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Global Commission Formed to Accelerate Approvals of Renewables, Green Hydrogen

It is expected to present its recommendations to the UN General Assembly in September 2023.

G7 Hydrogen Consumption Could Grow by up to 7 Times

IRENA asked the G7 countries to lead the market.

Ammonia

Power Facilities to Potentially Use 100 MT of Low-Carbon Ammonia as Feedstock by 2050

Conventional market low-carbon demand expected to reach 21 Mt globally by 2030, but cost remains challenging.

Electric Car

InoBat Inks Declaration for EV Battery Gigafactory in Serbia

InoBat Auto, European developer of Electric Vehicle (EV) batteries, has signed protocols and declarations of intent with the Government of the Republic of Serbi…

EU

COP27: EU and Egypt Unite Behind Green Hydrogen and a Just Transition

The EU and Egypt have signed a cooperation agreement to develop renewable hydrogen and prepare the groundwork for a just transition in Egypt.

Wind Turbine

Timber Turbine Blades Gain Momentum With New Partnership

Stora Enso and Voodin Blade Technology GmbH are teaming up to develop sustainable wind turbine blades from wood.

Solar PV to Overtake Onshore Wind in Latin America From 2023

Solar leads as lowest cost technology to 2050, superseding all other power generation technologies in region

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.

Hydrogen Project

ReNew Unit, Egypt Gov’t to Develop Green Hydrogen Plant

The plant will be located in the Suez Canal Economic Zone

Hydrogen Technology

South Korea Unveils New Hydrogen Policies

It aims to be a global hydrogen powerhouse.

Energy Transition

Indonesia to Get $20B Under Just Energy Transition Partnership

The country’s plans include peaking the power sector’s total emissions by 2030.

Crude Oil

India Raises Windfall Tax on Crude Oil

India has raised a windfall tax on crude oil to 10,200 Indian rupees ($125.22) per tonne from 9,500 rupees per tonne, a government order said on Wednesday.

South Korea

Saudi Aramco to Pump $7 Bln Into Biggest Petchem Investment in South Korea

Saudi Aramco plans a $7-billion investment at a South Korean affiliate's factory in the port city of Ulsan to turn out more high-value petrochemical products, t…

Net Zero Emission

COP27: France, Spain Latest to Pledge Halt to Gasoline-Driven Vehicle Sales

France and Spain on Thursday joined a pledge to stop sales of gasoline-driven vehicles by 2035, five years earlier than previously planned, part of efforts to a…