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Carbon Neutral

Asia’s Coal Phase-Out Must Be Gradual, Says Mitsubishi Heavy Head

Asia must phase out coal power gradually while still making use of existing infrastructure to make the shift to a carbon-neutral society less disruptive, Seiji …

OPEC

OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount

OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic …

Electric Car

Will Britain’s EV Owners Have to Pay Road Tax for the First Time?

Reports claim Chancellor Jeremy Hunt is expected to announce road tax for EVs in the Autumn Statement this week.

China

How Much Did These Asian Countries Saved With Solar Power

Seven countries were able to save about 9% of their fossil fuel costs in the first half.

CCS

Capturing CO2 and Repurposing It Into Neutral Chemicals

A new study performed by the University of Surrey has shown that Carbon dioxide (CO2) can be captured from the encircling atmosphere and reprocessed into benefi…

Natural Gas

Canada's Ontario to Extend Gas, Fuel Tax Cut for a Year

The Ontario government said on Sunday it will extend a fuel and gas tax cut first introduced last spring by another year to help residents cope with high inflat…

Hydropower Plant

Nigeria Offers Concession on $1.3 Billion China-Funded Hydro Power Plant

Nigeria plans to grant a concession on its $1.3 billion hydropower plant now under construction and is seeking bids from private investors to operate the China-…

Electric Vehicle Battery

Indonesia's Adaro Signs MoU With Hyundai for Aluminium Supply

Indonesian metals company PT Adaro Minerals Indonesia, Tbk has signed a memorandum of understanding (MoU) with South Korea's Hyundai Motor Company on aluminium …

Germany

German Budget Experts Push for Dividend Ban Tied to Energy Subsidies

Budget experts from Germany's ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at companies that benefit from gas …

Net Zero Emission

New Action Plan Comes Into the Limelight to Accelerate Decarbonisation

With COP27 in full swing, governments have set out an action plan to make clean technologies cheaper and more accessible in a bid to scale up decarbonisation ef…

Nuclear Reactor

Finland Introduces Scheme to Prevent Power Blackouts

Finland's national power grid operator said on Friday it will introduce voluntary procedures for companies and the public sector to help prevent electricity sho…

Natural Gas

Persistent EU Rifts Seen Delaying Any Approval of Gas Price Cap

Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute energy crunch.

Offshore Wind Power

RWE Awarded 700MW Dutch Offshore Wind Tender

A subsidiary of RWE won the permit for one of the two wind farms in the Hollandse Kust West Wind Farm Zone in the Dutch North Sea.

Energy Transition

Global Investment Firm KKR Invests $400m in India’s Serentica Renewables

Serentica Renewables seeks to enable the energy transition by providing clean energy solutions for energy-intensive, hard-to-abate industries.

Carbon Emissions

COP27: Biden Says US Will Meet 2030 Emissions Targets

During his speech at the climate summit, he said the government has put its money where its mouth is on climate change.