Energy Transition

rooftop solar installations, renewable energy jobs

Pandemic accelerates industry’s transition to renewable energy

After two years of the highest and lowest petroleum prices in a decade highlighted flaws in the fossil fuel supply chain, major energy corporations are speeding up their shift to renewable energy, according to Capital.com. Although the majority of the shocks to the energy markets were brief, the most recent period of uncertainty prompted the …

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The green energy policy effort, which was released on Friday by seven government departments including the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Commerce, aims to encourage "sustainable energy consumption."

China Pushes Green Energy Policy in Food, Clothing, Transport Sectors

According to China’s current strategy, the country would adopt a new green energy policy to encourage low-carbon consumption across a variety of industries in order to balance economic development with its objective of being carbon neutral, South China Morning Post reports. The green energy policy effort, which was released on Friday by seven government departments …

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Renewable Energy Expansion Will Contribute to 70% of China's Power

Transitioning to renewable energy might boost Africa’s GDP by 6.4 percent

According to an analysis published by the International Renewable Energy Agency (IRENA) in collaboration with the African Development Bank, an integrated policy framework built around the energy transition could bring a surge of new sustainable energy investment to Africa, expanding the continent’s economy by 6.4 percent by 2050. (AfDB). “Renewable Energy Market Analysis: Africa and …

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French city cancels order of 51 hydrogen buses

A two-year-old plan to run 51 hydrogen buses in Montpellier and its neighboring regions was discontinued owing to cost overruns when elected officials discovered that electric buses would be six times cheaper to operate. Montpellier Horizon Hydrogen, a €29 million ($33 million) project that involves the construction of a small solar-powered green-hydrogen plant, was announced …

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IEA: Market instability is not due to the shift to clean energy

According to Fatih Birol, executive director of the International Energy Agency (IEA), stories claiming that volatility in gas and power markets is a consequence of the clean energy transition are “misleading”, Bioenergy-news.com reports. Natural gas and electricity prices have hit record highs in recent weeks and months, most notably in Europe and certain major Asian …

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BP and Oman partnering in massive renewable energy projects

BP and Oman will possibly construct several gigawatts of renewable energy and green hydrogen projects in Oman by 2030, boosting the British major’s gas business in the Middle East’s largest non-OPEC oil producer. According to S&P Global, BP and Oman’s ministry of energy and minerals inked a strategic framework agreement on Jan. 17 that will …

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