions is part of the EU’s ‘Fit for …
Read More »Kazakhstan Joins EU program to Help Promote a Green Transition
Kazakhstan is considering new procurement standards to maximize the efficiency and effectiveness of state spending while aiming to minimize the environmental harm of public works and services. Government contracts for goods, works and services totaled about $19.7 billion in 2023. In the past, environmental concerns didn’t figure much in state …
Read More »Japan Looks to Strike a Balance between Energy Security and Net Zero
Resource-poor Japan is launching the most important energy policy discussions in its post-World War Two history, aiming to strike a balance between the need to boost its energy security with conventional sources and its pledge to become a net-zero economy by 2050. The industry ministry of one of the world’s …
Read More »The Race for Green Hydrogen Dominance is Heating up
Several regions of the world are battling to achieve green hydrogen dominance by rapidly developing their hydrogen production capacity, transport infrastructure, and hydrogen corridors. While Asia and the Middle East are rapidly building their production capabilities, Europe is focusing on connectivity to ensure it can transport hydrogen across borders. Hydrogen …
Read More »China’s Coal Prices Set to Soar, Industry Experts Predict
China’s coal market is poised for a significant uptick in prices, according to fresh insights from the China Coal Transportation and Distribution Association (CCTD). General Manager Han Lei of CCTD’s research department highlighted that domestic thermal coal prices have surpassed 800 yuan ($110.41) per metric ton, which is seen by …
Read More »China’s Coal Dependence to Persist despite Global Climate Goals
Amidst global efforts to phase out coal power by 2040, China’s coal consumption is unlikely to decrease significantly by that time, according to a new report by Norwegian consultancy DNV. The report indicates that China’s coal usage, currently the world’s largest, will experience a minor reduction in the next two …
Read More »Slump in Coal Production Drags down Poland’s Economic Recovery
A 26% plunge in coal mining weighed on Poland’s industrial output in March 2024, casting a shadow over the expectations that the biggest emerging-market economy in Europe would grow by the expected 3% this year. Coal mining output slumped by 25.9% year-over-year in March, contributing to a 6% decline in …
Read More »Global Climate Goals still Unreachable despite Record Renewable Growth
Renewable energy installations reached record highs in 2023, growing at their fastest pace in decades. 510 gigawatts (GW) of renewable energy were added worldwide, representing a 50% increase from 2022, according to figures from the International Energy Agency (IEA)’s annual flagship report on the global status of renewable energy. Projections …
Read More »Carbon Price Crash Threatens EU Transition Funds
The price of carbon dioxide on the European Union’s emissions trading markets, ETS, has taken a bad tumble. On the face of it, this is good news—it means industries covered by the scheme are emitting less. But in this case, fewer emissions mean less money for the transition. Earlier this …
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