REM - Renewable Energy
California beefs up offshore wind budget as federal government starts review of offshore wind energy areas
In California, Governor Gavin Newsom has proposed a state budget for the 2022-2023 fiscal year which brings the total for offshore wind activities in federal waters to $45mn.
Over the next few weeks two battles in Washington could determine Biden’s climate agenda
President Biden faces a crucial decision by the US Supreme Court in February that could significantly restrict him from regulating CO2 emissions from power plants. His $1.8 trillion Build Back Better (BBB) agenda is still also stalled.
NDCs need to be rapidly improved to get near 1.5°C target
Current Nationally Determined Contributions (NDCs) are nowhere near enough to keep global warming within the 1.5°C target
Russian utilities face tighter profits and green headaches in 2022
Russian utilities performed less well than the market average in 2021, and are set to continue to lag below the market in 2022. The sector is set to remain carbon-intensive and faces becoming less able to keep up with global decarbonisation trends.
Registration of electric cars continues to grow in Ukraine
Registration of electric cars continues to grow in Ukraine
Electricity production in Ukraine grew by 5.2%
Electricity production in Ukraine grew by 5.2%
Below-market outlook on Russian utilities in 2022
European Environmental Bureau says Slovenian EU presidency failed to make significant progress on green agenda
Despite efforts to reverse biodiversity loss, the Slovenian EU Council presidency achieved little on the green transition and in pushing the zero pollution ambition.
Russian industry bargains for CO2 credits
EU's draft Carbon Border Adjustment Mechanism toughens up
REM: Blackstone announces it will invest some $3bn in US renewable energy firm Invenergy
Private equity company Blackstone Inc. has announced that it will invest approximately $3bn in renewable energy company Invenergy.
New York State has announced a “nation-leading” plan to invest $500mn in offshore wind
Heat, rain records broken in 2021 in Turkey
Largest renewable energy project in US history online
Pattern Energy Group has begun commercial operations of the largest single-phase renewable-energy project in US history.
Can the renewable energy provisions of Biden’s Build Back Better plan be saved?
President Joe Biden’s $1.75 trillion Build Back Better measure faces an uncertain future in the evenly divided US Senate, with holdout Democratic Sen. Joe Manchin of West Virginia still opposed to some key provisions.
Uzbekistan launches tender for wind and solar projects
Mozambique seeks consultants for first floating solar farm
Mozambique’s state-owned power company Electricidade de Mocambique (EDM) is seeking consultants to help develop the country’s first floating solar farm.
China builds 3.6-GW pumped storage plant to feed Olympics
State Grid Corporation of China (SGC) has opened 3.6 GW of pumped storage hydro capacity that will provide electricity for the Beijing Winter Olympics in February.
Satellite data to play key role in finding new ways to cut urban emissions
Investing in low-carbon and resilient urban development will play a key role in meeting global climate change goals and cutting city emissions, according to new research from the World Bank
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