The company aims to become a leader in green hydrogen and biofuels with its 2030 ‘Positive Motion‘ Strategy Generate more than half of EBITDA from sustainable businesses by 2030 Reduce Scope 1 and 2 emissions by 55% and Scope 3 by 15-20% by 2030, among the most ambitious targets in the sector Reach net zero […]
Solar’s First Trillion Watts Arrives During a Wartime Energy Transition – EQ Mag Pro
The energy transition has become a weapon. That’s one consequence of the Russian invasion of Ukraine. If war is a force that gives us meaning, this one is redefining the global energy system. What had until recently been Europe’s decades-long pursuit of a green agenda to replace coal and natural gas with wind turbines and […]
IRENA: Energy Transition Holds Key to Tackle Global Energy and Climate Crisis – EQ Mag Pro
World Energy Transitions Outlook outlines priority actions till 2030 to keep 1.5°C alive; calls on governments to fast-track energy transition for more energy security, resilience, and affordable energy for all. Abu Dhabi, UAE : Short-term interventions addressing the current energy crisis must be accompanied by a steadfast focus on mid- and long-term goals of the […]
Terna announces $11bn investment plan for energy transition – EQ Mag Pro
The investment will be focused on electricity infrastructure, renewable sources and cross-border interconnections. Italy-based transmission system operator (TSO) Terna has announced a €10bn ($11bn) investment in Italy’s energy transition, energy independence and decarbonisation efforts. The company’s board approved the investment as part of its 2021-25 ‘Driving Energy’ industrial plan. Terna aims to bolster its role […]
Energy transition to create 3.2 million jobs by 2050, says Bhagwanth Khuba – EQ Mag Pro
The minister of state for new & renewable energy was speaking at a curtain raiser event for the third edition of Hybrid Conference & Digital Exhibition on ‘Aatmanirbhar Bharat – Making India a Global Manufacturing Hub for Renewable Energy’ organised by industry body CII. The Indian economy has not been able to generate enough jobs […]
Indonesia’s Pertamina Accelerates Energy Transition – EQ Mag Pro
Becoming a Global Energy Company JAKARTA : State-owned PT Pertamina (Persero), an energy company that has been active in the global arena, reaffirmed its commitment as a company that cares about the environment, social aspects and good corporate governance, setting the energy transition program as the company’s top priority. President Director & CEO Nicke Widyawati […]
ADB President Reiterates Need for “Just, Inclusive” Energy Transition at G20 Event – EQ Mag Pro
MANILA, PHILIPPINES : Asian Development Bank (ADB) President Masatsugu Asakawa today reiterated the importance of a just and inclusive transition to a low-carbon future and stressed the need for urgent collective action against climate change at an event organized under the G20 Presidency of Indonesia. “The battle against climate change will be won or lost […]
50Hertz increases investments in grid infrastructure to accelerate the energy transition, 50Hertz plans to invest up to €5.6 billion – EQ Mag Pro
The electricity transmission system operator 50Hertz increases investments in the infrastructure required for the transport of renewable energies. One focus of 50Hertz is on grid connections for large offshore wind farms in the Baltic and the North Sea. 50Hertz wants to boost the connection capacity for offshore wind farms from around 1 GW today to […]
Black & Veatch: Decarbonization Roadmaps First Step to Fair Energy Transition in Asia – EQ Mag Pro
Customized, implementable decarbonization roadmaps key to advance the region’s climate and sustainability agenda SINGAPORE : Clear and ambitious decarbonization roadmaps will help Asia achieve an equitable energy transition, yet more than 50 percent of industry respondents in Black & Veatch’s 2022 Asia Electric Report lack such plans. As more integrated generation, transmission and distribution energy […]
Leveraging infrastructure investment to meet net-zero goals – EQ Mag Pro
Investors have critical roles to play in delivering sustainable infrastructure to address the rising risks of climate change. Developing innovative solutions can accelerate the energy transition. In November 2021, 120 world leaders representing 197 states converged in Glasgow for the COP26 UN Climate Change Conference.1 There, they discussed the next decade of climate action and […]