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Energy Transition
The IEA in 2024: Reviewing the Year
Spain
15-11-2024
New Rebiocycle Project on Novel Recycling and Upcycling Solutions for Bioplastics
20 partners have joined forces, under the lead of the University College Dublin and BiOrbic Bioeconomy SFI Research Centre.AIMPLAS coordinates the Spanish Hub, working in the sorting, mechanical recycling and enzymatic recycling of bioplastics.Image Credi
Renewable Energy
15-11-2024
Low Carbon Confirms Plans to Develop a New 500 MW Renewable Energy Park in Kent
Low Carbon is in the early stages of developing proposals for a new solar and energy storage park on Romney Marsh, Kent, the UK. With an anticipated generation capacity of 500 MW, the project would generate enough clean energy to power 140 000 homes, whic
COP29
14-11-2024
Global Renewables Alliance Urges Action to Boost Global Green Energy Trade at COP29
The Global Renewables Alliance (GRA) has made an urgent appeal at COP29, calling on world leaders to confront the trade barriers that are holding back renewable energy expansion.As the world faces a growing energy crisis and ongoing disruptions to supply
Carbon Emissions
13-11-2024
Fossil Fuel CO2 Emissions Increase Again in 2024
Global carbon emissions from fossil fuels have reached a record high in 2024, according to new research by the Global Carbon Project science team.The 2024 Global Carbon Budget projects fossil carbon dioxide (CO2) emissions of 37.4 billion tonnes, up 0.8%
Battery
12-11-2024
Low Carbon Delivers Irish Battery Storage Asset to SSE
UK-based global renewable energy company, Low Carbon, has further underlined its position as a leader in the European battery storage market through the delivery of the 120 MW Thornsberry battery project in Ireland to SSE Renewables. The project will play
COP29
12-11-2024
IEA at COP29: High-Level Roundtable on Energy: Advancing Climate Mitigation Action
The COP29 Presidency and International Energy Agency (IEA) are convening the final in a series of high-level energy transition dialogues to support the COP29 climate summit. The dialogues – co-chaired by IEA Executive Director Fatih Birol and CO
Net Zero
12-11-2024
NDCs 3.0 a ‘Make or Break’ for Global Goal to Triple Renewables by 2030
Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to IRENA’s World Energy Transitions Outlook 2024.Released at the opening of the UN Climate Confer
United States
11-11-2024
CARB Raises Carbon Intensity Reduction Targets of LCFS to 30% in 2030 and 90% by 2045
The California Air Resources Board on Friday voted to approve updates to the Low Carbon Fuel Standard (LCFS). The updates raise the carbon intensity reduction targets from 20% to 30% in 2030 and to 90% by 2045. The amendments also increase support for zer
COP29
11-11-2024
Climate Adaptation on the Agenda at COP29
UNEP’s Adaptation Gap Report 2024 finds that nations must dramatically increase climate adaptation efforts, starting with a commitment to act on finance, one week ahead of the World Leaders Climate Action Summit at COP29.Climate change adaptatio
United States
07-11-2024
Washington State Votes to Keep Carbon Tax That Was Up for Repeal
Washington voters resoundingly rejected a ballot initiative seeking to repeal the state’s cap-and-trade program.The result is a landmark win for local climate advocates, most notably outgoing Governor Jay Inslee, who helped establish the climate
United States
07-11-2024
Clean Energy Shares Tumble as Panic Takes Hold on Trump Win
Shares in clean energy companies plunged after a US election victory for Donald Trump, who has long criticized climate policies as the green new scam and has said he plans an array of tariffs that impact the industry.The WilderHill Clean Energy Index drop
Carbon Neutrality
05-11-2024
Shanghai Unveils Green Shipping Plan as New Emissions Rules Loom
The government in Shanghai wants to convert the world’s busiest port into a center for greener shipping.China’s biggest city aims to build its capacity to supply cleaner fuels in preparation for more stringent global emissions mandates
Decarbonization
05-11-2024
Oil, Gas Companies Told To Cut Emissions By One-third Under Planned Cap
Oil and gas producers in Canada will be required to cut greenhouse gas emissions by about one-third over the next eight years under new regulations being published today by Environment Minister Steven Guilbeault.The regulations, still only in draft format
Decarbonization
30-10-2024
ACWA Power Signs $1.7bn Finance And Energy Deals
Saudi utility firm ACWA Power is set to increase its capital by SR7.13 billion ($1.89 billion) as part of its strategy to triple assets under management by 2030.This move, facilitated through the issuance of right issues as per a Tadawul statement, is aim
Australia
29-10-2024
Zero Carbon Ammonia For Shipping Faces Cost, Safety Challenges
At one of the world's biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy.The fi
Net Zero
23-10-2024
MPA, Irena Join Forces On Energy Transition In Maritime And Port Sectors
As disclosed, the agreement was inked at the Singapore International Energy Week on October 22, 2024. Under the MoU, MPA and IRENA will combine their knowledge of renewable energy and maritime innovation to promote knowledge exchange and best practices ac
Carbon Emissions
21-10-2024
Hanwha Ocean Partners With GCMD to Advance Maritime Decarbonization
The Global Centre for Maritime Decarbonization (GCMD) and Hanwha Ocean have signed a five-year strategic partnership to advance maritime decarbonization in the areas of alternative low-/zero carbon fuels, energy efficiency technologies, and onboard carbon
Singapore
21-10-2024
Singapore to Co-fund CCS Studies at Some Power Plants to Aid Net-Zero Emissions Target
Singapore's Energy Market Authority (EMA) will co-fund selected carbon capture and storage (CCS) feasibility storage studies proposed by power generation companies and energy firms to help achieve the city-state's net zero emissions target
Finland
21-10-2024
ABB’s Porvoo Factory Achieves Carbon-Neutral Operations
ABB’s manufacturing facility in Porvoo, Finland, has attained carbon-neutral status by utilising 100% renewable energy sources.The site, which produces wiring accessories and installation materials for the smart building market in the Nordics, i
Energy Transition
18-10-2024
Snam to Invest €14.5BN in Gas Grid for Green Fuels Transition
talian gas grid operator Snam has announced a significant investment of €14.5bn ($15.72bn) to adapt its infrastructure for the energy transition.This investment, planned for the period between 2028 and 2032, is aimed at repurposing the existing g
Carbon Capture
18-10-2024
Start-up of Giant Gas Development Remains on Track as Flagship Carbon Capture and Storage Project Propels Forward Australia’s Journey to Net Zero
Australian energy player Santos has hit the 82% completion mark at its project in Commonwealth waters, bringing it closer to the first gas from its huge field off the coast of Australia. The firm also confirmed the commissioning of a carbon capture and st
Distributed energy
17-10-2024
Masdar and Presight to Launch AI Global Asset Management Tool
UAE-based Masdar has teamed up with Presight to create an AI-based asset management tool to manage its renewable energy projects globally.The partnership aims to harness the billions of data points generated daily by Masdar’s equipment, such as
Germany
16-10-2024
Germany Earmarks $3 Billion for Decarbonisation Subsidies
Germany's Economy and Climate Minister Robert Habeck holds a press conference about the autumn economic projectionThe German government has earmarked up to 2.8 billion euros ($3.1 billion) to support 15 industrial companies in their bid to decarbo
United States
12-10-2024
Mosaic says fertilizer waste facility's water entered Tampa Bay after Hurricane Milton
Hurricane Milton.Mosaic Co (MOS.N), said on Friday that water supporting the chemical company's storage of a waste byproduct from fertilizer manufacturing in Florida probably made its way into Tampa Bay following a downpour from Hurricane Milton.T
Carbon Emissions
11-10-2024
Indigenous Groups in Brazil: We Were Not Consulted on Carbon Credits
Indigenous leader Alessandra Korap Munduruku takes part in a protest for land demarcation and against President Jair Bolsonaro's government, in Brasilia, Brazil June 16, 2021. REUTERS/Ueslei Marcelino/File Photo Purchase Licensing Rights(This Oct.
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Most views from Climate Change
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Google Backs US Gas Power Plant With Carbon Capture for Midwest Data Centers
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CCUS Takes Center Stage in Norway’s New National Innovation Hub
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Sonardyne Adds Another Task to Its Contract for UK’s First Offshore CCS Project
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Suggestions of the Central Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development
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Mazda Forms EU Carbon Emissions Pool With Changan Joint Venture
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Global Energy-Related CO2 Emissions Hit Record High in 2023 - IEA
