BERLIN: Global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the Paris climate accord, the International Renewable Energy Agency said on Tuesday. Investments in renewable energy technologies reached a record of $1.3 trillion last year but that figure must rise to around $5 trillion annually […]
Germany likely missed climate target again, activists angry – EQ Mag
Germany’s economy minister noted that higher emissions from coal-fired power plants was reactivated to make up for a lack of Russian gas. Germany released the equivalent of 761 million metric tons of carbon dioxide New measures to boost wind and solar power generation would take effect in 2023 There are concern over the lack of […]
Singapore eyes low-carbon hydrogen to achieve climate target earlier, reaching net-zero by 2050 – EQ Mag Pro
If technology continues to advance, hydrogen could supply up to half of Singapore’s needs by 2050. SINGAPORE : Singapore is looking to pursue low-carbon hydrogen as part of its decarbonization efforts, as the country races to bring forward its net-zero target. On Tuesday (Oct 25), Deputy Prime Minister Lawrence Wong announced that Singapore will raise […]
New climate target poses upside risks to outlook for renewable growth: Fitch Solutions – EQ Mag Pro
With the new targets, it expected to see attempts to alleviate the issues regarding supply chains, manufacturing and project development that have long plagued renewable proliferation. At the 2021 Climate Change Conference, also known as COP26, Modi outlined a net zero emissions target by 2070 for India. Fitch Solutions on Thursday said the new climate […]
Korea Needs Massive Renewable Growth to Reach New Climate Target – EQ Mag Pro
South Korea’s aggressive new climate target will require the country to significantly ramp up its renewable energy generation, particularly in the wind sector. President Moon Jae-in pledged to cut the nation’s greenhouse gas emissions by 40% from 2018 levels by 2030 in his speech at the annual U.N. climate conference in Scotland. “It isn’t an […]
South Korea Proposes Cutting Emissions 40% By 2030
The coal-reliant nation will need to pivot quickly to renewable energy under the government’s proposed new climate target. South Korea’s ruling party has proposed a target to cut greenhouse gas emissions at least 40% by 2030, compared to 2017 levels.It is a significant increase in ambition for the coal-reliant Asian economy but does not match […]