Apac

Carbon Emissions

Reaching Climate Targets Relies on Swift Reduction of Global Coal Emissions: IEA

There are around 9,000 coal-fired power plants globally with a total capacity of 2,185MW.

Electric Car

GM Offers a Bullish Outlook for Its EV Business, Forecasting Profits in ’25

General Motors told investors that its lineup of electric vehicles will be “solidly profitable” in 2025 in North America and that its EV capacity in the regio…

Net Zero Emission

Turkey Needs EUR 9.6 Billion Annually to Achieve Climate Goals

Turkey will need around EUR 9.6 billion of investments annually to raise the capacity of solar, wind, and storage technologies and reduce fossil fuel consumptio…

Energy Transition

Just Transition Support Platform for Developing Countries Launched

This forms part of the ADB’s commitment to ensure build capacity of developing countries.

Crude Oil

Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head

Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …

Hydrogen Project

World Bank Group Announces International Low-Carbon Hydrogen Partnership at COP27

The World Bank hydrogen partnership will foster capacity building and regulatory solutions, business models, and technologies toward the roll out of low-carbon …

Gas Turbine

Germany’s Gas Turbine Capacity Expansion Moving Too Slow

Germany is behind in its plan to expand its gas turbine capacity to 30 GW by 2030—the amount needed to stabilize its electricity distribution networks, accordi…

Hydropower Plant

Asia’s Pumped Hydropower Capacity to Overtake NAWE in 2023

Developments will mostly be located in Mainland China.

Net Zero Emission

Mexico Vows to Double Renewable Energy Capacity by 2030

Mexico has pledged to deploy a further 30 gigawatts in renewable energy capacity by 2030, the nation's Foreign Ministry said in a statement on Monday.

Bezos Pledges to Give Most of His $124B to Fight Climate Change

Billionaire Jeff Bezos–the fourth-wealthiest person in the world–has told CNN he plans to give away the bulk of his $124 billion net worth to fight climate ch…

Nuclear Reactor

EU Needs $460 Billion Investment to Maintain Nuclear Power Capacity

The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity.

Coal-Fired Power Plants

US Coal-Fired Power Retirements to Slow From 2023 – Report

Competition from natural gas and renewable resources will likely lead to the retirement of 23% of the 200,568MW of coal-fired capacity currently operating in th…

Offshore Wind Power

Rapid Growth Seen in Asia’s Offshore Wind Capacity: Report

It is expected to rise by 15.3% annually.

Solar Power Panel

U.S. Solar Capacity Has Grown 28,500% Since 2008

U.S. solar power capacity has jumped by 28,500% since 2008.

Targeted RE Capacity Needs to Be Doubled by 2030 to Reach Climate Goals

Total capacity needs to reach 10.8TW from the current target of 5.4TW.