Daimler said in March it would accelerate its shift to electric cars. Daimler AG will accelerate the launch of electric cars slated for the middle of this decade while phasing out fossil-fuel versions, as it revamps its electrification strategy, Manager Magazin reported on Thursday. Many of the electric vehicle models the German carmaker has planned […]
Indonesia Can’t Afford the Luxury of Australia’s Carbon Habit
If you want to understand why Indonesia seems to be turning its back on fossil fuels faster than its richer neighbor Australia, you could do worse than look to the wit and wisdom of David Lee Roth. “I used to have a drug problem,” the hard-living Van Halen singer is supposed to have once said. […]
Zero Fossil-Fuel Lending Ahead in Nedbank’s $3.5 Billion Plan
Nedbank Group Ltd. has committed 50 billion rand ($3.5 billion) to renewable energy projects as the South African lender forges ahead with plans to retreat from fossil-fuel financing. The nation’s fifth-largest lender by value has already approved over 37 billion rand for clean-energy developments. It also secured deals in South Africa’s latest bidding round for […]
Thailand floats hydro-solar projects for its dams as fossil fuel supplement
Thailand is close to completing one the world’s biggest floating hydro-solar hybrid projects on the surface of a dam, a step toward boosting renewable energy production after years of criticism for reliance on fossil fuels. About 144,417 solar panels are being installed on a reservoir in the northeast province of Ubon Ratchathani, where workers are […]
Thailand floats hydro-solar projects for its dams as fossil fuel supplement
Thailand is close to completing one of the world’s biggest floating hydro-solar hybrid projects on the surface of a dam, a step toward boosting renewable energy production after years of criticism for reliance on fossil fuels. About 144,417 solar panels are being installed on a reservoir in the northeast province of Ubon Ratchathani, where workers […]
Biden tax plan replaces U.S. fossil fuel subsidies with clean energy incentives
Linked to the $2.3 trillion infrastructure package, it is part of wider plan that includes boosting the corporate income tax rate from 21% to 28%. WASHINGTON: U.S. Treasury Secretary Janet Yellen on Wednesday released details of a tax hike proposal that would replace subsidies for fossil fuel companies with incentives for production of clean energy […]
World Bank Revises Climate Policy but Doesn’t Halt Fossil Fuel Funding
Washington/Brussels : A revised World Bank policy on climate change commits to making financing decisions in line with efforts to limit global warming, but stops short of promising to halt funding of fossil fuels, according to a draft bank presentation seen by Reuters. The World Bank, the biggest provider of climate finance to developing countries, […]
Here’s how global electric car makers are tweaking their models to make it viable for Indian roads
India’s infrastructure problems have continued to deter consumers from choosing electric cars over fossil fuel vehicles. So, the makers are trying to find a way to make the cars viable for their buyers. The UK-based carmaker Morris Garages, launched its new ZS EV in India with an increased ground clearance of 177mm, 9% more than its earlier […]
How Saudi Arabia is transitioning from fossil fuel hub to solar power
Saudi Arabia has needed a change of approach towards energy consumption and production for many years. Despite having a population of just over 30 million people, the Kingdom is the largest oil consumer for electricity generation on the planet, where the fuel makes up roughly 42 percent of the Kingdom’s electricity mix. With its heavy […]
California Sets $200M Budget for ‘Complex, Multi-Property Microgrid’ Projects
Utility funding for community resilience against fire-prevention outages doesn’t go far enough, microgrid groups argue. California regulators have approved a microgrid plan directing $200 million to help communities build networks that can supply power through the state’s extended wildfire-prevention blackouts, a task expected to take years to move from planning to completing its first projects. […]