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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.

Cambodia

Cambodia Connects 100-Mw Solar Park Project to National Grid

The project was accomplished in partnership with the ADB.

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

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 …

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…

Switzerland

Switzerland Can Save 4M Tonnes of Carbon Each Year

A partnership has been signed to decarbonise waste-to-energy plants in Switzerland.

Carbon Neutral

EU Reaches Deal to Increase Carbon Removals From Land Use, Forestry and Agriculture

The agreement boosts the EU’s target for net carbon removals by natural sinks to 310m tonnes of CO2 equivalent by 2030.